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Discovering worth in FTSE shares this October isn’t simple, however a number of names nonetheless stand out. I’ve been scanning the index for firms buying and selling on low valuation metrics, notably these with a price-to-earnings (P/E) ratio under 10 — a powerful sign that earnings are rising sooner than the share value.
And proper now, three firms particularly appear worthy of a better look.
3i Group
Personal fairness and infrastructure specialist 3i Group (LSE: III) is likely one of the FTSE 100’s most intriguing performers this yr. The agency’s largest holding, Motion, is a reduction retail chain that’s been increasing aggressively throughout Europe and driving a lot of its development.
The inventory’s up round 21.5% in 2025, but it nonetheless trades at a ahead P/E ratio of simply 6.52 — a remarkably modest valuation for a enterprise with such a stable monitor file.
Plus, a fast ratio of solely 3.31 signifies the group’s liabilities are comfortably lined by liquid belongings — so its steadiness sheet’s no concern.
The primary danger right here is focus. With Motion accounting for a big chunk of 3i’s portfolio, any operational stumble on the retailer may ripple by to group earnings. Nonetheless, I feel 3i stays a powerful candidate for traders to contemplate whereas it trades at this degree.
easyJet
Subsequent up is easyJet (LSE: EZJ), which has been caught up in turbulence following a cyberattack in late September. The occasion shaved round 12% off the share value over the previous three months, dragging the inventory again to ranges that seem undervalued by most metrics.
With a ahead P/E ratio of seven and each income and earnings up roughly 9.5% yr on yr, the low-cost airline’s fundamentals look stronger than its share value suggests. Working money move of £1.64bn helps additional development, though the steadiness sheet’s a bit stretched, with debt barely exceeding fairness.
The airline faces stiff competitors from Ryanair and the lingering danger of fines in Spain associated to cabin baggage fees. However with demand for journey nonetheless strong and administration targeted on enhancing effectivity, I feel easyJet may very well be a tempting restoration story for long-term traders to weigh up.
JD Sports activities
Lastly, JD Sports activities (LSE: JD) appears like a beaten-down development inventory price testing. The sports activities/style retailer’s shares have fallen round 28% over the previous yr, however a £100m share buyback launched in September suggests administration believes the market has overshot.
That stated, the corporate’s debt load is £3.74bn and its liabilities are almost double its belongings. Margins are additionally below strain, and if earnings don’t decide up, that would spell bother.
Nonetheless, for traders keen to tackle some danger, its valuation appears interesting. It trades at a ahead P/E ratio of simply 7, implying expectations of a turnaround.
It reported rising income however barely decrease earnings in its most up-to-date outcomes, broadly consistent with forecasts. Encouragingly, money era stays sturdy, with £853m in free money move.
Closing ideas
October’s market is filled with bargains hiding in plain sight. 3i Group affords stability, easyJet appears primed for a rebound and JD Sports activities may ship development if it will get its funds in form.
Whereas none are with out danger, I feel these three FTSE shares are price contemplating for traders searching bargains.
