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.
Below is a list of notable value stocks in the industrials sector:
- Globus Maritime GLBS - P/E: 1.18
- Hertz Global Holdings HTZ - P/E: 6.9
- HireRight Holdings HRT - P/E: 8.0
- Navios Maritime Partners NMM - P/E: 1.13
- Harte-Hanks HHS - P/E: 1.67
Globus Maritime has reported Q1 earnings per share at $-0.09, which has increased by 40.0% compared to Q4, which was -0.15. Hertz Global Holdings has reported Q2 earnings per share at $0.72, which has increased by 84.62% compared to Q1, which was 0.39. Most recently, HireRight Holdings reported earnings per share at $0.34, whereas in Q1 earnings per share sat at $0.18. This quarter, Navios Maritime Partners experienced an increase in earnings per share, which was $2.13 in Q1 and is now $3.32. Most recently, the company reported a dividend yield of 0.87%, which has increased by 0.01% from last quarter's yield of 0.86%.
Harte-Hanks has reported Q2 earnings per share at $0.16, which has increased by 245.45% compared to Q1, which was -0.11. The company's most recent dividend yield sits at 10.59%, which has increased by 0.76% from 9.83% last quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.