Buyers don’t have to lay our a fortune to amass top-quality FTSE 250 shares. Listed below are two to think about with wonderful long-term potential regardless of their low price-to-earnings (P/E) ratios.

ITV

Amid enhancing situations within the promoting market, ITV (LSE:ITV) might be about to beat the horrors of current years.

The broadcaster’s share price has slumped 55% since 2019, a interval that additionally noticed it affected by writers’ and actors’ strikes within the US.

In 2025, ITV expects complete promoting revenues to rise 2.5%. That’s despite the fact that remaining quarter outcomes shall be impacted by extremely-strong comparatives and advertisers’ jitters surrounding October’s Price range.

Digital avertising revenues are particularly robust, up 15% between January and September. This pays testomony to the large success of the corporate’s ITVX streaming platform, a attainable lever for sturdy long-term earnings progress.

I believe ITV shares are value severe consideration at present costs, buying and selling on a ahead P/E ratio of seven.2 instances.

On prime of this, its ahead price-to-earnings progress (PEG) ratio is 0.6. Any sub-1 studying signifies {that a} share is undervalued relative to predicted earnings.

The 7.9% ahead dividend on ITV shares gives an added sweetener. That is greater than double the FTSE 250 common of three.4%.

Like all share, investing on this broadcasting large entails taking up some threat. It faces excessive competitors from different types of media, and particularly different streaming firms. Its restoration might also be hindered by a protracted downturn within the home financial system.

But on steadiness, I believe the potential advantages of ITV shares nonetheless make them value contemplating. And particularly given their low valuation.

Financial institution of Georgia Group

The dangers going through Financial institution of Georgia (LSE:BGEO) have risen not too long ago. That’s regardless of the actual fact the Eurasian nation’s financial system — and as a consequence, its banking business — continues to increase.

Helped by an 11.1% GDP leap in quarter three, the FTSE 250 financial institution noticed lending exercise up 18.8% at fixed currencies. This was up from 17.7% the quarter earlier than.

And so pre-tax revenue soared 43.8% in the course of the third quarter.

Buyers are nervous in regards to the long-term financial implications of Georgia’s political disaster on its banks. The nation’s in a tug of warfare over between politicians who need higher ties to Europe and those that see its future alongside Russia.

However may this uncertainty now be baked into the cheapness of Financial institution of Georgia shares? I believe the reply might be sure.

As we speak its ahead P/E ratio sits at 3.3 instances. That is effectively under the financial institution’s five-year common shut of 5.4 instances.

The rising market financial institution’s ahead PEG, in the meantime, is a rock-bottom 0.1.

It’s additionally value remembering the financial institution’s Armenian operations may assist offset potential issues in its house market. It sources round 22% of pre-tax earnings from Georgia’s southerly neighbour.

With Financial institution of Georgia additionally carrying a 5.1% dividend yield, I believe it’s one other engaging worth share to think about.