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Undervalued Blue Chips

Big, established companies on modest multiples.

Large, established companies occasionally trade at valuations usually reserved for lesser businesses. This collection screens $10bn-plus names for a P/E of 15 or below and a reasonable price-to-book — quality at a discount — ranked by market cap.

411 stocksSorted by market capUpdated 16 Jul 2026

Why it matters

Big, established companies on modest multiples. It is best used as a valuation shortlist, not a buy list: the strongest candidates still need balance-sheet, cash-flow and competitive-position checks.

What to check next

Look for durable margins, sensible debt, cash conversion and whether the market is pricing in a temporary problem or a permanent decline.

Main risk

Cheap or high-quality screens can still contain value traps when earnings are peaking, accounting quality is poor or the business model is losing relevance.

Showing the 40 largest of 411 — sort or filter to explore the rest.

Company	Market Cap	Reward	Risk	Yield
JPMorgan Chase & CoJPM	$818.0B	—	—	1.9%
Bank of America CorpBAC	$377.0B	—	—	2.1%
Industrial and Commercial Bank of ChinaIDCBY	$371.6B	—	—	5.2%
Toyota Motor Corporation ADRTM	$315.9B	—	—	2.4%
PetroChina Co Ltd Class HPCCYF	$302.3B	—	—	38.2%
HSBC Holdings PLCHSBA	£216.8B	59	49	5.6%
China Construction Bank CorpCICHY	$277.9B	—	—	5.2%
Agricultural Bank of China PKACGBY	$275.9B	—	—	4.5%
Wells Fargo & CompanyWFC	$255.7B	—	—	2.0%
China Life Insurance Co LtdCILJF	$246.9B	—	—	2.2%
Agricultural Bank Of ChinaACGBF	$245.0B	—	—	4.8%
Shell PLC ADRSHEL	$236.2B	—	—	1.8%
Bank of China Ltd HBACHF	$222.3B	—	—	33.2%
Bank of China Ltd ADRBACHY	$213.9B	—	—	4.8%
Verizon Communications IncVZ	$211.5B	—	—	5.6%
Deutsche Telekom AG NaDTEGF	$202.3B	—	—	2.3%
AT&T IncT	$198.6B	—	—	4.0%
Deutsche Telekom AG ADRDTEGY	$197.7B	—	—	2.3%
Banco Santander SA ADRSAN	$182.5B	—	—	0.0%
Ping An InsurancePIAIF	$176.7B	—	—	26.5%
Allianz SEALIZF	$172.0B	—	—	3.8%
TotalEnergies SE ADRTTE	$170.6B	—	—	4.9%
Ping An Insurance Company of ChinaPNGAY	$167.8B	—	—	4.1%
Toronto Dominion BankTD	$164.0B	—	—	4.3%
China Merchants Bank Co LtdCIHKY	$160.0B	—	—	0.0%
China Shenhua Energy Co LtdCSUAY	$154.5B	—	—	8.0%
Softbank Group Corp.SFTBF	$150.2B	—	—	0.3%
UniCredit SpAUNCFF	$130.5B	—	—	4.3%
Investor AB ser. BIVSBF	$128.7B	—	—	1.5%
Chubb LtdCB	$126.6B	—	—	1.2%
State Bank of IndiaSBKFF	$125.5B	—	—	1.4%
British American Tobacco p.l.c.BTI	$124.3B	—	—	5.8%
Banco Bilbao Vizcaya Argentaria S.ABVA	£91.3B	66	40	4.8%
Investor AB (publ)IVSXF	$120.9B	—	—	0.0%
BNP Paribas SABNPQF	$120.8B	—	—	4.7%
Intesa Sanpaolo SpA PKISNPY	$120.3B	—	—	0.0%
Intesa Sanpaolo S.p.AIITSF	$119.4B	—	—	0.0%
Banco Bilbao Viscaya Argentaria SA ADRBBVA	$118.8B	—	—	5.1%
Comcast CorpCMCSA	$115.3B	—	—	4.2%
Prosus NV ADRPROSY	$112.8B	—	—	0.4%

JPMorgan Chase & CoJPM · $818.0B
Reward—Risk—Yield1.9%
Bank of America CorpBAC · $377.0B
Reward—Risk—Yield2.1%
Industrial and Commercial Bank of ChinaIDCBY · $371.6B
Reward—Risk—Yield5.2%
Toyota Motor Corporation ADRTM · $315.9B
Reward—Risk—Yield2.4%
PetroChina Co Ltd Class HPCCYF · $302.3B
Reward—Risk—Yield38.2%
HSBC Holdings PLCHSBA · £216.8B
Reward59Risk49Yield5.6%
China Construction Bank CorpCICHY · $277.9B
Reward—Risk—Yield5.2%
Agricultural Bank of China PKACGBY · $275.9B
Reward—Risk—Yield4.5%
Wells Fargo & CompanyWFC · $255.7B
Reward—Risk—Yield2.0%
China Life Insurance Co LtdCILJF · $246.9B
Reward—Risk—Yield2.2%
Agricultural Bank Of ChinaACGBF · $245.0B
Reward—Risk—Yield4.8%
Shell PLC ADRSHEL · $236.2B
Reward—Risk—Yield1.8%
Bank of China Ltd HBACHF · $222.3B
Reward—Risk—Yield33.2%
Bank of China Ltd ADRBACHY · $213.9B
Reward—Risk—Yield4.8%
Verizon Communications IncVZ · $211.5B
Reward—Risk—Yield5.6%
Deutsche Telekom AG NaDTEGF · $202.3B
Reward—Risk—Yield2.3%
AT&T IncT · $198.6B
Reward—Risk—Yield4.0%
Deutsche Telekom AG ADRDTEGY · $197.7B
Reward—Risk—Yield2.3%
Banco Santander SA ADRSAN · $182.5B
Reward—Risk—Yield0.0%
Ping An InsurancePIAIF · $176.7B
Reward—Risk—Yield26.5%
Allianz SEALIZF · $172.0B
Reward—Risk—Yield3.8%
TotalEnergies SE ADRTTE · $170.6B
Reward—Risk—Yield4.9%
Ping An Insurance Company of ChinaPNGAY · $167.8B
Reward—Risk—Yield4.1%
Toronto Dominion BankTD · $164.0B
Reward—Risk—Yield4.3%
China Merchants Bank Co LtdCIHKY · $160.0B
Reward—Risk—Yield0.0%
China Shenhua Energy Co LtdCSUAY · $154.5B
Reward—Risk—Yield8.0%
Softbank Group Corp.SFTBF · $150.2B
Reward—Risk—Yield0.3%
UniCredit SpAUNCFF · $130.5B
Reward—Risk—Yield4.3%
Investor AB ser. BIVSBF · $128.7B
Reward—Risk—Yield1.5%
Chubb LtdCB · $126.6B
Reward—Risk—Yield1.2%
State Bank of IndiaSBKFF · $125.5B
Reward—Risk—Yield1.4%
British American Tobacco p.l.c.BTI · $124.3B
Reward—Risk—Yield5.8%
Banco Bilbao Vizcaya Argentaria S.ABVA · £91.3B
Reward66Risk40Yield4.8%
Investor AB (publ)IVSXF · $120.9B
Reward—Risk—Yield0.0%
BNP Paribas SABNPQF · $120.8B
Reward—Risk—Yield4.7%
Intesa Sanpaolo SpA PKISNPY · $120.3B
Reward—Risk—Yield0.0%
Intesa Sanpaolo S.p.AIITSF · $119.4B
Reward—Risk—Yield0.0%
Banco Bilbao Viscaya Argentaria SA ADRBBVA · $118.8B
Reward—Risk—Yield5.1%
Comcast CorpCMCSA · $115.3B
Reward—Risk—Yield4.2%
Prosus NV ADRPROSY · $112.8B
Reward—Risk—Yield0.4%

Frequently asked questions

What is the Undervalued Blue Chips collection?

Big, established companies on modest multiples. It currently holds 411 stocks, each rated by Openbook's Reward and Risk scores. Large, established companies occasionally trade at valuations usually reserved for lesser businesses.

How are Undervalued Blue Chips stocks selected?

Constituents are chosen by a rules-based screen over the full UK and US common-stock universe, then ranked by market capitalisation.

How often is the Undervalued Blue Chips list updated?

It is rebuilt from live market data, so the constituents and their rankings update as prices and company fundamentals change — there is no fixed, hand-edited list.

How should I use the Reward and Risk ratings?

Openbook's Reward rating combines a stock's growth, momentum, profitability and valuation into a single 0–100 score, and the Risk rating scores financial strength, volatility and size. Use them to compare names within this theme — broadly, a higher Reward alongside a lower Risk is more attractive. They are quantitative research signals, not investment advice.

Openbook Reward and Risk ratings and factor scores are quantitative signals for research, not investment advice. Data may be delayed. Some US-listed names carry partial factor coverage.