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.
The following stocks are considered to be notable value stocks in the communication services sector:
- Tegna TGNA - P/E: 4.64
- Scienjoy Holding SJ - P/E: 7.54
- Sinclair SBGI - P/E: 3.32
- Verizon Communications VZ - P/E: 6.17
- Liberty SiriusXM Gr LSXMA - P/E: 9.62
Tegna has reported Q2 earnings per share at $0.44, which has decreased by 6.38% compared to Q1, which was 0.47. Its most recent dividend yield is at 2.7%, which has increased by 0.31% from 2.39% in the previous quarter.
Scienjoy Holding saw an increase in earnings per share from 0.02 in Q1 to $0.29 now. This quarter, Sinclair experienced a decrease in earnings per share, which was $2.71 in Q1 and is now $1.67. The company's most recent dividend yield sits at 7.33%, which has increased by 1.97% from 5.36% last quarter.
This quarter, Verizon Communications experienced an increase in earnings per share, which was $1.2 in Q1 and is now $1.21. Its most recent dividend yield is at 7.78%, which has increased by 0.45% from 7.33% in the previous quarter.
This quarter, Liberty SiriusXM Gr experienced an increase in earnings per share, which was $0.06 in Q1 and is now $0.08.
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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