In our hunt for attractive value plays, Benchmark Electronics, Inc. (BHE) came across our desk from a recent screen we ran. This company along with its subsidiaries operate internationally in the engineering and technology markets. Currently, the stock trades with an earnings multiple of just under 19 which does not look that attractive compared to Benchmark's average valuation over the past 5 years for example.
What does look attractive however is how cheap the firm's assets and sales are at present. We place the book and sales multiples as the most important valuation