Overview Of Value Stocks In The Healthcare Sector

Author: Benzinga Insights | November 06, 2023 10:44am

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.

The following stocks are considered to be notable value stocks in the healthcare sector:

1. Procaps Gr (NASDAQ:PROC) - P/E: 4.3
2. Panbela Therapeutics (NASDAQ:PBLA) - P/E: 0.0
3. Community Health Sys (NYSE:CYH) - P/E: 1.37
4. Leafly Holdings (NASDAQ:LFLY) - P/E: 3.66
5. Ocuphire Pharma (NASDAQ:OCUP) - P/E: 2.85

Procaps Gr's earnings per share for Q2 sits at $0.27, whereas in Q1, they were at 0.07. Panbela Therapeutics's earnings per share for Q2 sits at $-7.95, whereas in Q1, they were at -19.5. Community Health Sys's earnings per share for Q3 sits at $-0.33, whereas in Q2, they were at -0.22. Most recently, Leafly Holdings reported earnings per share at $-0.8, whereas in Q1 earnings per share sat at $-2.8. Ocuphire Pharma saw an increase in earnings per share from -0.28 in Q1 to $-0.24 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.

Posted In: CYH LFLY OCUP PBLA PROC