Is the SSE share price (LON:SSE) good value at 1,323p?

Sse (LON:SSE) is a UK-listed utility large cap engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. For the six months ended 30 September 2019, SSE PLC revenues decreased 8% to £3.05bn but net income swung from a loss of £268.5m to a profit of £64.2m.

Right now the SSE share price appears to represent solid value, as shown in the group's Value Rank of 62. Let's explore this in more detail.

Digging into Sse's Value Rank

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

• Rolling price to book value of 2.84,
• Trailing twelve month price to earnings ratio of 17.4
• Rolling dividend yield of 6.45%, and a
• Trailing twelve-month price to sales ratio of 1.94

This combination of financial traits suggests that, while SSE 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.

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 SSE that you can find out about here.