Value Stock Screener

A classic value screen — “show me stocks with a P/E under 15” — sounds simple, but run it against the whole market and you'll notice something strange: the results cluster almost entirely in banks, insurers, and energy producers. That's not because those are the best values in the market; it's because those sectors structurally trade at lower multiples than technology or healthcare, for reasons that have nothing to do with any individual stock being mispriced. An absolute P/E cutoff doesn't find cheap stocks — it finds cheap sectors, over and over, while ignoring genuine discounts hiding inside expensive-looking sectors.

The fix is to compare each stock's P/E to its own sector's median, not to a single market-wide number. A software company trading at 25× is cheap if its sector median is 34×, even though 25× would look expensive next to a utility. Tessera Alpha computes a median P/E for each of the 11 GICS sectors every week, then ranks stocks by how far below that sector median they trade. That produces a value screen spread across every corner of the market — industrials, healthcare, consumer names — instead of the same handful of financial and energy tickers every absolute-P/E screener returns.

Sector-relative value isn't the whole story, though. A stock can trade below its sector median for a good reason: deteriorating fundamentals, an accounting red flag, or a business in structural decline. That's why the table below pairs each discount with Tessera's composite quality score — profitability, balance-sheet strength, and consistency, on a 0-100 scale. The goal isn't just cheap; it's cheap and still a fundamentally sound business, which is the combination that separates a real value opportunity from a value trap.