Discount quality large caps
Query: US large-cap stocks more than 20 percent below their 52-week high with return on equity above 15 percent and positive revenue growth, ranked by forward P/E · data as of 2026-10-15
Built a drawdown-quality-value screen: 45 US large caps ($10B+) trading ≥20% below their 52-week high with ROE >15% and positive revenue growth, ranked by forward P/E ascending — with sector/industry, market cap, % from 52W high, ROE, revenue growth, forward/trailing P/E, and 1M/6M/1Y returns, plus qualitative comments on all 45 names.
US large-cap stocks ($10B+ market cap) trading at least 20% below their 52-week highs while still earning a return on equity above 15% and growing revenue — 45 names, ranked by forward P/E (cheapest first) as of October 15, 2026. This is a value-plus-quality screen: deep pullbacks that screen fundamentally intact rather than broken stories.
Drawdown Quality Value Screen
| Symbol | Security Name | Sector | Industry | Market Cap | % from 52W High | Return on Equity | Revenue Growth YoY | Forward P/E | P/E (TTM) | 1M Return | 6M Return | 1Y Return | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TPL | Texas Pacific Land Corporation | Energy | Oil & Gas E&P | 2.39e+10 | -35.80% | 30.94% | 13.09% | 4.74 | 44.09 | -0.59% | -18.45% | 15.25% | Land-and-royalty model with near-zero capex needs and very high margins, so the earnings base is unusually resilient for an energy name. The drawdown reflects falling oil/permian activity rather than balance-sheet stress; the optionality is water and surface acreage monetization tied to Permian data-center and industrial buildout. |
| HMY | Harmony Gold Mining Company Lim | Materials | Gold | 1.074e+10 | -34.79% | 29.99% | 20.39% | 5.08 | 10.68 | -9.17% | 1.62% | -8.89% | South African gold miner whose valuation reflects persistent jurisdiction discount (power, labor, currency) even as bullion prices support cash generation. The levered earnings swing makes it one of the highest-beta ways to express a gold thesis; the risk is single-country operational and power-supply disruption rather than demand. |
| UAL | United Airlines Holdings, Inc. | Industrials | Airlines | 3.288e+10 | -25.57% | 20.08% | 3.52% | 6.56 | 9.49 | -4.69% | 6.61% | -1.78% | Airline earnings are being held back by soft corporate and premium demand plus fuel and labor cost creep, not a broken franchise — domestic network and loyalty economics remain the moat. Watch for capacity discipline industry-wide; a demand recovery or fuel relief would flow disproportionately to earnings given operating leverage. |
| PDD | PDD Holdings Inc. | Consumer Discretionary | Internet Retail | 1.173e+11 | -40.33% | 23.67% | 14.45% | 6.73 | 8.62 | 4.65% | -20.53% | -35.15% | Temu's growth investments and heavy marketing spend are compressing near-term margins, and the stock carries geopolitical/tariff and US de minimis policy risk on top of the China ADR discount. Deep net cash and a very cheap multiple mean sentiment, not solvency, is the swing factor. |
| GFI | Gold Fields Limited | Materials | Gold | 3.304e+10 | -39.70% | 24.05% | 15.57% | 6.91 | 9.41 | -11.61% | -19.53% | -7.41% | Another South African gold producer, so the same country-risk discount applies on top of the commodity cycle. Cost inflation and grade mix are the operational watch items; the bull case is leverage to a higher gold price through rising free cash flow and dividends. |
| AA | Alcoa Corporation | Materials | Aluminum | 1.067e+10 | -51.76% | 22.44% | 7.87% | 6.97 | 8.4 | -12.62% | -42.39% | 13.96% | Aluminum pricing and energy costs dominate results, making this a pure cyclical with the deepest drawdown in the screen. Tariff and trade-policy noise cuts both ways for a US-heavy smelting footprint; the setup hinges on Chinese supply discipline and normalized power costs. |
| GEN | Gen Digital Inc. | Information Technology | Software - Infrastructure | 1.486e+10 | -20.98% | 37.27% | 27.06% | 7.52 | 14.51 | -19.02% | 26.71% | -5.65% | Consumer security subscription base is sticky with high renewal rates, so cash flow is far steadier than the price action suggests. The overhang is the leveraged balance sheet from the NortonLifeLock deal, which limits buyback flexibility if rates stay high. |
| LTM | LATAM Airlines Group S.A. | Industrials | Airlines | 1.635e+10 | -29.16% | 109.45% | 11.16% | 7.68 | 8.96 | -3.14% | -7.82% | 13.32% | Post-bankruptcy restructuring delivered a lean cost base and strong Latin American demand; the drawdown reflects currency and fuel volatility plus Brazil exposure. Continued margin expansion and capacity growth are the catalysts, with FX the main swing risk. |
| FSLR | First Solar, Inc. | Information Technology | Solar | 1.922e+10 | -43.81% | 15.47% | 24.09% | 7.75 | 18.26 | -6.42% | -6.70% | -20.33% | Utility-scale solar economics remain tied to policy and rates, and the sector is one of the most heavily sold areas of the market. Domestic manufacturing credits and a contracted backlog are the differentiator versus peers; the risk is that demand timing keeps slipping. |
| UHS | Universal Health Services, Inc. | Health Care | Medical Care Facilities | 1.104e+10 | -23.27% | 20.11% | 9.71% | 7.77 | 7.65 | 3.39% | 5.10% | -7.67% | Behavioral health and acute-care volumes are holding up while labor cost inflation moderates — a rare case of defensive demand combined with improving margins. Payer mix and reimbursement policy are the watch items; a discounted multiple on a cash-generative hospital operator is the value case. |
| EIX | Edison International | Utilities | Utilities - Regulated Electric | 2.141e+10 | -30.77% | 27.14% | 9.76% | 8.55 | 5.74 | 3.20% | -20.06% | 4.84% | Regulated utility facing wildfire liability exposure in California, which is why it trades at a deep discount to peers despite stable, rate-base-driven earnings. Resolution of the cost-recovery and insurance framework is the catalyst; regulatory and litigation outcomes are the risk. |
| DKS | Dick's Sporting Goods Inc | Consumer Discretionary | Specialty Retail | 1.388e+10 | -41.11% | 15.15% | 28.06% | 8.62 | 13.71 | 13.90% | -34.37% | -37.15% | Athletic retail demand softened after a multi-year boom, and the stock has de-rated sharply on margin pressure from promotions and store investment. Other-income streams and private-label mix are cushioning the hit; the catalyst is a demand inflection with cleaner inventory. |
| LULU | lululemon athletica inc. | Consumer Discretionary | Apparel Retail | 1.148e+10 | -54.10% | 32.73% | 4.86% | 8.81 | 8.02 | 3.24% | -39.18% | -41.41% | Premium activewear growth has normalized hard, and North America traffic plus markdown pressure drove the de-rating. Brand equity and international expansion remain intact; the debate is whether the multiple now over-discounts a structural slowdown rather than a cyclical air pocket. |
| FUTU | Futu Holdings Limited | Financials | Capital Markets | 1.539e+10 | -44.84% | 28.34% | 67.78% | 8.99 | 12.15 | -0.02% | -33.48% | -29.61% | Brokerage volumes and client asset growth in Asia are the earnings engine, so the drawdown tracks Chinese equity sentiment and regulatory headlines more than company execution. Net cash and a cheap multiple mean sentiment reversal could re-rate quickly. |
| RCI | Rogers Communication, Inc. | Communication Services | Telecom Services | 1.959e+10 | -22.06% | 28.44% | 3.22% | 9.12 | 3.88 | -11.06% | -2.40% | -10.67% | Canadian telecom facing intense price competition and a heavily levered balance sheet after the Shaw acquisition; the payout is under scrutiny if cash flow disappoints. Dividend sustainability and deleveraging pace are the crux — a defensive yield story with real balance-sheet risk. |
| ADBE | Adobe Inc. | Information Technology | Software - Application | 9.795e+10 | -30.07% | 61.90% | 10.53% | 9.15 | 14.41 | 0.47% | 1.41% | -25.08% | The market is pricing generative AI as a threat to creative software seats, so the discount is narrative-driven rather than a demand collapse. Firefly monetization and enterprise suite stickiness are the counter-argument; a credible AI monetization path would be a major re-rating catalyst. |
| B | Barrick Mining Corporation | Materials | Gold | 6.775e+10 | -23.46% | 19.92% | 31.22% | 9.21 | 10.48 | -4.70% | -3.96% | 23.84% | Gold major with strong mines in stable jurisdictions and improving copper optionality; the pullback reflects commodity volatility rather than operational issues. Copper growth and capital-return discipline give it a more diversified earnings base than pure gold peers. |
| SF | Stifel Financial Corporation | Financials | Capital Markets | 1.037e+10 | -22.66% | 16.13% | 6.65% | 9.37 | 12.29 | -9.12% | -14.17% | -5.60% | Wealth management and capital markets activity drive results, so the stock moves with retail engagement and rate expectations. Recruiting advisor talent and net interest income resilience are the positives; deal and trading volumes are the swing factor. |
| JBS | JBS N.V. | Consumer Staples | Packaged Foods | 1.362e+10 | -30.94% | 23.42% | 11.66% | 9.4 | 11.89 | 4.09% | -23.24% | 7.67% | Global protein processor with diversified beef, pork and poultry exposure; the discount reflects margin cyclicality in beef cattle supply rather than franchise risk. Prepared-foods mix and international diversification are the buffers, with feed costs and cattle cycle the key variables. |
| TCOM | Trip.com Group Limited | Consumer Discretionary | Travel Services | 2.483e+10 | -49.43% | 19.55% | 22.23% | 9.44 | 5.95 | -1.24% | -26.99% | -43.09% | Chinese travel demand remains the earnings engine, and the drawdown is mostly a China-sentiment and ADR-discount story. Cross-border volume recovery and international expansion are the catalysts; regulatory and consumer-confidence risk dominate the bear case. |
| LDOS | Leidos Holdings, Inc. | Information Technology | Information Technology Services | 1.556e+10 | -37.86% | 29.16% | 3.07% | 9.7 | 11.59 | -4.14% | -20.21% | -33.02% | Government IT services is a budget-driven business, and the de-rating reflects contract timing, protest losses and cost pressure on legacy programs. A long-duration backlog provides visibility; the debate is margin recovery and new-award conversion. |
| GDDY | GoDaddy Inc. | Information Technology | Software - Infrastructure | 1.359e+10 | -20.63% | 368.73% | 8.26% | 9.73 | 15.94 | 8.28% | 35.26% | -17.90% | Domain and hosting cash flows are highly recurring, and the business is using that to fund AI-enhanced product tiers. The overhang is competition from enterprise website builders and a leveraged balance sheet; an underappreciated AI monetization angle. |
| PYPL | PayPal Holdings, Inc. | Financials | Credit Services | 4.89e+10 | -21.72% | 26.13% | 4.32% | 9.87 | 10.81 | 8.44% | 15.42% | -16.42% | Branded checkout growth has slowed as competition from embedded wallets and stablecoin rails intensifies; the cheap multiple reflects structural share worry. Cost discipline and the value-added services mix are the offsets, with competitive pricing the main risk. |
| CCL | Carnival Corporation Ltd. | Consumer Discretionary | Travel Services | 3.558e+10 | -22.15% | 15.25% | 6.40% | 10.03 | 11.92 | 18.39% | -2.01% | -7.16% | Cruise demand and forward bookings remain robust while fuel and new-ship depreciation weigh on reported earnings — a classic good-operations/discounted-multiple setup. Balance-sheet leverage from the pandemic era is the lingering constraint on multiple expansion. |
| DECK | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | 1.179e+10 | -28.41% | 40.97% | 9.76% | 10.35 | 12.32 | 11.06% | -20.08% | -12.79% | Hoka's growth trajectory and Ugg's steadiness are intact, but the stock de-rated on footwear tariff costs and a high prior multiple. Brand momentum plus pricing power are the case; sentiment-driven multiple compression is the enemy here. |
| APO | Apollo Global Management, Inc. | Financials | Asset Management | 6.606e+10 | -26.74% | 17.50% | 22.73% | 10.42 | 39.81 | -10.17% | -6.62% | -10.90% | Alternative asset manager with a growing spread-based retirement business on top of fee-related earnings. The drawdown tracks high leverage and rate sensitivity of the spread income; continued capital raising and deployment is the value driver. |
| AGI | Alamos Gold Inc. | Materials | Gold | 1.526e+10 | -42.20% | 19.92% | 34.29% | 10.46 | 11.46 | -7.17% | -33.73% | -5.81% | Canadian gold producer with a low-risk jurisdiction profile and expanding production from new mines. The discount reflects the gold cycle rather than execution; production growth plus capital returns make it a lower-beta gold exposure. |
| RYAAY | Ryanair Holdings plc | Industrials | Airlines | 2.698e+10 | -29.44% | 22.90% | 3.75% | 10.46 | 12.58 | -1.03% | -16.17% | -12.94% | Low-cost European carrier with structurally better unit economics than network peers, yet the stock trades with the whole airline group. Traffic and ancillary revenue growth continue; fuel and European consumer demand are the swing factors. |
| BCE | BCE, Inc. | Communication Services | Telecom Services | 2.211e+10 | -23.71% | 27.95% | 4.60% | 10.52 | 4.15 | -10.31% | -14.25% | -8.86% | Canadian incumbent telecom with a large dividend that is being questioned alongside falling free cash flow and high leverage. Dividend coverage and asset-sale proceeds are the key tells; this is a yield-with-risk setup rather than a growth name. |
| GIB | CGI Inc. | Information Technology | Information Technology Services | 1.553e+10 | -21.03% | 17.95% | 2.66% | 10.63 | 12.89 | 5.60% | -0.17% | -16.51% | IT services and consulting with strong recurring revenue and a history of defensive execution, so the de-rating looks sentiment- and AI-disruption driven. If AI proves additive to consulting backlog rather than cannibalizing it, the multiple has room to normalize. |
| TMUS | T-Mobile US, Inc. | Communication Services | Telecom Services | 1.684e+11 | -31.75% | 19.67% | 8.49% | 10.88 | 16.43 | -10.91% | -19.44% | -30.11% | Wireless subscriber growth and pricing power remain best-in-class, making this a rare cheap mega-cap with a durable cash engine. The discount reflects competition from cable wireless and heavy capex, not subscriber weakness; buybacks and dividend growth are the levers. |
| LVS | Las Vegas Sands Corp. | Consumer Discretionary | Resorts & Casinos | 2.482e+10 | -44.86% | 155.76% | 15.22% | 10.88 | 14.85 | -6.67% | -31.60% | -18.51% | Macau and Singapore gaming recoveries are the earnings base, and the drawdown reflects China macro softness and high capital spending on Macau renewal. A levered play on Chinese consumer travel demand with limited downside if volumes stabilize. |
| WDC | Western Digital Corporation | Information Technology | Computer Hardware | 1.334e+11 | -52.23% | 19.51% | 50.70% | 11.23 | 13.23 | -14.51% | -1.39% | 215.67% | Storage pricing and the AI data-center cycle are powerful tailwinds, but the stock has been hit hard on fears the buildout trade is over-financed. HDD nearline demand and flash pricing are the fundamental drivers; the risk is a hyperscaler capex pause. |
| NVO | Novo Nordisk A/S | Health Care | Drug Manufacturers - General | 2.067e+11 | -38.70% | 52.79% | 6.43% | 11.51 | 9.66 | -5.97% | -2.95% | -27.32% | GLP-1 competition and pipeline disappointment drove a severe de-rating from a premium multiple for the obesity leader. Manufacturing scale and oral formulations are the moat; clinical and competitive data points are the high-variance catalysts. |
| ZTS | Zoetis Inc. | Health Care | Drug Manufacturers - Specialty & Generic | 3.24e+10 | -46.84% | 82.68% | 2.28% | 11.79 | 12.79 | 7.42% | -33.38% | -44.29% | Animal health demand is normalizing after the pet-adoption boom, pressuring growth and margins for the category leader. A steep discount to its historical multiple on a high-moat, cash-generative franchise is the value argument; the risk is a slower companion-animal spend cycle. |
| GLPI | Gaming and Leisure Properties, | Real Estate | REIT - Specialty | 1.17e+10 | -21.56% | 18.35% | 4.13% | 11.83 | 11.43 | -3.15% | -13.99% | -5.99% | Gaming REIT with long-duration, inflation-linked leases and reliable rent collections; the drawdown is rate-driven rather than operating-driven. The catalyst is rate relief, which would compress the yield gap versus bonds and re-rate the shares. |
| TIGO | Millicom International Cellular | Communication Services | Telecom Services | 1.376e+10 | -21.32% | 37.61% | 0.26% | 12.01 | 20.52 | -13.39% | 1.91% | 88.21% | Latin American mobile and broadband consolidation story with improving free cash flow and a reduced leverage profile. The discount reflects country risk in markets like Guatemala and Bolivia; continued deleveraging is the re-rating path. |
| PUK | Prudential Public Limited Compa | Financials | Insurance - Life | 3.347e+10 | -28.41% | 19.28% | 6.99% | 12.09 | 7.84 | -8.38% | -20.61% | -10.95% | Asian life insurance exposure with strong growth markets but sensitivity to Chinese and Hong Kong capital markets. The discount is a mix of regional sentiment and complex accounting; improving investment returns would flow straight to book value. |
| INTU | Intuit Inc. | Information Technology | Software - Application | 8.823e+10 | -51.69% | 18.76% | 15.63% | 12.1 | 20.13 | 4.27% | -13.93% | -49.05% | The market fears AI agents could disrupt tax and accounting software demand, which explains a drawdown rarely seen in this franchise. Its seasonal, high-retention tax business still compounds cash; a demonstrable AI strategy is the key catalyst to watch. |
| CHKP | Check Point Software Technologi | Information Technology | Software - Infrastructure | 1.41e+10 | -32.43% | 36.67% | 6.25% | 12.22 | 14.16 | 0.30% | 0.36% | -28.84% | Profitable cybersecurity vendor with high margins and recurring subscriptions, but growth has slowed versus pure-play cloud peers. The discount reflects a mature-growth profile; billings reacceleration or an AI-native security push would change the narrative. |
| ORCL | Oracle Corporation | Information Technology | Software - Infrastructure | 4.076e+11 | -57.04% | 40.72% | 17.35% | 12.32 | 23.07 | -5.72% | -24.06% | -54.43% | The de-rating is about financing the AI data-center backlog — heavy debt issuance and capex raise the question of returns on capital rather than demand. Cloud RPO growth is strong; credit-market conditions and capex discipline are the dominant risk factors. |
| HBM | Hudbay Minerals Inc. | Materials | Copper | 1.096e+10 | -24.00% | 17.47% | 9.39% | 12.34 | 14.86 | -4.12% | -2.76% | 42.34% | Copper and gold producer with growing production from the Copper World and Constancia expansion. The discount reflects base-metal price sensitivity; a copper supply deficit would be the primary re-rating driver, with permitting a key risk. |
| CRH | CRH PLC | Materials | Building Materials | 5.477e+10 | -37.34% | 16.43% | 5.27% | 12.44 | 14.54 | -5.05% | -27.47% | -30.70% | Infrastructure materials demand is being weighed down by soft US construction and a strong dollar, despite solid pricing. The long-cycle infrastructure and re-shoring spend thesis remains intact; volume recovery versus cost inflation is the near-term tension. |
| STX | Seagate Technology Holdings PLC | Information Technology | Computer Hardware | 1.571e+11 | -36.86% | 134.16% | 38.86% | 12.48 | 49.63 | -11.72% | 30.09% | 228.35% | Nearline HDD demand from AI data centers is surging, yet the shares have de-rated alongside the hardware complex on financing-availability fears. Pricing power and high-capacity drive mix are the fundamentals; the risk is a hyperscaler digestion phase. |
| NU | Nu Holdings Ltd. | Financials | Banks - Regional | 7.116e+10 | -21.48% | 25.79% | 43.44% | 12.88 | 20.18 | 6.66% | -4.54% | -1.21% | Latin American digital bank with strong customer and deposit growth; the drawdown reflects currency, rate-cycle and credit-quality concerns rather than a slowdown in member additions. Efficiency gains and improving net interest margin are the drivers. |
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