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If you are looking for very cheap stocks, you may want to look for stocks that are selling below cash per share. What this means is if you take all the cash a company has and divide it by the number of shares, you get the cash per share. There are actually over 60 stocks out there, discovered by WallStreetNewsNetwork.com, which are trading below that cash amount.

The following are a list of 11 stocks, all with market caps over $400 million, that are trading way below cash per share, therefore, with a Price to Cash per Share [PCS] ratio of way below 1. Keep in mind that many of these are foreign companies, many have high debt, and many are in struggling industries. Financials are based on several sources, but should be investigated before investing in any of these stocks.

Mitsubishi UFJ (NYSE:MTU) is a financial services and banking company based in Tokyo, Japan. The stock has a price to cash per share ratio of 0.208 , with a PE ratio of 11.7 .

Gov Bank of Ireland (NYSE:IRE) is an Irish banking and other financial services firm. The stock has a price to cash per share ratio of 0.218 , with a PE ratio of 0.95 and a PEG of 0.09 .

Banco Santander ( STD ) is a commercial and private bank based in Madrid, Spain. The stock has a price to cash per share ratio of 0.233 , with a PE ratio of 5.15 and a PEG of 0.36 .

Allied Irish Banks Plc ( AIB ) is an Irish based banking, investment banking, and asset management company. The stock has a price to cash per share ratio of 0.248 , with a PE ratio of 1.56 and a PEG of 0.1 .

Genworth Financial (NYSE:GNW) is a provider of various types of insurance, including life insurance, long term care insurance, Medicare supplement insurance, and mortgage insurance. The stock has a price to cash per share ratio of 0.298 , with a PE ratio of 3.93 and a PEG of 0.2 .

Liberty Media Capital (LCAPA) is a provider of video programming through cable, satellite, telephone, and the Internet. The stock has a price to cash per share ratio of 0.355 , with a PE ratio of 2.41 .

Banco Bilbao (BBV) is a Bilbao, Spain based bank. The stock has a price to cash per share ratio of 0.356 , with a PE ratio of 5.17 and a PEG of 0.36 .

Yazhou Coal Mining (NYSE:YZC) is a Chinese based coal mining company. The stock has a price to cash per share ratio of 0.385 , with a PE ratio of 0.41 and a PEG of 0.35 .

Sadia S.A. (NYSE:sda-old) is a Brazil based manufacturer and marketer of processed products, poultry, and pork. The stock has a price to cash per share ratio of 0.491, with a PE ratio of 1.08 .

Discover Financial Svcs (NYSE:DFS) is an Illinois based credit card company. The stock has a price to cash per share ratio of 0.517 , with a PE ratio of 12.25 and a PEG of 1.01 .

Health Net Inc (NYSE:HNT) is a provider of managed health care services and health plans. The stock has a price to cash per share ratio of 0.604 , with a PE ratio of 27.38 and a PEG of 0.38 .

You can download an Excel database spreadsheet list of over 60 stocks trading below cash per share at WallStreetNewsNetwork.com. Please note that many of the stocks on that list are very low cap and therefore very speculative.

Author does not own any of the above.

Source: 11 Stocks Selling Below Cash