Benjamin Graham Stock Screen — Europe
Benjamin Graham, the father of value investing, told the defensive investor to buy established, profitable companies only when they are cheap on both their earnings and their book value, and to avoid heavy debt. This screen applies a modern version of those tests: a low P/E, a low price-to-book, modest leverage and a track record of profit.
The rules of this screen
A stock listed in Europe appears below only if it passes every rule:
- P/E (trailing 12 months) of 15 or less
- Price-to-book of 1.5 or less (share price at most 1.5x book value per share)
- Return on equity (ROE) of at least 10%
- Net profit margin of at least 5%
- Debt-to-equity of 0.5 or less (total debt at most 50% of shareholders' equity)
Data comes from company filings and market prices, refreshed after every trading day. Stocks with a missing value for any rule are left out.
Benjamin Graham Stock Screen — Europe: top stocks by market cap
222 European stocks match this screen. Top 30 by market cap, data as of 13 Nov 2026.
| # | Company | Ticker | Sector | Mkt Cap | P/E | Div Yield | 1Y |
|---|---|---|---|---|---|---|---|
| 1 | Shell plc | SHELLAMS | Energy | €253.2B | 9.0 | 3.19% | +40.7% |
| 2 | Shell plc | SHELLSE | Energy | €251.6B | 8.7 | 3.19% | +30.6% |
| 3 | Investor AB (publ) | INVE-BSTO | Financial Services | €120.8B | 6.2 | 1.28% | +37.6% |
| 4 | Investor AB (publ) | INVE-ASTO | Financial Services | €118.4B | 6.1 | 1.31% | +35.5% |
| 5 | 3i Group Ord | IIILSE | Financial Services | €32.1B | 4.6 | — | -37.7% |
| 6 | Trip.com Group Limited | 0I50LSE | Consumer Cyclical | €26.0B | 12.7 | — | -39.8% |
| 7 | AB Industrivärden (publ) | INDU-ASTO | Financial Services | €21.2B | 4.4 | 1.60% | +40.4% |
| 8 | AB Industrivärden (publ) | INDU-CSTO | Financial Services | €21.1B | 4.3 | 1.61% | +38.5% |
| 9 | Scottish Mortgage Ord | SMTLSE | Financial Services | €18.3B | 3.4 | — | +34.1% |
| 10 | Haier Smart Home Co., Ltd. | 690DXETRA | Consumer Cyclical | €16.9B | 7.9 | 8.04% | -14.0% |
| 11 | HAL Trust | HALAMS | Financial Services | €15.9B | 10.9 | 2.03% | +30.3% |
| 12 | South32 Limited | S32LSE | Basic Materials | €12.8B | 14.2 | 2.73% | +57.5% |
| 13 | KGHM Polska Miedz S.A. | KGHGPW | Basic Materials | €12.5B | 6.4 | 0.53% | +47.9% |
| 14 | Alpha Bank S.A. | ALPHAATH | Financial Services | €10.7B | 11.9 | 2.41% | +37.9% |
| 15 | Vienna Insurance Group AG | VIGVIE | Financial Services | €9.9B | 7.2 | 2.23% | +76.5% |
| 16 | Yara International ASA | YAROSL | Basic Materials | €9.8B | 7.6 | 5.42% | +13.5% |
| 17 | Buzzi S.p.A. | BZUBIT | Basic Materials | €7.9B | 9.4 | 1.59% | -11.4% |
| 18 | Polar Capital Technology Ord | PCTLSE | Financial Services | €7.5B | 1.7 | — | +21.3% |
| 19 | F&C Investment Trust Ord | FCITLSE | Financial Services | €7.5B | 4.4 | — | +8.6% |
| 20 | Telekom Austria AG | TKAVIE | Communication Services | €5.9B | 9.0 | 4.75% | -1.3% |
| 21 | Investec Group | INVPLSE | Financial Services | €4.8B | 8.5 | 5.98% | +9.0% |
| 22 | JPMorgan Global Growth & Income Ord | JGGILSE | Financial Services | €3.9B | 6.7 | — | +4.3% |
| 23 | City of London Ord | CTYLSE | Financial Services | €3.7B | 5.9 | — | +15.2% |
| 24 | RIT Capital Partners Ord | RCPLSE | Financial Services | €3.6B | 4.9 | — | +12.4% |
| 25 | Wilh. Wilhelmsen Holding ASA | WWIOSL | Industrials | €3.5B | 7.2 | 2.24% | +80.1% |
| 26 | S.N. Nuclearelectrica S.A. | SNNBVB | Utilities | €3.4B | 7.1 | 6.41% | +28.2% |
| 27 | Wilh. Wilhelmsen Holding ASA | WWIBOSL | Industrials | €3.4B | 6.9 | 2.35% | +84.6% |
| 28 | Templeton Emerging Mkts Invmt Tr TEMIT | TEMLSE | Financial Services | €3.2B | 4.0 | — | +26.3% |
| 29 | ITV plc | ITVLSE | Communication Services | €2.8B | 10.8 | 7.76% | -3.9% |
| 30 | Monks Ord | MNKSLSE | Financial Services | €2.8B | 4.5 | — | +5.0% |
The same rules on every market the screener covers: the US, Canada, Europe, Australia and more. Free, no account needed.
Run this screen on all 18,000+ stocksHow to use this screen
Graham also asked for 10 years of uninterrupted earnings, 20 years of dividends and a minimum size, which a ratio screen cannot check. Treat the list as a starting point for reading annual reports, not as a portfolio. Cheap stocks are often cheap for a reason.
This page lists the stocks that pass a set of rules. It is not a recommendation to buy or sell any of them, and past results of a strategy say nothing certain about future returns.