List of low P/B stocks with ROE 8% or higher

Toyo Keizai carefully selected 500 stocks from approximately 3,900 companies listed domestically, focusing on those considered promising based on stock price and performance. The list was further refined to include companies with a PB below 1.

I additionally selected stocks with a ROE of around 8x or higher (8 being the average for TSE-listed companies). My rationale is that companies achieving an ROE of 8x demonstrate a management focus on improving capital efficiency.

My list which is available for my clients includes metrics such as PB, PE, ROE, and an estimated OP growth. As always, I welcome your feedback. Should I consider including companies with significantly lower ROE if they show potential for improvement? Should I remove low liquidity stocks? Also, please let me know if there are any stocks you’d like me to analyze in more detail. You are not my client yet?  Please become one!