1. P/E ( trailing twelve month) alongwith a lower forward P/E - "generally" indicates a good buy canditate.
2. Very high P/E ( trailing twelve month) alongwith a even higher forward P/E, "generally" indicates a short canditate.
3. Very low P/E may also indicate a tainted share - so be careful and excercise caution in choosing a very low P/E share. Probably it is better idea to explore all of the top ten stocks with lowest P/E.
4. If you have experience with Brazillian geography, Brazillian economy and if you are familiar with local conditions of Brazil you will be better positioned to take advantage of this list
| Symbol | P/E (ttm) | P/E (Forward) |
| rio | N/A | N/A |
| bak | N/A | 20.60 |
| pbr | N/A | N/A |
| bbd | 13.14 | 10.51 |
| itu | N/A | N/A |
| ggb | 58.04 | 7.67 |
| gol | N/A | 11.90 |
| sid | 7.32 | 11.61 |
| cig | N/A | 9.49 |
| ubb | N/A | N/A |
| tne | 0.01 | 10.74 |
| erj | 10.27 | 14.18 |
| elp | 10.22 | 9.88 |
| abv | 27.36 | 15.21 |
| tsu | N/A | 23.28 |
| vcp | N/A | N/A |
| cbd | 0.06 | 24.14 |
| sbs | 0.06 | 5.35 |
| ara | N/A | N/A |
| pze | 129.47 | 8.85 |
| brp | N/A | N/A |
| cpl | 14.74 | 11.76 |