2 insanely cheap shares to consider buying today

The FTSE 100 could also be buying and selling at a report excessive, however I can nonetheless see loads of cheap shares on the market. I’m basing this purely on price-to-earnings ratios, searching for shares with a P/E beneath 10. These two instantly jumped out at me as price contemplating.

NatWest appears unbelievable worth

I used to be astonished to see that NatWest Group (LSE: NWG) qualifies on this foundation. Like all the massive banks, it’s had a rip-roaring run, with the share worth up 212% over 5 years. The tempo has slackened of late, although. The truth is, the NatWest share worth fell 7.3% in February, in a month when the blue-chip index as an entire jumped 7.5%. It’s nonetheless up 30% over 12 months, which makes its P/E of simply 9.1 look ridiculously low.

That’s particularly the case since NatWest reported a better-than-expected 24.4% soar in full-year earnings to £7.7bn in February. It additionally introduced a £750m share buyback for the primary half of 2026 and upgraded its efficiency targets too.

That was a tip-top set of outcomes but buyers have been clearly hoping for much more. Many may have been involved by feedback from Jamie Dimon at JPMorgan Chase, who warned that if company prospects are disrupted by the AI revolution, banks may find yourself nursing nasty impairments.

There are at all times dangers after such a robust run. Maybe the largest is that rates of interest are possible to proceed falling, which may squeeze banking margins. However February’s drop has taken the warmth out of the valuation, whereas pushing the trailing dividend yield again up to 5.25%. I feel NatWest is effectively price contemplating today. Much more so if markets wobble on Center East volatility subsequent week.

NatWest wasn’t the one inventory to ship robust ends in February, solely to take a beating.

IAG shares fall too

Shares in Worldwide Consolidated Airways Group (LSE: IAG) have additionally been flying currently, up 25% over one yr and 170% over three.

But they plunged 7.35% on Friday, regardless of the British Airways proprietor posting a “report” efficiency for 2025. Working revenue rose 13% to €5bn and income climbed 3.5% to €33.2bn. The board additionally lifted the dividend by 8.9% and unveiled a recent €1.5bn share buyback.

Buyers selected to focus elsewhere. There have been issues a few slowdown in cargo and passenger revenues within the fourth quarter, common financial bumpiness, and the truth that the expansion was helped by decrease gas costs. There may additionally have been some profit-taking after such a robust run.

Today, the IAG share worth appears wonderful worth, with a P/E of simply 7.2. It’s regarded cheap for years although, which in all probability displays that working airways is a dangerous enterprise, as they’re susceptible to wars, pure disasters, strike motion, oil worth swings and recessions. We might get proof of that subsequent week, as battle in Iran may drive up the oil worth and disturb flights. Some might even see that as a buying alternative. IAG is price contemplating however once more, with a long-term view.

I can see lots extra cheap-looking shares on the FTSE 100, together with JD Sports activities Style, which has a P/E of simply 6.6, and easyJet on round seven. If Iran issues hit FTSE 100 shares subsequent week, there may very well be much more worth on the market.