Is Carriage Services, Inc. overvalued or undervalued?
As of October 15, 2023, Carriage Services, Inc. is considered attractive and undervalued with a P/E ratio of 15.2, a P/B ratio of 2.1, and a 3.5% dividend yield, trading at a discount compared to peers like Service Corporation International and Hillenbrand, Inc., while also outperforming the Sensex.
As of 15 October 2023, Carriage Services, Inc. moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 15.2, a Price-to-Book (P/B) ratio of 2.1, and a Dividend Yield of 3.5%. In comparison to peers, Service Corporation International has a P/E of 18.5, while Hillenbrand, Inc. shows a P/B of 2.5. These comparisons indicate that Carriage Services, Inc. is trading at a discount relative to its industry peers. Additionally, the stock has outperformed the Sensex recently, further supporting the argument for its undervaluation.
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