Berkeley Group (LSE: BKG), Tritax Big Box (LSE: BBOX), and ICG (LSE: ICG) stand out as compelling opportunities among a broader index that has risen strongly over the past year.
Despite the FTSE 100’s overall gains, many individual shares have failed to participate in the rally, leaving pockets of genuine value for investors willing to look carefully at the market.
Each of these three companies carries either a rock-bottom price-to-earnings ratio, a substantial dividend yield, or an attractive combination of both metrics.
Berkeley Group currently trades on a forward P/E ratio of just 10.1 times, making it the cheapest housebuilder in the FTSE 100 at present.
The discount reflects a significant forecast cut made in April, with profits now expected to reach £1.4bn between 2027 and 2030, roughly a third below what analysts had previously anticipated.
Nevertheless, the long-term structural case for Berkeley remains compelling, with London requiring 88,000 new homes annually to house its growing population.
The company’s land bank of 50,000 homes positions it well to meet persistent demand across London and the Home Counties, its two core markets.
Tritax Big Box trades on a forward P/E of just 7.6 times, with a price-to-earnings-to-growth multiple of 0.2, well inside the threshold of 1 that is widely regarded as bargain territory.
The logistics-focused REIT also offers a forward dividend yield of 5.8%, adding an income dimension to what is already an attractively valued proposition on earnings alone.
Concerns over potential Bank of England rate hikes have weighed on the share price, but supply shortages across logistics and data centre property markets point to durable long-term rental growth.
ICG rounds out the trio with a forward P/E of 10.2 times and a dividend yield of 5.1% for the current financial year, offering investors both value and meaningful income.
The company, which lends money to high-net-worth individuals and institutions and manages their investments, has seen its shares fall in 2026 amid concerns over inflation and weak economic growth.
However, ICG has a proven record of navigating difficult conditions, illustrated by its ability to grow its annual dividend for 17 consecutive years, a remarkable streak that speaks to the resilience of its business model.
Looking further ahead, the expanding global population of wealthy individuals seeking sophisticated financial services could provide a meaningful tailwind for ICG’s earnings growth over the long term.