Low PE high ROE stock: This power company has been declared as the successful bidder for a project in Gujarat! Low PE high ROE stock: This power company has been declared as the successful bidder for a project in Gujarat! The stock has a PE multiple of 10.04 whereas the sectoral PE multiple is 22 with an ROE of 19.34 per cent. Kiran Shroff / Wednesday, March 1, 2023 / Article rating: 4.2 The stock has a PE multiple of 10.04 whereas the sectoral PE multiple is 22 with an ROE of 19.34 per cent.