Pullback growth large caps
Query: US large-cap stocks (market cap above 10 billion dollars) that pulled back more than 15% from their 52-week high but still have positive EPS growth and revenue growth, sorted by forward P/E · data as of 2026-10-29
Screened large caps (>$10B) trading ≥15% below 52-week highs while still growing EPS and revenue YoY; 220 names qualified, 45 cheapest by forward P/E shown (excluded 5 with missing/non-positive forward P/E), with row commentary and market-context notes.
220 large caps sit at least 15% below their 52-week high, and 215 of them still carry positive forward earnings; narrowing to names that are also growing diluted EPS and revenue year over year leaves a screen dominated by gold miners, banks, telecoms and cheap cyclicals. The 45 lowest forward-P/E names are shown, led by Korean utility KEP and Texas Pacific Land.
Large Caps Down 15%+ from Highs with Growing Earnings and Revenue — Cheapest Forward P/E First
| Symbol | Company | Sector | Industry | Market Cap ($B) | % from 52W High | Forward P/E | P/E (TTM) | EPS Growth (YoY) | Revenue Growth (YoY) | 1M Return | 6M Return | % Above 150D SMA | Momentum Potential | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEP | Korea Electric Power Corporatio | Utilities | Utilities - Regulated Electric | 16.6911 | -55.29% | 3.69 | 2.41 | 176.80% | 5.83% | -5.11% | -31.98% | -16.92% | 44.7 | State-owned Korean utility: the cheapest headline multiple on the list is really a bet on the Korean government's tariff policy and fuel-cost pass-through rather than a durable franchise. Rate reform that lets KEPCO earn a fair return on its grid capex is the catalyst; continued political pressure to keep household tariffs down is the risk. Look for the won and the annual tariff adjustment announcement, not the P/E. |
| TPL | Texas Pacific Land Corporation | Energy | Oil & Gas E&P | 22.6209 | -39.24% | 4.49 | 41.73 | 6.04% | 13.09% | 0.65% | -25.85% | -15.03% | 35.6 | Royalty and land owner in the Permian rather than an operator — near-100% gross margins and essentially no drilling capex mean earnings track crude and water-handling volumes with high operating leverage. The drawdown is a Permian activity and oil-beta repricing, so the multiple re-rates only if WTI holds and development gross acres keep growing. |
| HMY | Harmony Gold Mining Company Lim | Materials | Gold | 10.7399 | -39.59% | 4.71 | 9.89 | 67.45% | 20.39% | -8.73% | 2.55% | -6.46% | 88.9 | South African gold miner whose reported earnings exploded off a low base — the near-term multiple is a leverage-on-gold-price trade, not a quality multiple. Deep-level mining carries cost inflation, power availability and rand sensitivity; a gold price that flatlines would erase most of the earnings uplift. |
| FISV | Fiserv, Inc. | — | — | 25.78 | -61.58% | 5.93 | 9.29 | 9.75% | 3.60% | 7.30% | -22.62% | -7.87% | 8.4 | Payments processor in a deep, sentiment-driven de-rating tied to worries about merchant-client attrition and pricing pressure from new-age competitors, plus a leveraged balance sheet after large acquisitions. The value case rests on Clover and bank-partnership growth converting into durable free cash flow; the risk is that a low multiple on a decelerating revenue base is exactly right. |
| MU | Micron Technology, Inc. | Information Technology | Semiconductors | 1,057 | -23.01% | 6.03 | 21.13 | 997.56% | 48.85% | -12.27% | 80.71% | 8.99% | 98.2 | The one genuine mega-cap here: an AI memory cycle story where earnings are still inflecting hard and the stock has just gone through a violent momentum reset. HBM share and DRAM pricing are the swing factors — a supply response from rivals or an AI capex digestion phase is the obvious risk, but the balance-sheet and pricing power make this a quality cyclical rather than a value trap. |
| GFI | Gold Fields Limited | Materials | Gold | 31.2883 | -42.90% | 6.54 | 8.91 | 77.68% | 15.57% | -2.77% | -15.45% | -10.41% | 38.7 | South African gold producer with long-life, low-cost mines — the earnings jump is gold price translation. Cost discipline and mine-life extensions at South Deep are the differentiators; the shares carry country risk (power, labour, currency) that a US-listed investor pays for cheaply but cannot hedge. |
| UAL | United Airlines Holdings, Inc. | Industrials | Airlines | 34.1821 | -22.70% | 6.81 | 9.85 | 6.48% | 3.52% | -5.17% | 16.90% | -3.86% | 48.2 | Premium-cabin mix and international demand have repaired earnings, but airlines are perpetually cheap for a reason: fuel, labour contracts and capacity discipline. The setup is a domestic supply backdrop that stays tight; the risk is a fare war if a competitor adds seats into a slowing economy. |
| CDE | Coeur Mining, Inc. | Materials | Gold | 14.4322 | -48.29% | 6.81 | 11.8 | 894.69% | 96.41% | -20.23% | -21.78% | -21.17% | 78.6 | Silver and gold miner that went through a transformational expansion — the reported earnings growth is off a nearly break-even base, so the forward multiple flatters. Real question is whether the newly built mines hit nameplate throughput; silver's weak recent tape is a direct earnings headwind given the revenue mix. |
| AA | Alcoa Corporation | Materials | Aluminum | 10.5273 | -52.39% | 6.88 | 8.29 | 1828.33% | 7.87% | -4.78% | -37.08% | -27.20% | 29.7 | Aluminum and alumina pricing plus energy costs drive everything here. Tariff policy on aluminum imports is the double-edged catalyst: it supports US realizations while raising input costs and inviting retaliation. Watch the alumina supply response and any smelter curtailments. |
| LTM | LATAM Airlines Group S.A. | Industrials | Airlines | 16.3497 | -35.79% | 6.96 | 8.13 | 49.73% | 11.16% | -11.89% | -10.15% | -14.39% | 63.6 | LATAM is the post-bankruptcy operating story: unit costs down, premium demand strong, and a real strategic partner in Delta. Latin American currency and fuel volatility are the persistent discount; the equity is a levered cyclical earnings story that needs a stable Brazilian real and disciplined capacity. |
| SHG | Shinhan Financial Group Co Ltd | Financials | Banks - Regional | 31.3831 | -22.00% | 7.06 | 8.56 | 1.79% | 20.76% | -15.17% | -1.35% | -6.47% | 96.4 | Korean bank trading near tangible-book discount with a shareholder-return push (buybacks and cancellation) that is structurally better than it was a few years ago. The discount reflects Korea politics, property credit and net-interest-margin compression as rates fall — the 'value-up' policy follow-through is the catalyst. |
| UHS | Universal Health Services, Inc. | Health Care | Medical Care Facilities | 10.4088 | -27.67% | 7.33 | 7.21 | 29.93% | 9.71% | 1.35% | 5.22% | 5.54% | 17.6 | Hospital operator with a strong behavioral-health franchise and dependable cash generation; the cheapness reflects Medicaid supplemental-payment changes and payer mix risk more than any operational problem. Payer reimbursement policy and any ACA-subsidy disruption are the things that actually move the stock. |
| PCG | Pacific Gas & Electric Co. | Utilities | Utilities - Regulated Electric | 39.7213 | -30.77% | 7.34 | 9.52 | 7.60% | 2.11% | 8.00% | -19.84% | -16.64% | 6 | Wildfire liability and the associated capital and regulatory overhang explain most of the discount; underlying rate-base growth from grid hardening is genuinely constructive. Utility valuations are duration-sensitive, so a softer long-end yield backdrop plus a resolution of the liability narrative is the re-rating path. |
| FSLR | First Solar, Inc. | Information Technology | Solar | 19.0103 | -44.42% | 7.66 | 18.07 | 18.28% | 24.09% | 0.99% | -12.38% | -17.97% | 54.7 | First Solar's discount is policy-risk pricing: Section 45X manufacturing credits and the domestic-content premium are worth a large share of earnings, so any change in the incentive regime hits the multiple. Booked-order backlog and new capacity ramp are the offsets — a catalyst-driven name, not a steady compounder. |
| T | AT&T Inc. | Communication Services | Telecom Services | 140.927 | -28.11% | 8.16 | 6.9 | 90.86% | 2.71% | -13.29% | -17.95% | -12.52% | 14.2 | Telecom with a fiber and wireless convergence story; the earnings growth comparison is against a heavily impaired base, so the headline number overstates the underlying trajectory. Dividend coverage and free cash flow after network spend are the real yardsticks — competition from cable and fixed-wireless pricing is the persistent drag. |
| VICI | VICI Properties Inc. | Real Estate | REIT - Diversified | 26.9984 | -19.95% | 8.2 | 9.5 | 3.58% | 4.08% | 6.75% | -12.98% | -4.91% | 37.7 | Net-lease casino REIT with contractual escalators and almost no near-term maturities, so the cash flow is very bond-like — which is why it trades on the long end of the curve rather than on operations. Tenant concentration and regional gaming weakness are the main risks; a falling 10-year is the direct tailwind. |
| SAN | Banco Santander, S.A. Sponsored | Financials | Banks - Diversified | 193.8627 | -21.93% | 8.22 | 11.52 | 12.78% | 0.03% | -15.04% | -2.42% | -11.33% | 60.5 | European retail-and-consumer bank with a well-capitalized balance sheet and buybacks; like all the banks on this list, the multiple is a rate and credit-cycle call rather than a stock-picking one. LatAm exposure (Brazil, Mexico) adds currency and political risk on top of European margin compression. |
| LYG | Lloyds Banking Group Plc | Financials | Banks - Regional | 87.2791 | -16.40% | 8.24 | 12.21 | 6.25% | 7.88% | -6.75% | -2.18% | -6.30% | 67.6 | UK mortgage-centric bank: cheap on tangible book, exposed to deposit repricing and any Bank of England easing that compresses net interest income. The structural motor and auto-finance provisioning noise is mostly behind it; UK property and consumer credit are the variables that matter. |
| FUTU | Futu Holdings Limited | Financials | Capital Markets | 14.2255 | -49.02% | 8.3 | 11.22 | 107.88% | 67.78% | -8.21% | -34.33% | -13.01% | 91.2 | Online brokerage for affluent Asian investors whose earnings track Hong Kong and US trading activity and client asset inflows. That makes the result highly sensitive to Chinese equity sentiment — the recent weakness in China-linked themes is the direct cause of the drawdown. Overseas expansion is the medium-term option value. |
| TME | Tencent Music Entertainment Gro | Communication Services | Internet Content & Information | 13.6411 | -63.84% | 8.36 | 9.85 | 36.19% | 2.34% | 5.55% | -8.72% | -5.21% | 27.9 | China's dominant music platform: subscription monetization is progressing but the earnings power is constrained by label-licensing costs and regulatory pricing pressure. Social-entertainment revenue is a lower-quality profit stream, which is why the market applies a deep China-consumption discount. |
| MT | Arcelor Mittal NY Registry Shar | Materials | Steel | 48.2187 | -21.53% | 8.45 | 25.96 | 135.00% | 20.93% | -7.42% | 8.49% | -6.00% | 50.4 | Global steel with a large developing-market footprint; earnings swing with spreads, Chinese export volumes and tariff regimes, so the low multiple is a peak-margin discount rather than a mispricing. A European manufacturing recovery and infrastructure spend are the upside optionality. |
| HBAN | Huntington Bancshares Incorpora | Financials | Banks - Regional | 32.1857 | -17.13% | 8.51 | 12.28 | 13.72% | 6.40% | 4.65% | -2.90% | -2.62% | 35.6 | Midwest-focused regional bank that has leaned into organic growth and an expanded footprint; the discount reflects credit-quality nerves around commercial real estate and the deposit-cost squeeze. A steeper curve and a benign credit cycle are the earnings levers. |
| PAAS | Pan American Silver Corp. | Materials | Gold | 20.6461 | -40.68% | 8.65 | 12.06 | 767.26% | 28.38% | -10.46% | -21.54% | -17.67% | 67.9 | Silver-heavy precious metals producer — the reported earnings surge is metal-price driven and off a low base. The shares are the highest-beta way to play a silver upcycle, which also makes them the most exposed if industrial demand for silver weakens; mining cost inflation in Latin America is the persistent issue. |
| ZTO | ZTO Express (Cayman) Inc. | Industrials | Integrated Freight & Logistics | 15.0832 | -23.18% | 8.79 | 11.69 | 8.47% | 15.74% | 2.37% | -21.79% | -12.07% | 5.9 | Best-in-class Chinese express delivery operator; the drawdown tracks Chinese consumption softness, parcel-pricing competition and the general China-country discount rather than execution. Cost leadership and package-volume normalization are the drivers — a China risk-on turn has historically re-rated it violently. |
| B | Barrick Mining Corporation | Materials | Gold | 67.7526 | -27.01% | 8.79 | 9.99 | 131.67% | 31.22% | -4.92% | -1.29% | -5.08% | 86.4 | The gold major here with the strongest operating record: tier-one portfolios, falling net debt and a real capital-returns commitment. The multiple stays low because gold miners are structurally discounted for capex inflation and country risk (Mali, Tanzania); a stable-to-higher gold price plus disciplined growth spending is the compounder case. |
| RCI | Rogers Communication, Inc. | Communication Services | Telecom Services | 19.594 | -23.19% | 8.98 | 3.83 | 298.27% | 3.22% | 2.18% | -11.94% | -8.68% | 23.2 | Canadian telecom leveraged into a big infrastructure build-out; cable-and-wireless competition, regulated wholesale rates and a heavy debt load all weigh on the multiple. Dividend safety is the real question for a leveraged-yield buyer; a rate-driven refinancing tailwind would help. |
| JBS | JBS N.V. | Consumer Staples | Packaged Foods | 13.0223 | -33.98% | 8.99 | 11.36 | 13.32% | 11.66% | 7.71% | -18.22% | -8.50% | 8.1 | Protein producer: earnings track beef and chicken spreads, grain costs and export access. The drawdown reflects commodity-cycle caution plus the free-float overhang from its Dutch listing structure; supply discipline in US cattle and a normalized grain complex are the upside levers. |
| ADBE | Adobe Inc. | Information Technology | Software - Application | 96.5683 | -30.60% | 9.02 | 14.2 | 28.24% | 10.53% | 3.41% | 0.82% | 1.65% | 81.5 | The cheapest cheap name here and the most interesting: an excellent business whose de-rating is about AI-native creative tools eroding seat pricing, not about weak current fundamentals. That makes it a genuine 'multiple compression vs. business model' debate — CEO transition and any subscription-guide stabilisation are the catalysts to watch, and the trend has already started to turn up. |
| TCOM | Trip.com Group Limited | Consumer Discretionary | Travel Services | 25.1945 | -51.17% | 9.11 | 5.75 | 102.33% | 22.23% | -1.38% | -28.87% | -14.94% | 30 | China's leading online travel platform: outbound demand is recovering but the earnings are exposed to Chinese consumer confidence and take-rate competition from domestic platforms. The low multiple is a China-consumption discount with optionality on a stimulus-driven travel rebound. |
| EIX | Edison International | Utilities | Utilities - Regulated Electric | 22.8503 | -26.13% | 9.12 | 6.13 | 204.08% | 9.76% | 12.33% | -12.11% | -10.39% | 12.7 | California utility repriced for wildfire liability and rate-case outcomes; the earnings comparison flags a liability-cycle base effect. Constructive rate-base investment and grid hardening drive the long-term value, while any large adverse fire finding or disallowed cost recovery is the risk. |
| AGI | Alamos Gold Inc. | Materials | Gold | 15.2615 | -47.89% | 9.43 | 10.33 | 211.57% | 34.29% | -10.99% | -27.65% | -19.99% | 35.3 | Canadian gold miner with low-cost, long-life assets and a clean balance sheet — operationally one of the better-run gold names, which is why it holds a premium multiple versus peers even after the drawdown. Island Gold expansion and cost control are the value drivers. |
| GSK | GSK plc | Health Care | Drug Manufacturers - General | 101.5358 | -20.43% | 9.48 | 15.26 | 113.11% | 4.11% | 1.06% | -5.24% | -4.76% | 21.7 | Pharma whose earnings comparison reflects a favourable base after restructuring; the debate is pipeline replacement as key franchises lose exclusivity and vaccine guidance wobbles. A UK-listed ADR with a high dividend — the risk is litigation and US pricing pressure, the reward is a cheap specialty-care pipeline. |
| SBS | Companhia de saneamento Basico | Utilities | Utilities - Regulated Water | 16.3628 | -34.48% | 9.61 | 10.31 | 171.87% | 41.35% | -12.62% | -31.01% | -18.83% | 50.9 | Brazilian water and sanitation utility: low-risk regulated returns supported by a national universalization mandate, but the ADR compounds Brazilian real, local political risk and rate-case timing. A rate-cut cycle in Brazil is the cleanest re-rating catalyst. |
| BAC | Bank of America Corporation | Financials | Banks - Diversified | 354.0266 | -21.09% | 9.66 | 11.81 | 13.11% | 6.84% | -6.04% | -3.35% | -8.58% | 69.6 | Largest bank on the list; discount reflects expectations for net interest margin compression as deposit costs and falling rates bite, plus fair-value losses in the securities book. Consumer-credit normalization and capital-return announcements are what will drive the shares, not the headline multiple. |
| PYPL | PayPal Holdings, Inc. | Financials | Credit Services | 47.306 | -18.27% | 9.83 | 10.77 | 26.19% | 4.32% | 8.41% | 14.24% | 11.97% | 72.4 | The setup here is brand-value and new management: branded-checkout and Braintree/venmo monetization are the levers, while competitive pricing pressure from platform-native payments is the fear. Free-cash-flow conversion remains strong, which supports buybacks — a classic low-multiple turnaround with an already-rising trend. |
| DECK | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | 11.2704 | -31.57% | 9.9 | 11.77 | 6.00% | 9.76% | 5.91% | -19.02% | -14.16% | 54.4 | Hoka's growth is intact but the multiple was always the issue; the drawdown is a discount-commerce/consumer-spending repricing of a high-quality footwear brand. Tariffs on Asian sourcing and the pace of Hoka's new-style launches are the swing factors. |
| EXE | Expand Energy Corporation | Energy | Oil & Gas E&P | 20.8878 | -26.41% | 10.18 | 7.8 | 354.76% | 186.28% | 7.55% | -10.39% | -2.80% | 31.6 | Natural-gas E&P: earnings levered to gas and NGL prices, which explains the enormous reported growth off a depressed base. The gas-strip and LNG-export demand growth into the next several years are the thesis; the risk is a warm winter or a supply glut, and the multiple is uninformative at this point in the cycle. |
| BCE | BCE, Inc. | Communication Services | Telecom Services | 22.1102 | -24.16% | 10.45 | 4.13 | 1637.07% | 4.60% | -1.38% | -13.39% | -10.38% | 16.9 | Canadian telecom with a large dividend and heavy debt — the trailing multiple is tiny because reported earnings carry impairments, which the forward multiple smooths over. Fibre-and-wireless competition plus a hostile regulatory stance on wholesale access are the persistent overhangs; dividend coverage matters more than any P/E. |
| LVS | Las Vegas Sands Corp. | Consumer Discretionary | Resorts & Casinos | 23.9909 | -46.70% | 10.51 | 14.36 | 6.51% | 15.22% | -2.04% | -31.34% | -20.21% | 7.2 | Macau and Singapore casino operator where earnings track Chinese VIP and mass-market visit volumes; the drawdown is a China-consumer and Macau-regulatory repricing. Singapore's ramp and any Macau concession/licensing developments are the catalysts; the balance sheet is no longer the problem it once was. |
| NU | Nu Holdings Ltd. | Financials | Banks - Regional | 58.2098 | -35.77% | 10.54 | 16.51 | 91.37% | 43.44% | -4.82% | -16.78% | -13.46% | 75.6 | Latin America's leading digital bank: fastest organic growth on this list, with the discount reflecting a Brazil-rate and credit-quality repricing rather than the deposit franchise. Net-interest-margin compression as Selic falls is the near-term headwind; Mexico expansion is the option value. |
| NTES | NetEase, Inc. | Communication Services | Electronic Gaming & Multimedia | 71.7801 | -24.03% | 10.57 | 14.28 | 20.05% | 11.65% | -7.48% | -3.65% | -6.93% | 86.5 | NetEase's earnings are gaming-led and hit-driven — the China regulatory backdrop and new title releases matter far more than any multiple. A strong pipeline and a large balance sheet support the value case, but a gaming-licensing stumble or an in-game monetization rule change is the recurring risk. |
| NEM | Newmont Corporation | Materials | Gold | 116.1818 | -17.27% | 10.57 | 14.1 | 111.98% | 21.34% | -3.07% | 1.08% | 0.98% | 91.9 | The largest gold producer: strong free cash flow, tier-one asset sales behind it and a shareholder-return focus. It is still, correctly, valued as a gold-price producer rather than a compounder — the argument for owning it is gold-price exposure with better liquidity and lower jurisdictional risk than the juniors here. |
| CCL | Carnival Corporation Ltd. | Consumer Discretionary | Travel Services | 38.7786 | -15.15% | 10.93 | 12.99 | 10.50% | 6.40% | 17.52% | 10.03% | 9.61% | 49.3 | Cruise demand remains strong and pricing is the highest-quality part of the travel complex, with record bookings; the drawdown is a consumer-spending and fuel-cost scare. Net-debt reduction and improving returns on invested capital are the medium-term re-rating drivers. |
| LDOS | Leidos Holdings, Inc. | Information Technology | Information Technology Services | 17.6969 | -29.33% | 11.03 | 13.18 | 16.87% | 3.07% | 15.75% | -4.85% | 9.73% | 55.3 | Government services contractor with steady, well-funded backlog; the de-rating came from a large loss-making legacy services program and a reset in profit expectations. Program remediation and the new management's margin plan are the catalyst — the multiple reflects something closer to an execution discount than a growth story. |
| FOXA | Fox Corporation | Communication Services | Entertainment | 26.595 | -15.24% | 11.09 | 16.8 | 47.55% | 16.60% | 2.97% | 2.06% | 3.99% | 66.3 | Broadcast and Tubi: the ad market plus a clean balance sheet support cash returns, while the discount reflects cord-cutting and an absence of scale in streaming. Political-ad cycles and the Tubi monetization ramp are the swing factors; sports rights costs are the long-run margin risk. |
Screen Notes
What this screen is really showing
- 220 large caps sit at least 15% below their 52-week high. Nearly all of them still have a positive forward P/E (215), so cheapness isn't the filter — the filter is that EPS and revenue are both still growing into the drawdown. That combination usually means the market is discounting something other than current earnings.
- Four discount categories dominate the list: (1) commodity-cyclical peak-earnings fear — nearly a dozen gold, silver, aluminum, steel and gas names whose explosive EPS growth is pure price translation; (2) rate and credit anxiety — US, UK, European, Korean and LatAm banks all clustered in the single-digit forward multiple range; (3) policy risk — utilities carrying wildfire or tariff exposure, solar names dependent on manufacturing credits, Chinese ADRs carrying a country discount; and (4) narrative break — a handful of genuinely high-quality franchises (design software, payments, footwear, semiconductors) where the de-rating is about future relevance rather than current numbers.
What to be careful about
- A low forward P/E on a cyclical means the denominator is near a peak. Anything showing a triple-digit EPS growth rate is almost always measured off a depressed base, and the 'cheap' multiple can unwind fast if the commodity or spread normalizes.
- The tape currently pays momentum and punishes deep oversold: overbought stocks have averaged double-digit monthly gains while oversold names have lost a similar amount. That makes the names here trading above their 150-day average — a short list — more interesting than the ones 20-40% below it, where the base has not yet formed.
- Prefer cheap cash-flow-generative names with identifiable catalysts (contract renewals, buybacks, rate cuts, commodity strips) over cheap names where the only catalyst is 'it can't get cheaper'.
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