The Meaning Behind Value Stocks
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
The following stocks are considered to be notable value stocks in the consumer defensive sector:
- Bunge Global BG - P/E: 7.16
- Alico ALCO - P/E: 4.31
- Cal-Maine Foods CALM - P/E: 6.21
- Greenlane Hldgs GNLN - P/E: 0.0
- Herbalife HLF - P/E: 6.07
Bunge Global's earnings per share for Q4 sits at $3.7, whereas in Q3, they were at 2.99. Most recently, the company reported a dividend yield of 2.49%, which has increased by 0.11% from last quarter's yield of 2.38%.
Alico saw a decrease in earnings per share from -0.03 in Q4 to $-0.71 now. The company's most recent dividend yield sits at 0.67%, which has decreased by 0.16% from 0.83% last quarter.
Cal-Maine Foods has reported Q2 earnings per share at $0.65, which has increased by 3150.0% compared to Q1, which was 0.02. Its most recent dividend yield is at 0.82%, which has increased by 0.77% from 0.05% in the previous quarter.
This quarter, Greenlane Hldgs experienced an increase in earnings per share, which was $-6.56 in Q2 and is now $-1.91. Herbalife saw a decrease in earnings per share from 0.65 in Q3 to $0.28 now. Its most recent dividend yield is at 1.71%, which has decreased by 1.82% from 3.53% in the previous quarter.
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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