The Globe and Mail attempts to identify undervalued middle and large capitalized companies in Canada that are yielding more than the S&P/TSX composite index in its Wednesday, Sept. 28, edition. The Globe's guest columnist Patrick Gattuso writes in the Number Cruncher column that in a low-interest-rate environment, investors tend to look for yield and stability in stocks. Many economists believe that Canada's accommodative monetary and fiscal policy should prevent a recession and, in turn, give a green light for equities to continue to rally. Mr. Gattuso begins by identifying companies trading in Canada with a market capitalization above $1-billion and a dividend yield greater than that of the S&P/TSX composite (3.05 per cent). Next, he looks for companies that are undervalued from a relative valuation standpoint. Specifically, he wants the forward-price-to-earnings and price-to-cash-flow ratios for these companies to be less than the median of their respective industry groups in Canada. Companies yielding more than the S&P/TSX composite index are Fortis, Telus, Manulife Financial, Aimia and Russel Metals.