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.
Benzinga Insights has compiled a list of value stocks in the consumer defensive sector that may be worth watching:
- Village Super Market VLGEA - P/E: 7.04
- Sunlands Technology STG - P/E: 0.94
- Grove Collaborative Hldgs GROV - P/E: 0.13
- iHuman IH - P/E: 6.1
- Ingles Markets IMKTA - P/E: 6.61
Most recently, Village Super Market reported earnings per share at $1.05, whereas in Q3 earnings per share sat at $0.69. Its most recent dividend yield is at 4.48%, which has increased by 0.08% from 4.4% in the previous quarter.
Sunlands Technology saw a decrease in earnings per share from 1.9 in Q1 to $1.73 now. Most recently, Grove Collaborative Hldgs reported earnings per share at $-0.31, whereas in Q2 earnings per share sat at $-0.32. iHuman saw a decrease in earnings per share from 0.15 in Q1 to $0.11 now. Ingles Markets saw an increase in earnings per share from 2.13 in Q2 to $2.54 now. Its most recent dividend yield is at 0.88%, which has increased by 0.09% from 0.79% 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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