| Biggest P/E discounts in S&P/TSX composite | ||||||||||||
| Published Thur. May 8, 2008 | ||||||||||||
| Company name | Symbol | Price May 6 $ | Low 52 wk $ | High 52 wk $ | Yield % | YTD price chng % | Current forward P/E | Current Forward P/E Relative to S&P/TSX Comp |
Relative to S&P/TSX Comp (5-Year Range) ------------------------------------------------------------ Average Low (best) High (worse) | Market Cap (in mil) |
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| Fording Canadian Coal Tr. | FDG.UN-T | 70.20 | 27.88 | 70.47 | 2.9 | 82.9 | 5.1 | 75% Discount | 63% Discount | 90% Discount | 4% Discount | 9,687 |
| Jazz Air Income Fund | JAZ.UN-T | 7.79 | 7.13 | 8.84 | 13.0 | 1.7 | 6.3 | 69% Discount | 69% Discount | 80% Discount | 57% Discount | 949 |
| Quadra Mining Ltd. | QUA-T | 25.02 | 11.03 | 25.35 | 0.0 | 41.9 | 6.8 | 66% Discount | 72% Discount | 93% Discount | 47% Discount | 1,276 |
| Fairfax Financial Holdings | FFH-T | 283.58 | 193.02 | 342.20 | 1.8 | -1.2 | 7.1 | 64% Discount | 15% Discount | 73% Discount | >100% Premium | 5,070 |
| Yellow Pages Income Fund | YLO.UN-T | 10.70 | 9.58 | 14.81 | 10.6 | -23.0 | 7.4 | 63% Discount | 36% Discount | 64% Discount | 7% Discount | 5,680 |
| Inmet Mining | IMN-T | 81.62 | 58.26 | 111.89 | 0.3 | 1.3 | 7.6 | 62% Discount | 55% Discount | 78% Discount | 12% Premium | 3,830 |
| Kingsway Financial Serv. | KFS-T | 14.75 | 10.20 | 21.73 | 2.0 | 22.8 | 7.7 | 62% Discount | 36% Discount | 76% Discount | >100% Premium | 816 |
| Lundin Mining | LUN-T | 7.45 | 6.50 | 15.42 | 0.0 | -21.9 | 7.7 | 62% Discount | 0.60% Discount | 79% Discount | >100% Premium | 2,813 |
| Petro-Canada | PCA-T | 54.25 | 41.50 | 61.50 | 1.0 | 1.9 | 7.6 | 62% Discount | 63% Discount | 78% Discount | 40% Discount | 24,864 |
| Breakwater Resources | BWR-T | 0.97 | 0.87 | 3.69 | 0.0 | -43.6 | 8.0 | 60% Discount | 41% Discount | 85% Discount | >100% Premium | 435 |
| Teck Cominco Ltd. | TCK.B-T | 48.18 | 28.00 | 53.35 | 2.1 | 36.0 | 7.9 | 60% Discount | 39% Discount | 79% Discount | 89% Premium | 19,242 |
| Biovail | BVF-T | 12.00 | 10.30 | 28.78 | 12.5 | -10.2 | 8.3 | 59% Discount | 50% Discount | 67% Discount | 25% Discount | 1,976 |
| Addax Petroleum | AXC-T | 46.50 | 29.22 | 46.65 | 0.9 | 8.3 | 8.4 | 58% Discount | 50% Discount | 67% Discount | 28% Discount | 6,889 |
| Teranet Income Fund | TF.UN-T | 9.56 | 9.02 | 10.69 | 8.2 | -6.3 | 8.4 | 58% Discount | 13% Premium | 58% Discount | 90% Premium | 1,380 |
| Highpine Oil & Gas | HPX-T | 11.12 | 7.03 | 16.50 | 0.0 | 11.4 | 8.6 | 57% Discount | >100% Premium | 57% Discount | >100% Premium | 718 |
| Superior Plus Income Fd. | SPF.UN-T | 13.94 | 10.49 | 16.27 | 11.6 | 19.2 | 8.6 | 57% Discount | 26% Discount | 71% Discount | 25% Premium | 1,232 |
| Thompson Creek Metals | TCM-T | 23.06 | 12.65 | 25.58 | 0.0 | 35.8 | 8.5 | 57% Discount | 56% Discount | 69% Discount | 29% Discount | 2,466 |
| Allen-Vanguard Corp. | VRS-T | 4.00 | 3.19 | 11.95 | 0.0 | -25.1 | 8.7 | 56% Discount | 65% Premium | 70% Discount | >100% Premium | 438 |
| TransForce Income Fund | TIF.UN-T | 7.56 | 6.09 | 15.14 | 21.0 | -18.2 | 8.8 | 56% Discount | 51% Discount | 76% Discount | 16% Discount | 570 |
| Sherritt International | S-T | 15.59 | 11.68 | 18.04 | 0.9 | 17.3 | 8.9 | 55% Discount | 56% Discount | 72% Discount | 28% Discount | 3,468 |
| Centerra Gold | CG-T | 9.63 | 3.16 | 16.08 | 0.0 | -23.4 | 9.2 | 54% Discount | 30% Premium | 54% Discount | >100% Premium | 1,960 |
| InnVest REIT | INN.UN-T | 10.05 | 7.82 | 14.32 | 11.2 | -6.4 | 9.3 | 54% Discount | 22% Premium | 56% Discount | >100% Premium | 734 |
| Labrador Iron Ore Royalty | LIF.UN-T | 56.99 | 30.50 | 60.80 | 2.5 | 20.1 | 9.2 | 54% Discount | 39% Discount | 67% Discount | 16% Premium | 1,782 |
| RONA Inc. | RON-T | 14.30 | 13.00 | 25.26 | 0.0 | -16.1 | 9.1 | 54% Discount | 48% Discount | 67% Discount | 9% Discount | 1,670 |
| Transat A.T. | TRZ.B-T | 21.91 | 19.66 | 42.38 | 1.6 | -37.4 | 9.2 | 54% Discount | 38% Discount | 56% Discount | 25% Discount | 668 |
| National Bank of Canada | NA-T | 52.08 | 43.60 | 66.50 | 4.8 | -0.4 | 9.4 | 53% Discount | 44% Discount | 62% Discount | 28% Discount | 8,488 |
| Davis + Henderson Incm. Fd. | DHF.UN-T | 17.29 | 15.77 | 22.00 | 10.0 | -17.7 | 9.5 | 52% Discount | 39% Discount | 58% Discount | 16% Discount | 762 |
| Nexen Inc. | NXY-T | 37.72 | 26.00 | 38.25 | 0.5 | 17.5 | 9.5 | 52% Discount | 47% Discount | 70% Discount | 2% Premium | 18,831 |
| Bank of Montreal | BMO-T | 51.12 | 38.00 | 71.48 | 5.5 | -9.3 | 9.9 | 50% Discount | 39% Discount | 61% Discount | 20% Discount | 26,197 |
| CIBC | CM-T | 73.88 | 56.25 | 107.45 | 4.7 | 4.7 | 10.1 | 49% Discount | 41% Discount | 64% Discount | 21% Discount | 29,044 |
| Note: P/E as of last Friday | ||||||||||||
| Source: Thomson and Globe Investor | ||||||||||||