Price-to-earnings ratio is the most commonly used investment metric. The assessment of relative changes in PE ratio over the course of time highlights the low and high multiples investors are willing to pay for the current and future earnings of a company. Most investors would like to compare the current PE of the company with its historical averages. Comparing a company's current P/E ratio with benchmarks such as its historical P/E average can help a value investor determine if the stock is cheap, fully valued or overpriced. We identified the top 5 Industrial stocks in NYSE trading below or near the average of its yearly low P/E for the last 5 years. These securities are pretty undervalued compared with other securities in this sector.

**Siemens AG (SI):** Siemens AG is an electronics and electrical engineering company. Siemens is an integrated technology company and operates in the industrial, energy, healthcare and infrastructure sectors worldwide. The company has a return on assets (ROA) of 5.55% and a return on equity (ROE) of 18.11%. The company is trading with a return on invested capital (ROIC) of 11.5%. SI is trading at 11.00 times current earnings multiple. The average of the minimum forward price-to-earnings multiples over the last 5 years for the company is 12.29 and the average price-to-earnings multiples in the same period is 20. SI is expected to grow at 35.79% over the next 5 years. The company is valued at $226.6 using the minimum earnings multiples and $368.8 using the average earnings multiples over the last 5 years. SI is currently trading at $97.84, raising $2.23 or 2.33% this year.

**Aegean Marine Petroleum Network (NYSE:ANW):** Aegean Marine Petroleum Network Inc. and its subsidiaries operate as a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships at ports, sea and rivers. The Stock has a ROA of -0.58% and a ROE of -1.7%. The company is trading with a ROIC of -0.73%. The average of the minimum forward price-to-earnings multiples over the last 5 years for the company is 16.52 and the average price-to-earnings multiples in the same period is 32.96. ANW is expected to grow at 10.48 % over the next 5 years. The company is valued at $11.6 using the minimum earnings multiples and $23.1 using the average earnings multiples over the last 5 years.ANW is currently trading at $5.22, raising $1.14 or 27.94% this year.

**NACCO Industries (NYSE:NC):** NACCO Industries, Inc. and its subsidiaries operate in lift trucks, small appliances, specialty retail and mining industries in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The stock has a ROA of 8.66% and a ROE of 30.55%. NC is trading with a ROIC of 17.35%. The stock is trading at 6.07 times current earnings multiple. The average of the minimum forward price-to-earnings multiples over the last 5 years for the company is 3.02 and the average price-to-earnings multiples in the same period is 7.39. NC is expected to grow at 60.91 % over the next 5 years. The company is valued at $153.3 using the minimum earnings multiples and $375.1 using the average earnings multiples over the last 5 years. NC is currently trading at $101.42, raising $12.2 or 13.67% this year.

**Caterpillar Inc (NYSE:CAT):** Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company also is a service provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. The stock has a ROA of 6.24% and a ROE of 36.24%. The company is trading with a ROIC of 10.01. The average of the minimum forward price-to-earnings multiples over the last 5 years for the company is 10.05 and the average price-to-earnings multiples in the same period is 16.90.The company is expected to grow at 22.49% over the next 5 years. The stock is valued at $143.4 using the minimum earnings multiples and $241.1 using the average earnings multiples over the last 5 years.CAT is currently trading at $110.33, raising $19.73 or 21.78% this year.

**CBIZ Inc (NYSE:CBZ):** CBIZ, Inc. provides professional business services, products, and solutions to businesses, individuals, governmental entities, and not-for-profit enterprises. The company offers various services that include financial services, medical management professionals, employee services and national practices. CBZ has a ROA of 3.63% and a ROE of 11.3%. The Company is trading with a ROIC of 5.28%. The Stock is trading at 11.60 times current earnings multiple. The average of the minimum forward price-to-earnings multiples over the last 5 years for the company is 12.03 and the average price-to-earnings multiples in the same period is 14.15.The company is expected to grow at 15.73 % over the next 5 years. The stock is valued at $7.7 using the minimum earnings multiples and $9.1 using the average earnings multiples over the last 5 years.CBZ is currently trading at $6.49, raising $0.38 or 6.2% this year.**Ducommun Inc. (NYSE:DCO):** Ducommun Incorporated and its subsidiaries design, engineer and manufacture aerostructure and electromechanical components and subassemblies, and provide engineering, technical and program management services principally for the aerospace industry. The company has a ROA of 3.2% and a ROE of 2.0%. The company is trading with a ROIC of 1.1%. DCO is trading at 31.10 times current earnings multiple. The average of the minimum forward price-to-earnings multiples over the last 5 years for the company is 11.17 and the average price-to-earnings multiples in the same period is 16.60.The stock is expected to grow at 7% over the next 5 years. DCO is valued at $16.1 using the minimum earnings multiples and $23.9 using the average earnings multiples over the last 5 years.DCO is currently trading at $15.24, raising $2.49 or 19.53% this year.

**Disclosure: **I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.