Global stock markets are still in the selling pressure and volatility index VIX is already in its second week above 40 points. In fact, this week's index is oscillating around a level of 50. This is right time for value investor for bargain searching. Many worthy stocks are below P/E 10 with still perspective growth and book value equaling to stock price.
Uncertainty about future attracts more attention to defensive sectors like health-care or consumer staples. I run fundamental stock screen for large cap health-care stocks with P/E below 15 and Price-Book Value below 4. Here is the list of potential value plays:
| Ticker | Company Name | PEG | P/E | P/BV |
| (UNH) | UNITEDHEALTH | 0.7 | 7.5 | 1.4 |
| (WLP) | WELLPOINT | 0.65 | 7.7 | 1 |
| (AET) | AETNA | 0.62 | 9.3 | 1.6 |
| (NVS) | NOVARTIS | 2 | 9.8 | 2.3 |
| (AZN) | ASTRAZENECA | 9.6 | 10.8 | 3.9 |
| (LLY) | LILLY ELI CO | 1.65 | 11 | 3 |
| (WYE) | WYETH | 3.61 | 11.1 | 2.5 |
| (SNY) | SANOFI-AVENTIS | 2.83 | 12.1 | 1.4 |
| (MRK) | MERCK | 1.58 | 13.2 | 3.2 |
| (PFE) | PFIZER | 2.08 | 14.2 | 1.9 |
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