What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:
- Hawaiian Electric Indus (NYSE:HE) - P/E: 6.0
- Vistra (NYSE:VST) - P/E: 9.07
- Enel Chile (NYSE:ENIC) - P/E: 2.79
- Brookfield Renewable (NYSE:BEPC) - P/E: 5.95
- Genie Energy (NYSE:GNE) - P/E: 8.1
Hawaiian Electric Indus ...