Yes p/e of 31 for BAL is cheap. Can't compare banks with BAL.
If you want to compare then CBA has eps of $5.55 compared to BAL $0.40. But whats more likely in next say 3 years BAL to have eps of $0.80 or CBA to have eps of $11.10?
Horses for courses as they say!
BAL Price at posting:
$12.49 Sentiment: Buy Disclosure: Held