Are These The FTSE 100's Best Valued Stocks?

Updated
Aviva head office
Aviva head office

Today I'm looking at three FTSE 100 (INDEXFTSE: UKX) giants offering spectacular bang for your buck.

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Global giant

With new business surging in from across the globe, I reckon Aviva(LSE: AV) is in terrific shape to deliver resplendent shareholder returns in the near term and beyond.

The insurance giant is benefitting from improving market conditions in its mature British and Canadian marketplaces, while its presence in Asia and Eastern Europe provides terrific growth opportunities for the years ahead. And of course the recent acquisition of Friends Life bolsters Aviva's position in the expanding life insurance and pensions segment.

City analysts expect earnings at Aviva to double in 2016, resulting in a mega-cheap P/E rating of 8.7 times -- any reading below 10 times is widely considered a bargain. And predictions of a 9% bottom-line swell next year drive the earnings multiple to a mere 8.1 times.

Meanwhile, income seekers will welcome projected dividends of 23.7p and 26.8p for 2016 and 2017, respectively. These figures yield a market-bashing 5.4% and 6.1%.

Bargain basement

I'm convinced Britain's enduring housing crisis should continue to play into the hands of construction plays like Barratt Developments (LSE: BDEV).

Of course the introduction of strict rules on landlords threatens to slow the breakneck growth in home values. Still, I reckon property values should continue rising at a terrific rate as favourable lending conditions for first-time buyers -- combined with rising wage levels -- continue to propel homes demand through the roof.

The number crunchers agree and Barratt Developments is predicted to enjoy a 19% earnings bounce in the year to June 2016, producing a P/E ratio of just 9.4 times. And the multiple slips to a mere 8.5 for 2017 thanks to a predicted 11% earnings advance.

Not surprisingly dividends at Barratt Developments are expected to keep pumping higher, too. An estimated 29.7p per share reward for 2016 yields a brilliant 5.8% -- annihilating the FTSE 100 average that stands closer to 3.5% -- while next year's predicted 36.7p dividend yields a storming 7.2%.

Soaring higher

Like Barratt Developments, budget travel specialist easyJet(LSE: EZJ) has a sterling record when it comes to generating chunky earnings growth year after year.

And in my opinion the Luton flyer is in great shape to keep this trend going. Despite the impact of recent air strikes and terrorism on the continent, easyJet saw passenger numbers rise by a robust 4.3% in March, to 5.7m. I expect these numbers to keep climbing as the airline ramps up the number of routes it operates.

Against this backcloth the City expects easyJet to record earnings advances of 6% and 15% for the periods to September 2016 and 2017. These figures throw up ultra-cheap P/E multiples of 9.7 times and 8.5 times.

And the company's strong profits outlook is expected to drive an estimated dividend of 59.6p per share for the current period to 70.7p for next year. Consequently easyJet carries monster yields of 4.1% and 4.9% for 2016 and 2017, respectively.

But easyJet et al aren't the only blue-chip marvels waiting to deliver stunning shareholder gains.

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Royston Wild has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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