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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.
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Below is a list of notable value stocks in the technology sector:
- Synnex (NYSE:SNX) - P/E: 8.57
- NCR (NYSE:NCR) - P/E: 9.86
- Hamilton Beach Brands (NYSE:HBB) - P/E: 8.92
- China Index Holdings (NASDAQ:CIH) - P/E: 4.48
- Inpixon (NASDAQ:INPX) - P/E: 0.07
Most recently, Synnex reported earnings per share at 5.21, whereas in Q3 earnings per share sat at 3.33. The company's most recent dividend yield sits at 1.26%, which has decreased by 0.74% from 2.0% last quarter.
NCR saw an increase in earnings per share from 0.27 in Q2 to 0.54 now. NCR does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Hamilton Beach Brands saw a decrease in earnings per share from 0.59 in Q2 to -0.15 now. Its most recent dividend yield is at 1.95%, which has decreased by 0.11% from 2.06% in the previous quarter.
Most recently, China Index Holdings reported earnings per share at 0.12, whereas in Q2 earnings per share sat at 0.1. China Index Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
This quarter, Inpixon experienced an increase in earnings per share, which was -0.21 in Q2 and is now -0.13. Inpixon does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.