You know those great companies you didn't invest in last year because they were overvalued? Well, the market sell-off of the past year may have brought their shares back into value territory.

And they're probably not the only value out there. Ron Muhlenkamp, manager of The Muhlenkamp Fund (MUHLX), recently told investors that he saw the best investment values in a decade. One of the screens that Muhlenkamp uses to find good companies at good prices highlights companies generating return-on-equity figures above 15%, and price-to-earnings ratios below that figure.

Here is a list of five companies that fit these criteria, paired with their respective CAPS rating, as judged by more than 110,000 members of the Motley Fool CAPS community. Those ratings matter -- especially stocks receiving four or five stars, which we noticed have outperformed the market as a group since November 2006.

Without further ado, here are those stocks:


P/E Ratio

CAPS Rating


Nordstrom (NYSE:JWN)




Texas Instruments (NYSE:TXN)




Boeing (NYSE:BA)




Best Buy (NYSE:BBY)




Hewlett-Packard (NYSE:HPQ)




Source: Motley Fool CAPS, as of Aug. 4, 2008.

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Best Buy is both an Inside Value and Stock Advisor selection. The Fool owns shares of Best Buy. Muhlenkamp is a Motley Fool Champion Funds pick. Try any of our Foolish newsletters today, free for 30 days.

Todd Wenning believes he'll go fishing. He does not own shares of any company mentioned. The Fool's disclosure policy is always a value.