Understanding 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.
Benzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching:
- Genesco GCO - P/E: 6.27
- Shoe Carnival SCVL - P/E: 7.3
- Qurate Retail QRTEA - P/E: 2.74
- Abercrombie & Fitch ANF - P/E: 7.72
- Meritage Homes MTH - P/E: 6.77
Most recently, Genesco reported earnings per share at 2.36, whereas in Q2 earnings per share sat at 1.05. Shoe Carnival saw an increase in earnings per share from 1.54 in Q2 to 1.64 now. Most recently, the company reported a dividend yield of 0.74%, which has decreased by 0.06% from last quarter's yield of 0.8%.
Most recently, Qurate Retail reported earnings per share at 0.3, whereas in Q2 earnings per share sat at 0.54. Abercrombie & Fitch has reported Q3 earnings per share at 0.86, which has decreased by 49.41% compared to Q2, which was 1.7. Its most recent dividend yield is at 1.94%, which has decreased by 2.94% from 4.88% in the previous quarter.
Most recently, Meritage Homes reported earnings per share at 5.25, whereas in Q2 earnings per share sat at 4.73.
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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