A Trio of Mid-Cap Stock With Low Price-Book Ratios

Ashland Global Holdings tops the list

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When investors choose stocks whose market capitalization exceeds $2 billion and whose price-book ratio stands below 1.5, they increase their likelihood to unearth value stocks.

Thus, value investors may want to consider the following stocks, as they meet the above-listed criteria.

Ashland Global Holdings Inc

The first company that meets the criteria is Ashland Global Holdings Inc (ASH, Financial), a Covington, Kentucky-based global provider of specialty chemicals.

The share price was trading at $71.09 at close on Oct. 1 for a market capitalization of $4.3 billion and a price-book ratio of 1.43.

The stock price has fallen by 4.5% over the past year for a 52-week range of $38.88 to $81.82.

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GuruFocus assigned a moderate rating of 4 out of 10 to the financial strength and a positive rating of 5 out of 10 to the profitability of the company.

The stock has an overweight recommendation rating with an average target price of $88 per share on Wall Street.

JOYY Inc

The second company that meets the criteria is JOYY Inc (YY, Financial), a Chinese social media company.

The share price was trading at $83.12 at close on Oct. 1 for a market capitalization of $5.28 billion and a price-book ratio of 1.17.

The stock price has risen 44% over the past year for a 52-week range of $41.33 to $99.35.

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GuruFocus assigned a very good rating of 7 out of 10 for the company's financial strength and a high rating of 8 out of 10 for its profitability.

On Wall Street, the stock has a buy recommendation rating with an average target price of 732 Chinese yuan ($107.76) per share.

Lundin Mining Corp

The third company that meets the criteria is Lundin Mining Corp (LUNMF, Financial), a Canadian explorer, developer and miner of base and precious metals in the U.S., South America, Portugal and Sweden.

The share price was trading at $5.50 on Oct. 1 for a market capitalization of $4.03 billion and a price-book ratio of 1.04.

The stock has risen by nearly 20% over the past year, determining a 52-week range of $2.82 to $6.59.

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GuruFocus assigned a positive rating of 6 out of 10 for the company's financial strength and a very good rating of 7 out of 10 for its profitability.

On Wall Street, the stock has a buy recommendation rating with an average target price of 7.32 Canadian dollars (about $5.50) per share.

Disclosure: I have no positions in any securities mentioned in this article.

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