What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Benzinga Insights has compiled a list of value stocks in the basic materials sector that may be worth watching:
- Clearwater Paper CLW - P/E: 6.92
- ArcelorMittal MT - P/E: 5.32
- Vale VALE - P/E: 6.69
- Compañía de Minas BVN - P/E: 6.52
- Cabot CBT - P/E: 9.66
Clearwater Paper's earnings per share for Q3 sits at $2.19, whereas in Q2, they were at 1.74. Most recently, ArcelorMittal reported earnings per share at $1.1, whereas in Q2 earnings per share sat at $2.2. Most recently, the company reported a dividend yield of 1.28%, which has increased by 0.51% from last quarter's yield of 0.77%.
Most recently, Vale reported earnings per share at $0.66, whereas in Q2 earnings per share sat at $0.2. Compañía de Minas has reported Q3 earnings per share at $-0.11, which has decreased by 266.67% compared to Q2, which was -0.03. The company's most recent dividend yield sits at 1.41%, which has increased by 0.69% from 0.72% last quarter.
Cabot has reported Q4 earnings per share at $1.65, which has increased by 16.2% compared to Q3, which was 1.42. Most recently, the company reported a dividend yield of 2.1%, which has decreased by 0.11% from last quarter's yield of 2.21%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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