Mega-cap value — what the screen found 2026-09-24

Among the 40 companies passing today’s 'Mega-cap value' screen¹, The Allstate Corporation (ALL) stands out with a trailing P/E of just 4.31². This makes it one of the cheapest mega-cap names, given the median trailing P/E among the matches is 12.13³. Comcast Corp (CMCSA) and AT&T Inc. (T) follow closely with trailing P/Es of 7.46⁴ and 7.55, respectively, while Honeywell International (HON) has a trailing P/E of 8.20⁵.

Notably, passing this screen does not establish these companies as good buys or guarantee future performance. The screen is merely a filter indicating that these large-cap names are relatively cheap compared to their peers on one specific date. It leaves out numerous other factors such as earnings quality, balance sheet strength, and competitive positioning.

These results highlight the scarcity of truly cheap mega-caps; among the 2407 companies with relevant data⁶, only 40 passed this stringent test. The screen does not account for broader market conditions or individual company dynamics, so investors should conduct further analysis before making any decisions based on these results.