Would say sure and a great instance could be a number of the semis. Qualcomm, Qorvo, Skyworks are all development firms which have a lot decrease than business 12 month P/E. Qualcomm particularly. Often you possibly can seek for these firms with inventory screeners. For instance, Nvidia nonetheless trades at 40x P/E whereas Qualcomm is round 10-12x P/E.
As for metrics, usually I’d take a look at the next:
This is able to provide you with undervalued development shares or extra GARP (Progress at a Cheap Worth).
