Weekly filter · S&P 500 constituents vs their own balance sheet

S&P 500 Stocks Below Book Value

A mechanical filter over every S&P 500 constituent: the share price divided by the book value per share — the accounting value of assets minus liabilities. The screen keeps only the names the market prices below that number, which is to say below what the balance sheet claims the business is worth.

Filter Result

Run of Oct 5, 2026: 18 of 495 constituents traded below book value.

18 matches

CompanyPrice/book
Vylor, Inc.CTVA · Basic Materials0.316
Alexandria Real Estate Equities, Inc.ARE · Real Estate0.520
The Mosaic CompanyMOS · Basic Materials0.584
FMC CorporationFMC · Basic Materials0.646
Molson Coors Beverage CompanyTAP · Consumer Defensive0.681
The Kraft Heinz CompanyKHC · Consumer Defensive0.731
Charter Communications, Inc.CHTR · Communication Services0.769
PG&E CorporationPCG · Utilities0.839
Comcast CorporationCMCSA · Communication Services0.852
VICI Properties Inc.VICI · Real Estate0.855
Lennar CorporationLEN · Consumer Cyclical0.880
Mohawk Industries, Inc.MHK · Consumer Cyclical0.895
LKQ CorporationLKQ · Consumer Cyclical0.896
Global Payments Inc.GPN · Industrials0.901
Everest Group, Ltd.EG · Financial Services0.924
Truist Financial CorporationTFC · Financial Services0.967
American International Group, Inc.AIG · Financial Services0.968
Conagra Brands, Inc.CAG · Consumer Defensive0.996

This is a mechanical filter result, not investment advice or a recommendation.

Download this week's run (CSV)

Why Trading Under Book Matters

A price-to-book below one means the market values the whole company at less than its own accounting of its parts.

A Vote of No Confidence

Banks, insurers and industrials carry most of their value on the balance sheet, so for them book value is a real yardstick. When the market prices one of these below its own books, it is saying the assets are overstated, the earnings are gone, or both.

How It Is Computed

For each constituent we read the price-to-book ratio Yahoo Finance derives from the latest balance sheet and the current price. The screen matches strictly between zero and one — negative equity, which produces a meaningless ratio, is excluded rather than treated as a match.

What It Is Not

Book value is an accounting construct. It ignores intangibles a company built rather than bought, and it can sit stale for years on assets that have already lost their worth. A low ratio measures skepticism, not hidden value.

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