Is the Vodafone share price good value at 134p?

Vodafone (LON:VOD) is giant of the Telecommunications Services industry, providing a range of services (including voice, messaging and data across mobile and fixed networks) across Europe, Africa, and the Middle East and Asia Pacific (AMAP).

Right now the Vodafone share price appears to represent solid value, as shown in the group's Value Rank of 67. Let's explore this in more detail:

Digging into Vodafone's Value Rank

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

• Rolling price to book value of 0.64,
• Trailing twelve month price to earnings ratio of
• Trailing twelve month price to free cashflow of 8.24
• Rolling dividend yield of 4.26%
• Trailing twelve-month price to sales ratio of 0.91

This combination of financial traits suggests that, while Vodafone 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 Vodafone that you can find out about here.