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.

Benzinga Insights has compiled a list of value stocks in the technology sector that may be worth watching:

1. Daqo New Energy DQ - P/E: 2.3
2. IBEX IBEX - P/E: 9.28
3. STMicroelectronics STM - P/E: 9.19
4. ChipMOS TECHNOLOGIES IMOS - P/E: 8.25
5. Canadian Solar CSIQ - P/E: 4.34

Most recently, Daqo New Energy reported earnings per share at $1.75, whereas in Q1 earnings per share sat at $3.93. Most recently, IBEX reported earnings per share at $0.33, whereas in Q3 earnings per share sat at $0.59. STMicroelectronics's earnings per share for Q2 sits at $1.06, whereas in Q1, they were at 1.1. Most recently, the company reported a dividend yield of 0.49%, which has ('', 'not changed') by 0.0% from last quarter's yield of 0.49%.

ChipMOS TECHNOLOGIES's earnings per share for Q2 sits at $0.56, whereas in Q1, they were at 0.18. Most recently, the company reported a dividend yield of 8.81%, which has increased by 4.61% from last quarter's yield of 4.2%.

Canadian Solar saw an increase in earnings per share from 1.19 in Q1 to $2.39 now.

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.