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.
Below is a list of notable value stocks in the communication services sector:
- Thryv Holdings THRY - P/E: 6.43
- Sinclair Broadcast Group SBGI - P/E: 0.53
- PLDT PHI - P/E: 9.87
- Tegna TGNA - P/E: 8.25
- DISH Network DISH - P/E: 5.06
Thryv Holdings saw a decrease in earnings per share from 1.61 in Q2 to $0.37 now. This quarter, Sinclair Broadcast Group experienced an increase in earnings per share, which was $-0.03 in Q2 and is now $0.36. Most recently, the company reported a dividend yield of 5.41%, which has increased by 0.86% from last quarter's yield of 4.55%.
This quarter, PLDT experienced an increase in earnings per share, which was $0.67 in Q2 and is now $0.87. Its most recent dividend yield is at 8.77%, which has increased by 5.4% from 3.37% in the previous quarter.
Most recently, Tegna reported earnings per share at $0.65, whereas in Q2 earnings per share sat at $0.6. Its most recent dividend yield is at 1.82%, which has increased by 0.02% from 1.8% in the previous quarter.
DISH Network's earnings per share for Q3 sits at $0.65, whereas in Q2, they were at 0.82.
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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