Thanks to recession fears, value stocks enjoyed a brief resurgence over the summer. However, that was before the market’s record-breaking rally began. Now, investors are favoring higher-risk assets, but value stocks can still net big gains.
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Best Value Stocks
These value stocks represent some of the best companies, and they’re trading for cheap.
AllianceBernstein Holding LP (AB)
AllianceBernstein is a value stock that has been performing well since the start of the year. Despite recording a 25% increase in price year-to-date, the stock still looks like a steal.
The asset management firm’s price-to-book is 1.93, while its price/earnings ratio stands at an impressive 12.50. Last week, AllianceBernstein announced that its preliminary asset under management as of October 31st was $601 billion.
This represents a 1.5% increase from the $592 billion it recorded in September 2019. The increase in their assets under management was due to market appreciation.
MarineMax Inc. (HZO)
MarineMax is a Florida-based boat dealer. The company’s stock performed poorly since the start of the year. However, due to its impressive P/B and P/E ratios, it remains a steal at its current price.
The price-to-book ratio for MarineMax is 0.96, while its price-to-earnings ratio stands at 10.10. MarineMax’s full-year earnings have received an upgrade from Wedbush on Wednesday, November 20. The company is expected to record an EPS of $1.73 per year, up from the previous estimation of $1.70.
MarineMax also increased its financing facility to enable borrowing of up to $440 million. This is up from the previous sum of $400 million.
Miller Industries, Inc. (MLR)
Miller Industries is a Tennessee-based towing and recovery equipment manufacturer. Miller Industries’ stock is up by 29% since the start of the year. It could surge higher over the coming months, making it a steal at its current price.
With a market cap of $403 million, the P/B ratio for Miller Industries stands at 1.63. Meanwhile, the price to earnings ratio of the stock is 11.08. Miller Industries missed earnings expectations during the previous quarter.
The quarterly net sales were $195.5 million, which is below analysts’ estimation of $195.7 million. The net income dropped YOY, from $8.7 million to $8.1 million in the third quarter of 2019.
Ameris Bancorp (ABCB)
Ameris Bancorp’s has had a great year so far, up by 38% from January to date. Share prices could rise higher soon, analysts expect an excellent quarter for the bank.
The P/B ratio for Ameris stands at 1.24, while its price-to-earnings ratio is 14.99. The stock could be set to perform higher as analysts raised their expectations for the current quarter. Equities research analysts at Piper Jaffray Companies expect Ameris to post an EPS of $1.10 for the current quarter. This estimation is higher than the $1.09 they previously reported to their investors.
More Affordable Value Stocks
After years of underwhelming performance, value stocks are heating up. Stay tuned to the Dork to keep track of breakout penny stocks. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.