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Apple, Goldman among Dow's best values after rout

People entering an Apple store in New York
Adrees Latif | Reuters
People entering an Apple store in New York

With the Dow Jones industrial average down 11 percent from an all-time high reached in May, many of its members are starting to look mighty cheap as fears of a China economic slowdown dislocate share prices from earnings.

CNBC Pro looked at the members of the Dow that have the lowest price-earnings ratio relative to their average P/E of the last five years.

On that basis, most of the biggest values in the Dow are stocks like Apple, names beaten down on the frightening China headlines. Some however, such as Goldman Sachs, could be just a victim of wholesale selling by market participants looking to take risk off.

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