ENSCO PLC (NYSE:ESV) could be considered to be one of the few prospective value investments available on the market right now. Indeed, as I write, according to some broker estimates, Ensco is trading at a near 10% discount to its peers on an EV/revenue basis and a 25% discount to its peers on a P/B basis. Having said all of that, on an EV/EBIT basis, Ensco is actually trading at a near 25% premium to the average multiple of its peers.
So, depending on where you look, ENSCO PLC (NYSE:ESV) appears both expensive and cheap. However, with a 3.5% dividend yield, ten years of positive earnings,...
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