On 11 September, as the Nikkei 225 fell sharply in the Tokyo market, Kabutan News highlighted 32 low-P/E stocks on the Prime Market whose share prices had broken above their 25-day moving averages. The feature focuses primarily on stocks with P/E ratios below the Prime Market average that are considered to have room for further price gains.
This feature selected stocks on the Prime Market whose share prices had broken above their 25-day moving averages, then screened out 32 stocks with forecast P/E ratios below the Prime Market average of 16.7x. It refers to Granville's law, under which a phase in which the moving average turns from a downtrend to an uptrend is considered a buying opportunity, and presents a list showing the stock names alongside their P/E and P/B ratios.
The selected stocks include ミツバ, ミマキエンジ, 円谷フィルＨＤ, ケンコーマヨ, タムラ, ＣＤＭ, 理ビタ, 日伝, アークス and アイコム, among others. Their P/E ratios range from 5.6x to 16.5x, while their P/B ratios are approximately 0.64x to 3.53x. The article makes clear that it is provided for informational purposes and leaves final investment decisions to the reader's discretion.
Based on reporting by Kabutan News, this article appears to present a similar list and format on Yahoo! Finance, highlighting low-P/E stocks even as the broader market was being shaken on 11 September.
As a note, the information is provided for reference, and readers are urged to make their own decisions regarding purchases and sales.