I have to be honest...  I'm a growth stock junkie.  Almost nothing in my portfolio has a P/E that is below average for it's industry or sector.  So I'm probably pretty short on value stock ideas...

However, PEPSI might qualify.  If you look at the 5 year chart, you'll see steady growth from 40 to 80, until this recent sell-off.  Now it's just under 70.  The P/E is 18.6 v 22.1 for the industry and 19+ for the S&P 500.  Earning and dividends have both been steadily rising for at least three years.  It's exposed to foreign markets - it seems to have more momentum in Europe than Coke does.