What’s the cheapest share in the FTSE 100 on a forecast P/E basis? Don’t check it out, guess. Yes I know, I hate these silly games too.
If you weren’t fully aware of the state of major shares you might think a housebuilder, or a bank perhaps. Both of those sectors are rated pretty cheaply – though I’m no making no comment on whether that cheapness is deserved or not. But it may surprise some to learn that the most beaten down sector of all right now is big mining. Three of its constituents are actually the lowest three P/E shares in the index and not far behind comes the rest of the sector….
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