{"id":220625,"date":"2026-08-27T11:04:04","date_gmt":"2026-08-27T05:34:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=220625"},"modified":"2026-08-27T11:04:05","modified_gmt":"2026-08-27T05:34:05","slug":"cable-stocks-below-fair-value","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/","title":{"rendered":"2 Undervalued Cable Stocks Trading Below Fair Value"},"content":{"rendered":"<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Cable sector PE near 50. Polycab India trades at 47.1x. Finolex Cables at 24.6x. Both are debt free with double digit ROE.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Two cable stocks, Polycab India and Finolex Cables, are trading below the sector&#8217;s average price to earnings ratio of close to 50 times despite both being debt free with double digit return on equity. Polycab India, the larger of the two by market capitalisation, trades just under the sector multiple with a return on equity of 22.25 percent, while Finolex Cables trades at a much steeper discount with a return on equity of 11.73 percent. This gap between valuation and scale is why these cable stocks stand out on a simple sector screen, though a formal buy rating needs deeper company specific research.<\/p>\n<\/div>\n<p>India&#8217;s wires and cables industry has grown steadily on the back of housing construction, electrification schemes and industrial capex, though input costs tied to copper prices remain a swing factor for margins. Not every stock in the space carries the same rich multiple. A screen of listed cable stocks against the sector&#8217;s average price to earnings ratio surfaces two established names still priced below that benchmark.<\/p>\n<p>Polycab India and Finolex Cables both currently trade below the broader cable industry PE, despite maintaining double digit return on equity and debt free balance sheets. This piece breaks down why each stock screens as undervalued, what the underlying financials show, and the risks that come with owning wire and cable manufacturers.<\/p>\n<p style=\"margin-top: 24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=undervalued_cable_articles\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Why_These_Cable_Stocks_Screen_as_Undervalued\" title=\"Why These Cable Stocks Screen as Undervalued\">Why These Cable Stocks Screen as Undervalued<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Polycab_India_Sector_Leader_Just_Under_the_Multiple\" title=\"Polycab India: Sector Leader Just Under the Multiple\">Polycab India: Sector Leader Just Under the Multiple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Finolex_Cables_Widest_Discount_to_the_Sector_Average\" title=\"Finolex Cables: Widest Discount to the Sector Average\">Finolex Cables: Widest Discount to the Sector Average<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Valuation_Snapshot_PE_PB_and_Dividend_Yield\" title=\"Valuation Snapshot: PE, PB and Dividend Yield\">Valuation Snapshot: PE, PB and Dividend Yield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Risks_to_Consider_Before_Buying_These_Cable_Stocks\" title=\"Risks to Consider Before Buying These Cable Stocks\">Risks to Consider Before Buying These Cable Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Copper_Price_Volatility\" title=\"Copper Price Volatility\">Copper Price Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Real_Estate_and_Construction_Cyclicality\" title=\"Real Estate and Construction Cyclicality\">Real Estate and Construction Cyclicality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Competitive_Intensity\" title=\"Competitive Intensity\">Competitive Intensity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Working_Capital_Intensity\" title=\"Working Capital Intensity\">Working Capital Intensity<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#How_to_Track_These_Cable_Stocks\" title=\"How to Track These Cable Stocks\">How to Track These Cable Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#FAQs_on_Undervalued_Cable_Stocks\" title=\"FAQs on Undervalued Cable Stocks\">FAQs on Undervalued Cable Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Which_cable_stocks_are_trading_below_the_sector_average_PE\" title=\"Which cable stocks are trading below the sector average PE?\">Which cable stocks are trading below the sector average PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Is_Polycab_India_undervalued_compared_to_its_sector\" title=\"Is Polycab India undervalued compared to its sector?\">Is Polycab India undervalued compared to its sector?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Why_does_Finolex_Cables_trade_at_such_a_wide_discount\" title=\"Why does Finolex Cables trade at such a wide discount?\">Why does Finolex Cables trade at such a wide discount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#What_is_the_market_capitalisation_of_Polycab_India\" title=\"What is the market capitalisation of Polycab India?\">What is the market capitalisation of Polycab India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Are_these_cable_stocks_debt_free\" title=\"Are these cable stocks debt free?\">Are these cable stocks debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#What_are_the_main_risks_in_undervalued_cable_stocks\" title=\"What are the main risks in undervalued cable stocks?\">What are the main risks in undervalued cable stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/cable-stocks-below-fair-value\/#Is_a_low_PE_enough_reason_to_buy_a_cable_stock\" title=\"Is a low PE enough reason to buy a cable stock?\">Is a low PE enough reason to buy a cable stock?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_Cable_Stocks_Screen_as_Undervalued\"><\/span><strong>Why These Cable Stocks Screen as Undervalued<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The cable industry currently carries an average price to earnings ratio of close to 50 times trailing earnings, reflecting steady demand growth and brand pricing power among the larger players. A stock trading meaningfully below that average, while still posting double digit return on equity and carrying no debt, is a reasonable starting point for a relative valuation screen.<\/p>\n<p>Both companies below clear that bar, though by different margins. Polycab India sits only just under the sector multiple, while Finolex Cables trades at less than half of it, a distinction worth keeping in mind among cable stocks that screen as undervalued on a headline basis.<\/p>\n<p>The table below lists these two companies alongside their current price, valuation multiple and return ratios.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>NSE Ticker<\/th>\n<th>CMP (Rs)<\/th>\n<th>PE Ratio<\/th>\n<th>Sector PE<\/th>\n<th>ROE<\/th>\n<th>Market Cap (Rs Cr)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Polycab India<\/td>\n<td>POLYCAB<\/td>\n<td>8,959.50<\/td>\n<td>47.06<\/td>\n<td>50.13<\/td>\n<td>22.25%<\/td>\n<td>1,36,739<\/td>\n<\/tr>\n<tr>\n<td>Finolex Cables<\/td>\n<td>FINCABLES<\/td>\n<td>1,289.85<\/td>\n<td>24.58<\/td>\n<td>50.13<\/td>\n<td>11.73%<\/td>\n<td>19,669<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Polycab_India_Sector_Leader_Just_Under_the_Multiple\"><\/span><strong>Polycab India: Sector Leader Just Under the Multiple<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Polycab India is the country&#8217;s largest wires and cables manufacturer, with a growing presence in fast moving electrical goods as well. The stock trades at a price to earnings ratio of 47.06, marginally below the sector average of 50.13, at a current price of around Rs 8,960.<\/p>\n<p>Return on equity of 22.25 percent is the highest of the two cable stocks in this list, supported by a debt to equity ratio of just 0.02. On an EPS of Rs 192.82 and book value of Rs 796.85, the price to book multiple works out to 11.39, a premium that reflects its scale and brand strength even at a discount to the sector PE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Finolex_Cables_Widest_Discount_to_the_Sector_Average\"><\/span><strong>Finolex Cables: Widest Discount to the Sector Average<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Finolex Cables manufactures electrical and communication cables, with a strong presence in the retail electrical wiring segment. Its price to earnings ratio of 24.58 is less than half the sector average of 50.13, at a current share price of around Rs 1,290.<\/p>\n<p>Return on equity of 11.73 percent is lower than Polycab India, though the company remains completely debt free with a debt to equity ratio of 0.00. On an EPS of Rs 52.32 and book value of Rs 397.93, the price to book multiple of 3.23 is far lower than Polycab India&#8217;s, underscoring the scale of the valuation gap between the two.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Snapshot_PE_PB_and_Dividend_Yield\"><\/span><strong>Valuation Snapshot: PE, PB and Dividend Yield<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the headline price to earnings ratio, book value multiples and dividend yield tell two different stories for these cable stocks. Polycab India commands a much richer price to book multiple despite trading at a discount on earnings, while Finolex Cables looks cheaper on nearly every metric.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Price to Book<\/th>\n<th>Book Value (Rs)<\/th>\n<th>Dividend Yield<\/th>\n<th>Debt to Equity<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Polycab India<\/td>\n<td>11.39<\/td>\n<td>796.85<\/td>\n<td>0.52%<\/td>\n<td>0.02<\/td>\n<\/tr>\n<tr>\n<td>Finolex Cables<\/td>\n<td>3.23<\/td>\n<td>397.93<\/td>\n<td>0.70%<\/td>\n<td>0.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Finolex Cables trades closer to its book value while paying a slightly higher dividend yield, whereas Polycab India commands a premium on the strength of its larger scale and broader product portfolio. Both remain essentially debt free, a trait not always found together with a valuation discount in this sector.<\/p>\n<p style=\"margin-top: 24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check Live PE, PB and ROE Data on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Buying_These_Cable_Stocks\"><\/span><strong>Risks to Consider Before Buying These Cable Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A discount to the sector average price to earnings ratio does not remove company specific risk in a business exposed to commodity input costs and construction cycles.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Copper_Price_Volatility\"><\/span><strong>Copper Price Volatility<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Copper is the primary raw material for wires and cables, and sharp swings in global copper prices can compress margins even when volumes hold steady, particularly for manufacturers that cannot fully pass through cost increases.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Real_Estate_and_Construction_Cyclicality\"><\/span><strong>Real Estate and Construction Cyclicality<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Demand for cables is closely tied to housing construction, infrastructure projects and industrial capex. A slowdown in any of these areas can directly reduce order volumes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Competitive_Intensity\"><\/span><strong>Competitive Intensity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The wires and cables industry includes both organised and unorganised players, and pricing competition can pressure margins for branded manufacturers during periods of weak demand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Working_Capital_Intensity\"><\/span><strong>Working Capital Intensity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Distribution through dealer networks often involves extended credit cycles, and a slowdown in collections can strain working capital even at companies with otherwise clean balance sheets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Track_These_Cable_Stocks\"><\/span><strong>How to Track These Cable Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors evaluating these two names should track quarterly volume growth, copper price trends, and how the sector average PE moves relative to each company&#8217;s own multiple over time, rather than relying on the valuation gap in isolation among cable stocks. Comparing these numbers regularly is the most reliable way to judge whether the discount to fair value remains intact or has already closed.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Polycab India and Finolex Cables share prices live and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Polycab India and Finolex Cables are the two cable stocks currently trading below the sector&#8217;s average price to earnings ratio of close to 50 times, while both maintain double digit return on equity and debt free balance sheets. That combination makes them worth a closer look for investors who already want exposure to India&#8217;s electrification and construction theme, though copper price volatility and construction cyclicality mean position sizing and diversification still matter when adding these names to a portfolio.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Undervalued_Cable_Stocks\"><\/span><strong>FAQs on Undervalued Cable Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_cable_stocks_are_trading_below_the_sector_average_PE\"><\/span><strong>Which cable stocks are trading below the sector average PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Polycab India and Finolex Cables are currently trading below the cable sector&#8217;s average price to earnings ratio of close to 50 times, based on live NSE and BSE pricing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Polycab_India_undervalued_compared_to_its_sector\"><\/span><strong>Is Polycab India undervalued compared to its sector?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Polycab India trades at a price to earnings ratio of 47.06, marginally below the sector average of 50.13, while delivering a return on equity of 22.25 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_does_Finolex_Cables_trade_at_such_a_wide_discount\"><\/span><strong>Why does Finolex Cables trade at such a wide discount?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Finolex Cables trades at 24.58 times earnings against a sector average of 50.13, reflecting its lower return on equity of 11.73 percent and smaller scale compared with Polycab India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_capitalisation_of_Polycab_India\"><\/span><strong>What is the market capitalisation of Polycab India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Polycab India has a market capitalisation of around Rs 1,36,739 crore, with a price to earnings ratio of 47.06 against the sector average of 50.13.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_these_cable_stocks_debt_free\"><\/span><strong>Are these cable stocks debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Both Polycab India and Finolex Cables are essentially debt free, with debt to equity ratios of 0.02 and 0.00 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_in_undervalued_cable_stocks\"><\/span><strong>What are the main risks in undervalued cable stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks include volatility in copper prices, cyclicality tied to real estate and construction activity, competition from unorganised players, and working capital strain from extended dealer credit cycles.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_a_low_PE_enough_reason_to_buy_a_cable_stock\"><\/span><strong>Is a low PE enough reason to buy a cable stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A price to earnings ratio below the sector average is a useful starting screen for cable stocks but not a standalone buy signal. Investors should also review copper cost pass-through, distribution reach and balance sheet strength before investing.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Polycab India and Finolex Cables trade below the cable sector&#8217;s average PE of near 50, both debt free with double digit ROE.<\/p>\n","protected":false},"author":36,"featured_media":220623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-220625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["220623"],"_edit_lock":["1787808848:36"],"_last_editor_used_jetpack":["block-editor"],"rank_math_seo_score":["80"],"rank_math_title":["Undervalued Cable Stocks Trading Below Fair Value"],"rank_math_description":["These cable stocks, 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