Is the ITV share price good value at 113p?

ITV (LON:ITV) is a large cap in the Media & Publishing industry. The Company creates, owns and distributes content around the world and operates through two segments: Broadcast & Online and ITV Studios.

Right now the ITV share price appears to represent solid value, as shown in the group's Value Rank of 69. Let's explore this in more detail.

Digging into Itv's Value Rank

Looking at ITV's StockReport, we can see that the group has a:

• Rolling price to book value of 6.53,
• Trailing twelve month price to earnings ratio of 8.53
• Trailing twelve month price to free cashflow of 12.5
• Rolling dividend yield of 7.04%
• Trailing twelve-month price to sales ratio of 1.47

This combination of financial traits suggests that, while ITV stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.

The fact that revenue fell by 7% to £1.48bn and net income decreased 10% to £191m for the six months ended 30 June 2019 suggests that further investigation is required to understand the group's near-term trading prospects.

What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with ITV that you can find out about here.