(MONEY Magazine) – One way to spot an attractive value is to compare a stock's total potential return with its P/E ratio. I've calculated this "return ratio" by dividing a stock's P/E by its combined estimated earnings growth and dividend yield. Stocks with a return ratio of 1.2 or less on the list below are worth a closer look. At the moment, 52 of the Sivy 70 meet that standard. In April, seven stocks on the list notched double-digit returns. Two declined by a similar amount.

NOTES: As of April 24. N.A.: Not available. P/E ratios are based on projected 2007 earnings. Growth + Yield is annual projected earnings growth over the next five years plus dividend yield. Return ratio is P/E divided by Growth + Yield. SOURCE: Thomson/Baseline.