A low Price-to-Book(P/B) ratio implies that the stock may be undervalued. This ratio can be used together with other factors in identifying potential investment opportunities. The following five foreign stocks have P/B ratios of ≤ 0.75:

1.Company: Banco Santander SA (SAN)
Current Dividend Yield:  9.98%
Sector: Banking
Country: Spain

2.Company: Brasil Telecom SA (BTM)
Current Dividend Yield: 9.14%
Sector: Telecom
Country:Brazil

3.Company: ArcelorMittal (MT)
Current Dividend Yield: 3.76%
Sector:Iron & Steel
Country:Luxembourg

4.Company: Petrobras Argentina SA (PZE)
Current Dividend Yield: 2.65%
Sector:Oil & Gas – Integrated
Country: Argentina

5.Company: Edenor S.A (EDN)
Current Dividend Yield: N/A
Sector:Electric Utilities
Country: Argentina

Disclosure: Long STD