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In response to an article I published yesterday, “Goldman forecasts recovery in Japanese stocks from mid-2009", which was carried on Seeking Alpha, a reader asked for some “big cap” stocks trading at/near book value, among other things. Following is a quick list of select stocks with ADRs.

Trading below book value
FUJI FILM (4901) (FUJI) — 0.89x book; 1.04% dividend yield; at the bottom of its 52-wk trading range
Nissan (7201) (OTCPK:NSANY) — 0.95x; 4.9%; at bottom of 52wk range
Wacoal (3591) (OTCQX:WACLY) — 0.97x; 2.0%; near bottom of 52wk range
NTT (9432) (NYSE:NTT) — 0.95x; 1.7%; near top of 52wk range
ORIX (8591) (NYSE:IX) — 0.92x; 2.0%; at bottom of 52wk range

Stocks trading “near” book value
Mitsubishi UFJ (8306) (NYSE:MTU) — 1.12x book; 1.7% dividend yield
TDK (6762) (TDK) — 1.12x; 2.1%
Kyocera (6971) (NYSE:KYO) — 1.17x; 1.3%
Sony (6758) (NYSE:SNE) — 1.21x; 0.6%
Hitachi (6501) (HIT) — 1.23x; 0.75%
Matsushita (6752) (MC-OLD) — 1.24x; 1.6%
Toyota (7203) (NYSE:TM) — 1.27x; 2.9%

*Above stock information applicable to ordinary shares and based on Aug. 27, 2008 market close in Japan. Source: Yahoo! Finance Japan.

Disclosure: No position in any stocks mentioned.

Source: Japanese ADRs Trading Below or Near Book Value