What is 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:
- PROG Holdings PRG - P/E: 9.53
- Capital Product Partners CPLP - P/E: 5.29
- Mueller Industries MLI - P/E: 8.49
- MDU Resources Gr MDU - P/E: 7.55
- Target Hospitality TH - P/E: 6.25
PROG Holdings saw a decrease in earnings per share from 0.92 in Q2 to $0.9 now. Most recently, Capital Product Partners reported earnings per share at $0.84, whereas in Q2 earnings per share sat at $0.75. Its most recent dividend yield is at 4.32%, which has increased by 0.39% from 3.93% in the previous quarter.
Most recently, Mueller Industries reported earnings per share at $0.59, whereas in Q2 earnings per share sat at $1.56. The company's most recent dividend yield sits at 1.53%, which has increased by 0.04% from 1.49% last quarter.
MDU Resources Gr looks to be undervalued. It possesses an EPS of $0.29, which has not changed since last quarter (Q2). The company's most recent dividend yield sits at 2.67%, which has increased by 0.42% from 2.25% last quarter.
Target Hospitality's earnings per share for Q3 sits at $0.43, whereas in Q2, they were at 0.44.
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.