Heres a small bit of analysis i have done on the historic p/e multiples of TSE, WOR, LEI, UGL and DOW. The avg p/e multiple across all these companies up until june 2008 was 16.89 vs the current average of 7.5. TSE is by the far the cheapest and is currently at approx 4.
Overal, these companies have been hammered and in my opinion no longer reflect sound fundamentals - more fear driven prices. Long term these should bounce back nicely.
