What are 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.
The following stocks are considered to be notable value stocks in the technology sector:
- Bel Fuse (NASDAQ:BELFB) - P/E: 8.15
- Trio-Tech Intl (AMEX:TRT) - P/E: 9.6
- BlackSky Technology (NYSE:BKSY) - P/E: 4.34
- Avnet (NASDAQ:AVT) - P/E: 5.1
- Canaan (NASDAQ:CAN) - P/E: 1.43
Bel Fuse saw a decrease in earnings per share from 1.48 in Q3 to $1.35 now. The company's most recent dividend yield sits at 0.69%, which has decreased by 0.17% from 0.86% last quarter.
This quarter, Trio-Tech Intl experienced an increase in earnings per share, which was $0.19 in Q4 and is now $0.21. Most recently, BlackSky Technology reported earnings per share at $-0.11, whereas in Q2 earnings per share sat at $-0.22. Avnet has been featured as a value stock. Avnet's Q2 EPS sits at $2.0, which has not changed since last quarter (Q1). Its most recent dividend yield is at 2.5%, which has decreased by 0.12% from 2.62% in the previous quarter.
Canaan has reported Q3 earnings per share at $0.14, which has decreased by 76.67% compared to Q2, which was 0.6.
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.