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 technology sector:
- Daktronics (NASDAQ:DAKT) - P/E: 7.95
- Sigmatron Intl (NASDAQ:SGMA) - P/E: 2.37
- Nokia (NYSE:NOK) - P/E: 4.65
- CXApp (NASDAQ:CXAI) - P/E: 0.41
- Avnet (NASDAQ:AVT) - P/E: 5.49
Daktronics saw a decrease in earnings per share from 0.42 in Q1 to $0.27 now. Most recently, the company reported a dividend yield of 3.4%, which has increased by 0.02% from last quarter's yield of 3.38%.
This quarter, Sigmatron Intl experienced a decrease in earnings per share, which was $0.04 in Q1 and is now $0.0. Nokia saw a decrease in earnings per share from 0.08 in Q2 to $0.05 now. Its most recent dividend yield is at 3.95%, which has increased by 0.54% from 3.41% in the previous quarter.
CXApp's earnings per share for Q3 sits at $0.13, whereas in Q2, they were at -1.05. Most recently, Avnet reported earnings per share at $1.61, whereas in Q4 earnings per share sat at $2.06. Its most recent dividend yield is at 2.55%, which has increased by 0.04% from 2.51% in the previous quarter.
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.