5 Best Value Stocks to Buy for Q3 2024
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On this page we explain what makes a value stock and discuss the top options available right now. Get to know the pros and cons of looking for value and find out where’s best to buy your first shares.
What are the top value stocks to buy?
Copy link to sectionFind our expert value stock picks in the table below. We have scoured the markets to look for value opportunities and our research has thrown up these selections. Click the links to find up to date price information or keep reading to learn more about each company in detail.
| # | Stock symbol | Company name | Learn more |
|---|---|---|---|
| 1 | DECK | Deckers Outdoor Corporation | Learn more > |
| 2 | PG | The Procter & Gamble Company | Learn more > |
| 3 | LLOY | Lloyds Banking Group | Learn more > |
| 4 | GRMN | Garmin | Learn more > |
| 9 | VZ | Verizon Communications | Learn more > |
1. Deckers Outdoor Corporation (NYSE: DECK)
Copy link to section- Market cap: $27 billion
- Dividend yield: N/A
- 5-year return: 549%
- Country: US
Deckers Outdoor Corporation is a leading American company that owns some of the best-known names in the outdoors industry like UCG, HOKA, Teva, and Sanuk. It sells its products to wholesalers and directly to consumers.
Decker’s business has grown well in the past few years as demand for outdoor products rose. Revenue jumped from over $2.1 billion in 2020 to over $4.27 billion in 2024. Its net income stands at over $759 million.
Decker’s gross profit margin has moved to 55.6%, which is higher than the sector median of 36% while the net income margin came in at 17.7%, higher than the industry median of 4.7%. Therefore, while Deckers Outdoor seems overvalued, it has more room to grow in the US and other countries.
2. Procter & Gamble (NYSE: PG)
Copy link to section- Market cap: $397 billion
- Dividend yield: 2.39%
- 5-year return: 55%
- Country: US
Procter & Gamble is one of the best value stocks in the US. It is a well-known company that owns some of the top brands globally. It owns companies like Olay, Always, Ariel, Oral-B, and Gillette.
P&G is a cash printer that makes a fortune each year. Its revenue has risen to over $84 billion while its net income has soared to over $15 billion. The company has a solid balance sheet and has a track record of paying dividends to its shareholders. It is one of the top dividend kings having boosted its dividends for over 50 years.
P&G has excellent supply chains and the ability to boost prices when conditions change. This explains why it has a bigger profit margin than its competitors. It has a profit margin of 18%, higher than the sector median of 5.28%. It also has room to grow as the world’s population grows.
3. Lloyds Banking Group (LON: LLOY)
Copy link to section- Market cap: $44 billion
- Dividend yield: 6.59%
- 5-year return: -5%
- Country: UK
Lloyds is a British bank and the largest financial institution in the UK. The group’s origins can be traced back hundreds of years, into the late 17th century, when the Bank of Scotland was first formed. Nowadays, the Bank of Scotland is just one of the high street banks that are part of the Lloyds group, which also includes Halifax and Scottish Widows.
Like most banks, Lloyds is trading a long way from its early-2000 highs. Low interest rates cut bank profit margins to the bone and that along with the recent pandemic have further hurt the share price, which fell to £30 in the aftermath of the Covid 19 crash in March 2020.
However, Lloyds is starting to make money again from more consumer spending and from a booming house market. It has a healthy balance sheet and no longer has to put aside so much money to protect itself, as it did throughout the pandemic. Those factors, along with the fact it pays dividends, make Lloyds one of the best UK value stocks, even without a rise in interest rates.
4. Garmin (NASDAQ: GRMN)
Copy link to section- Market cap: $31 billion
- Dividend yield: 1.83%
- 5-year return: 136%
- Country: US
Garmin is another value stock to consider invest in. While it is a little-known company, its products are used globally by millions of people. It is in the fitness industry, where it offers smartwatches, scales and monitors, and running and multi-sport watches.
It is also a leading brand in the outdoors, where it provides products like golf devices, adventure watches, personal navigation devices (PND), and dog devices. It is also a leading player in the aviation and marine industries, where it makes navigation solutions.
Garmin’s business is highly diversified and is constantly growing. Its revenue has jumped from over $3.7 billion in 2019 to over $5.2 billion in 2023. It is also one of the most profitable names in the industry. It has net income margins of over 25%.
Garmin is a good value investment because of its strong diversification, sticky products, and its large total addressable market. It also has a great balance sheet with over $2.1 billion in cash and minimal debt. It also has more room to continue growing its dividend over time.
5. Verizon (NYSE: VZ)
Copy link to section- Market cap: $173 billion
- Dividend yield: 6.45%
- 5-year return: -28%
- Country: US
Verizon is an American telecoms company founded in 1983. It’s the second largest wireless network company in the country with well over 100 million customers, and also second only to AT&T in terms of revenue.
The stock has traded relatively flat for many years. Margins are low in telecoms because there’s so much competition for customers and both AT&T and Verizon have been distracted by trying to seek out new business areas. 5G internet, however, promises to change that, and everyone is engaged in a race to be the new market leader.
Verizon’s strategy involves selling off non-core businesses like AOL and Yahoo to fund its 5G spending. It’s piling billions into building out the infrastructure required but still has managed to raise its dividend for 14 years in a row. It’s also available at a significant discount to competitors like T-Mobile, which makes it an excellent value stock to look at before 5G arrives.
The biggest challenge that Verizon faces is its huge debt burden with over $137 billion in debt, which could limit its ability to grow and acquire companies.
Where to buy the best value shares
Copy link to sectionTo buy any of these value stocks you need to find a reliable stock broker. The options below are all easy to get started with and you can set up an account in a few minutes via one of the links.
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What is a value stock?
Copy link to sectionA value stock is a company whose shares are available more cheaply than you would expect based on its stock market performance and exhibits specific characteristics that attract value investors. This contrasts with growth stocks, which are rapidly growing companies with high stock prices. Value stocks are often seen as relatively cheap stocks.
Many factors and valuation metrics help determine if a company is a value stock. The price to earnings ratio (P/E ratio), or the company’s intrinsic value, are commonly used methods. Value investors utilising a value investing strategy look for companies with solid fundamentals, such as a low P/E ratio or a high dividend yield. The main aim is to find a stock trading below its intrinsic value and with the potential to provide long term value.
Value investing is the method used by renowned investor Warren Buffett. The investment strategy focuses on fundamental analysis of the company’s outlook rather than short-term technical analysis. The best-value stocks are usually associated with mature businesses like technology stocks. These companies have a more stable outlook and focus on generating steady earnings and dividends.
Are value shares a good investment?
Copy link to sectionValue stocks can be a good investment option for patient investors focused on the bigger picture rather than short-term gains. Investing in a value stock may not be as popular as a growth stock; however, they appeal to value investors looking for undervalued companies.
In a time where the stock price of several companies has soared in recent years, value stocks stand out as more attractively priced and can be found in various sectors and industries. Value investors look for companies with solid fundamentals, steady earnings growth, and reasonable price valuations compared to current stock prices.
If you’re investment style allows you to put in the time to evaluate businesses, then value stocks can prove to be very profitable. An excellent place to start looking for value opportunities is through the news, where you can find the latest annual reports and any developments that might affect share prices in the short term.
Methodology: How we choose the best value stocks
Copy link to sectionAt Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.
- Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
- Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
- Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
- Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
- Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
- Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.
Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.
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