03 May: Are there stocks with P/E less than 1 now?

Stocks with a very low P/E

Value investing suggests that a low P/E is a first indication that a stock may be undervalued, so choosing stocks with a low P/E ratio is a good start to add them to your list of stocks to buy, stocks to buy today with further due diligence. Are there stocks with very low P/E, for example, stocks with a P/E of less than 1? For investing and trading purposes, the answer is yes.

Stocks to invest in

A stock screener can provide a lot of stocks to invest in. So we run a stock screener about stocks today and we found the following stock with a PE Ratio (TTM) of only 0.08.

iHeartMedia, Inc. (IHRT): stock price at the close on May 1, 2020:6.74-0.28 (-3.99%).

iHeartMedia, Inc. (IHRT) stock has a 52 Week Range 0f 4.31 – 19.69. Some key facts about this stock are:

EPS (TTM): 89.62

Market Cap: 450.295M

Avg. Volume: 712,898

Sector: Communication Services
Industry: Broadcasting

iHeartMedia, Inc. (IHRT) stock chart

iHeartMedia, Inc. (IHRT) stock chart
iHeartMedia, Inc. (IHRT) stock chart

Looking only at stock prices is not enough for investing or trading. A trend analysis for this stock shows that net income for the fiscal years 2018, 20217 and 2016 was -201,910, -393,891, -296,318 respectively. But TTM net income is positive at 100,701 (All numbers in thousands).

Stock market data: Yahoo finance