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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 consumer cyclical sector:
- Lennar (NYSE:LEN) - P/E: 5.66
- Buckle (NYSE:BKE) - P/E: 8.72
- Kohl's (NYSE:KSS) - P/E: 7.54
- Designer Brands (NYSE:DBI) - P/E: 6.95
- Tri Pointe Homes (NYSE:TPH) - P/E: 3.62
Lennar has reported Q3 earnings per share at $5.18, which has increased by 10.45% compared to Q2, which was 4.69. The company's most recent dividend yield sits at 2.04%, which has decreased by 0.24% from 2.28% last quarter.
Buckle's earnings per share for Q3 sits at $1.24, whereas in Q2, they were at 1.01. Its most recent dividend yield is at 4.11%, which has decreased by 0.22% from 4.33% in the previous quarter.
This quarter, Kohl's experienced a decrease in earnings per share, which was $1.11 in Q2 and is now $0.82. Most recently, the company reported a dividend yield of 6.94%, which has increased by 0.58% from last quarter's yield of 6.36%.
Most recently, Designer Brands reported earnings per share at $0.62, whereas in Q1 earnings per share sat at $0.48. The company's most recent dividend yield sits at 1.39%, which has increased by 0.18% from 1.21% last quarter.
Tri Pointe Homes has reported Q3 earnings per share at $1.45, which has increased by 9.02% compared to Q2, which was 1.33. The company's most recent dividend yield sits at 0.78%, which has increased by 0.09% from 0.69% last quarter.
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.
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.