The Meaning Behind Value Stocks
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 consumer cyclical sector that may be worth watching:
- KB Home KBH - P/E: 3.89
- Legacy Housing LEGH - P/E: 8.2
- Caleres CAL - P/E: 5.42
- LCI Indus LCII - P/E: 7.38
- M/I Homes MHO - P/E: 3.32
KB Home's earnings per share for Q4 sits at $2.47, whereas in Q3, they were at 2.86. The company's most recent dividend yield sits at 1.7%, which has decreased by 0.48% from 2.18% last quarter.
Legacy Housing's earnings per share for Q3 sits at $0.58, whereas in Q2, they were at 0.69. Caleres has reported Q3 earnings per share at $1.15, which has decreased by 16.67% compared to Q2, which was 1.38. The company's most recent dividend yield sits at 1.21%, which has increased by 0.1% from 1.11% last quarter.
LCI Indus saw a decrease in earnings per share from 2.4 in Q3 to $-0.68 now. Its most recent dividend yield is at 3.59%, which has decreased by 0.69% from 4.28% in the previous quarter.
This quarter, M/I Homes experienced an increase in earnings per share, which was $4.67 in Q3 and is now $5.15.
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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