What Defines a Value Stock?
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 industrials sector:
- Global Ship Lease GSL - P/E: 2.72
- Golden Ocean Group GOGL - P/E: 4.17
- GEO Group GEO - P/E: 6.75
- Radiant Logistics RLGT - P/E: 7.21
- Pyxis Tankers PXS - P/E: 5.71
Global Ship Lease saw a decrease in earnings per share from 2.38 in Q3 to $2.14 now. Its most recent dividend yield is at 7.64%, which has decreased by 0.72% from 8.36% in the previous quarter.
This quarter, Golden Ocean Group experienced a decrease in earnings per share, which was $0.52 in Q3 and is now $0.34. Its most recent dividend yield is at 8.42%, which has decreased by 6.06% from 14.48% in the previous quarter.
GEO Group saw a decrease in earnings per share from 0.6 in Q3 to $0.58 now. The company's most recent dividend yield sits at 11.16%, which has decreased by 0.86% from 12.02% last quarter.
This quarter, Radiant Logistics experienced a decrease in earnings per share, which was $0.27 in Q1 and is now $0.21. This quarter, Pyxis Tankers experienced an increase in earnings per share, which was $0.42 in Q3 and is now $0.53.
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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