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A large cap company with room for growth might sound like an oxymoron, but the truth is that large cap companies have not gotten to where they are by twiddling their thumbs. These companies have grown due to smart innovations, steady profitability, and a deep understanding of their core value propositions. If these kinds of companies appeal to you as an investor, then you'll probably like the list we came up with today.

The Price/Book Value Ratio is a great price-multiple valuation metric to find companies that could be potentially undervalued or overvalued. If a firm has a Price/Book Value Ratio of less than 1 it is stated to be trading below "break up" value. A lower P/BV Ratio can indicate a potentially mispriced company or indicate that something is fundamentally wrong with it.

The Price/Sales ratio is a price-multiple valuation metric used to help identify if a firm is cheap by its twelve month trailing sales numbers. In the most basic terms it let's an investor know how much the investment community is willing to pay for every dollars worth of sales. A firm with a P/S ratio of one or lower would be viewed as cheap because investors are paying $1 or less for every dollars worth of a firm's sales. On the other hand, a firm is generally considered to be expensive when the P/S ratio is above three. These are general guidelines used by the investment community not hard rules to be clear. Price/Sales Ratio = Current Stock Price/Revenue (sales) per Share

EPS growth (earnings per share growth) illustrates the growth of earnings per share over time. The 1-Year Expected EPS Growth Rate is an annual growth estimate, where the growth projections are made by analysts, the company or other credible sources.

We first looked for large cap stocks. From here, we then looked for companies that are undervalued (P/BV<1)(P/S<1). We then screened for businesses with projected high growth, measured by 1-year projected EPS growth above 25%. We did not screen out any sectors.

Do you think these large-cap stocks have strong enough fundamentals to move higher? Use this list as a starting-off point for your own analysis.

1) Mitsui & Co. Ltd. (OTCPK:MITSY)

Sector:Conglomerates
Industry:Conglomerates
Market Cap:$26.32B
Beta:1.18

Mitsui & Co. Ltd. has a Price/Book Value Ratio of 0.94, a Price/Sales Ratio of 0.48, and a 1-Year Projected Earnings Per Share Growth Rate of 34.61%. The short interest was 0.02% as of 06/18/2012. Mitsui & Co., Ltd. operates as a general trading company in Japan and internationally. The company involves in arranging financing for customers and suppliers in connection with its trading activities, organizing and coordinating industrial projects, participating in financing and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing, and coordinating transportation and marketing of finished goods. Its trading activities include the sale, distribution, purchase, marketing, and supply of various products, including iron and steel, nonferrous metals, machinery, electronics, chemicals, energy-related commodities and products, food products, textiles, and general merchandise.

2) Korea Electric Power Corp. (NYSE:KEP)

Sector:Utilities
Industry:Electric Utilities
Market Cap:$13.17B
Beta:1.39

Korea Electric Power Corp. has a Price/Book Value Ratio of 0.28, a Price/Sales Ratio of 0.35, and a 1-Year Projected Earnings Per Share Growth Rate of 135.40%. The short interest was 0.26% as of 06/18/2012. Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in Korea. The company generates power from nuclear, coal, oil, liquefied natural gas, hydro, wind, and solar sources. As of December 31, 2010, it operated 487 generation units, including nuclear, thermal, hydroelectric, and internal combustion units with a total installed generating capacity of 65,559 megawatts. As of December 31, 2010, the company's transmission system consisted of approximately 30,676 circuit kilometers of lines of 765 kilovolts and others, including high voltage direct current lines, as well as 731 substations with an installed transformer capacity of 256,317 megavolt-amperes; and distribution system included approximately 101,692 megavolt-amperes of transformer capacity and 8,343,076 units of support with a line length of 428,529 circuit kilometers.

3) Lloyds Banking Group plc (NYSE:LYG)

Sector:Financial
Industry:Foreign Money Center Banks
Market Cap:$33.76B
Beta:2.06

Lloyds Banking Group plc has a Price/Book Value Ratio of 0.46, a Price/Sales Ratio of 0.84, and a 1-Year Projected Earnings Per Share Growth Rate of 166.67%. The short interest was 0.04% as of 06/18/2012. Lloyds Banking Group plc provides banking and financial services to personal and corporate customers primarily in the United Kingdom. The company's Retail division provides banking, mortgages, and other financial services to personal customers. This division's products comprise current accounts, savings, personal loans, and credit cards.

4) Manulife Financial Corporation (NYSE:MFC)

Sector:Financial
Industry:Life Insurance
Market Cap:$19.09B
Beta:2.11

Manulife Financial Corporation has a Price/Book Value Ratio of 0.84, a Price/Sales Ratio of 0.41, and a 1-Year Projected Earnings Per Share Growth Rate of 25.80%. The short interest was 0.63% as of 06/18/2012. Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individuals and group customers primarily in Asia, Canada, and the United States. Its products and services include individual life insurance, group life and health insurance, long-term care services, pension products, annuities, mutual funds, and banking products. The company also offers retirement products to group benefit plans; reinsurance services, such as property and casualty retrocession; and asset management services to institutional customers.

5) ING Groep NV (NYSE:ING)

Sector:Financial
Industry:Life Insurance
Market Cap:$24.09B
Beta:2.76

ING Groep NV has a Price/Book Value Ratio of 0.38, a Price/Sales Ratio of 0.36, and a 1-Year Projected Earnings Per Share Growth Rate of 32.85%. The short interest was 0.20% as of 06/18/2012. ING Groep N.V. operates as a financial services company that provides banking, investments, life insurance, and retirement services worldwide.

6) China Telecom Corp. Ltd. (NYSE:CHA)

Sector:Technology
Industry:Telecom Services - Foreign
Market Cap:$36.99B
Beta:0.92

China Telecom Corp. Ltd. has a Price/Book Value Ratio of 0.92, a Price/Sales Ratio of 0.96, and a 1-Year Projected Earnings Per Share Growth Rate of 37.63%. The short interest was 0.08% as of 06/18/2012. China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. The company's services include wireline and mobile local and long distance telephony; broadband Internet; value-added telecommunications services, such as Internet access and information services; managed data and leased line; and integrated information application services. It also offers prepaid calling cards; sale, rental, repair, and maintenance services of equipment; and consulting services, e-commerce and booking services, and video media services, as well as sells telecommunications terminals. The company serves government, enterprise, commercial, and residential customers. As of December 31, 2011, it operated a wire line network of approximately 170 million access lines in service; and served 77 million broadband subscribers and 126 million mobile subscribers.

7) Chesapeake Energy Corporation (NYSE:CHK)

Sector:Basic Materials
Industry:Independent Oil & Gas
Market Cap:$11.99B
Beta:1.25

Chesapeake Energy Corporation has a Price/Book Value Ratio of 0.73, a Price/Sales Ratio of 0.96, and a 1-Year Projected Earnings Per Share Growth Rate of 242.00%. The short interest was 14.38% as of 06/18/2012. Chesapeake Energy Corporation engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. The company also offers marketing, midstream, drilling, and other oilfield services. It holds interests in various natural gas resources, including the Haynesville and Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; the Barnett Shale in the Fort Worth Basin of north-central Texas; and the Pearsall Shale in South Texas.

8) Morgan Stanley (NYSE:MS)

Sector:Financial
Industry:Investment Brokerage - National
Market Cap:$28.37B
Beta:1.59

Morgan Stanley has a Price/Book Value Ratio of 0.45, a Price/Sales Ratio of 0.74, and a 1-Year Projected Earnings Per Share Growth Rate of 63.04%. The short interest was 1.93% as of 06/18/2012. Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company's Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, as well as capital raising and corporate lending services. This segment also engages in investment activities; and sales, trading, financing, and market-making activities, including equity trading, interest rates, credit and currencies, and commodities, as well as financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services.

*Company profiles were sourced from Finviz. Financial data was sourced from Finviz.

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