Best Low-P/E Stocks to Buy in September

Finding good companies at a reasonable valuation isn't as hard of a task as you might think, even amid a market that's still hitting new highs daily.

I recently scoured the universe of stocks, looking for those that not only trade well below the market average but are also expected to grow earnings at a respectable pace for the next few years and produce generous free cash flow that the market has failed to properly value. I turned up Big Lots (NYSE: BIG), Carrols Restaurants (NASDAQ: TAST), and Party City (NYSE: PRTY) as the best low-P/E stocks to buy in September. As of this writing, each sports a price-to-earnings ratio below 20, is expected to grow earnings at 10% or more annually for the next five years, and has a price-to-free-cash-flow ratio below 15.

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Source: Fool.com