Today I'm running the rule over four FTSE 100 (INDEXFTSE: UKX) stars trading far too cheaply.
Fears of slowing advertising sales have whacked ITV(LSE: ITV) in recent months, the stock shedding 24% of its value since 2016 kicked off. And investors are right to be concerned -- the business has predicted flat ad revenues for January to June as the Brexit debate deters advertisers.
Still, the long-term outlook for advertising revenues remains strong across ITV, while ITV Studios' ambitious global expansion scheme also promises to drive the bottom line higher.
And I reckon this year's price weakness makes ITV a bargain at current share prices. Predicted earnings rises of 5% and 7% for 2016 and 2017, respectively, create decent P/E ratings of 12.4 times and 11.5 times.
And the broadcaster offers chunky dividend yields of 3.4% and 4% for these years.
Asset manager Standard Life's (LSE: SL) share price has shrunk 15% since the beginning of January, the impact of massive financial market volatility crimping market appetite.
Still, Standard Life has managed to dodge the problems affecting many of its peers, and group assets under management clocked in at £314bn as of March, it advised last month. This is up from £307.4bn at the close of 2015.
And I expect the financial giant's hefty global footprint to deliver resplendent returns once current economic troubles abate -- indeed, Standard Life saw net inflows from Asia Pacific treble to £1.2bn last year.
Predicted earnings rises of 96% in 2016 and 11% next year result in very-attractive P/E ratios of 12.2 times and 11.2 times. And income chasers should be drawn in by yields of 6% and 6.5% for these periods.
Set to soar
I'm convinced that surging travel demand makes International Consolidated Airlines (LSE: IAG) a brilliant selection for long-term investors.
Rising transatlantic traffic continues to power revenues for the British Airways operator, while IAG's weighty exposure to the exploding budget segment through Vueling and more recently Aer Lingus is also delivering hefty returns.
And a 15% share price decline so far in 2016 makes the flyer terrific value, in my opinion.
Indeed, the London firm deals on a mega-low P/E rating of six times for 2016, thanks to a predicted 51% earnings advance. And the multiple topples to an unbelievable 5.3 times for next year as the bottom line is predicted to bounce 13% higher.
Furthermore, dividend yields of 4.1% and 4.8% for 2016 and 2017, respectively, should more than satisfy income seekers.
Insurance giant Aviva(LSE: AV) has also nursed heavy double-digit losses in 2016, the stock falling 14% since the start of January.
This comes despite the company pulling up trees across the globe. Aviva saw new business surge by almost a quarter last year at constant currencies, including a 30% rise in its critical UK and Ireland marketplace, to £625m.
With activity in Asia also hotting up, and Aviva's European operations also steadily improving, the insurer is predicted to see earnings rise 106% and 8% in 2016 and 2017. Consequently Aviva changes hands on modest P/E ratings of 8.8 times and 8 times for these years.
And bulky dividend yields of 5.4% for 2016 and 6% for 2017 underline Aviva's position as an exceptional value stock, in my opinion.
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.