HF Sinclair and Arrow are Value Stocks on the Move
Posted: September 01, 2026
August 31, 2026 (Maple Hill Syndicate) – A lot of value stocks have come to life this year.
While it’s too soon to declare a full-scale value revival, value investors are having more fun lately. As a value investor myself, I’m hoping the trend lasts.
Here are five value stocks that are on the move. Each of them is up at least 15% this year. And they sell for modest multiples – less than two times revenue, less than two times book value (corporate net worth per share) and less than 15 times earnings.
HF Sinclair
You’ve probably seen gas stations with a dinosaur logo. They sell gasoline refined by HF Sinclair Corp. (DINO), a refiner and pipeline company. The stations themselves aren’t owned by Sinclair Oil, just licensed to use the name.
Refiners are having a field day lately, partly because of a worldwide gasoline shortage caused by the war with Iran. The question is how long the good times will roll. I think they will roll for another year or more.
Analysts are more pessimistic than I am. Of 17 analysts who follow the stock, only seven recommend it. The consensus forecast is that the stock will fall 11% from its current level of just below $100. This doesn’t bother me, as I often prefer unpopular stocks.
Sinclair has suffered two losses in the past ten years. But in the past four quarters it has seen its profits leap more than 500% on a 10% increase in revenue. The stock has doubled this year, but still sells for less than ten times earnings.
Arrow Electronics
Arrow Electronics Inc. (ARW), based in Centennial, Colorado, is up about 80% this year and sells for 13 times earnings. It is a broad-scale wholesaler of electronic parts. No single customer accounts for more than 2% of its sales, which totaled close to $36 billion in the past four quarters.
Over the past decade, Arrow has grown its sales by 10% a year, and earnings by roughly the same. In the past year, sales and earnings have accelerated well beyond that pace, goosed by demand from the artificial-intelligence build-out.
Sirius XM
Sirius XM Holdings Inc. (SIRI), out of New York City, runs a subscription satellite radio service. It also owns Pandora, which offers music streaming. The stock has struggled over the past five to ten years, but has bounced 39% this year.
Wall Street analysts pretty much hate Sirius XM. Only four out of 16 analysts recommend it. Eight slap “hold” ratings on it, and four rate it “underperform” or “sell.”
That seems harsh for a company that has shown a profit in nine of the past ten years. The stock sells for 11 times trailing earnings and less than 10 times analysts’ estimate of earnings this year.
Greif Inc.
Originally a maker of wooden barrels, Greif Inc. (GEF class B) of Delaware, Ohio, now makes all sorts of industrial packaging products. Sales have grown slowly, and were down in the past year. But the company has consistently been profitable, and has paid dividends each year for more than 50 years.
Brokerage houses barely bother to cover Greif. But some big-name investors own the stock. This year they have included Renaissance Technologies and hedge-fund manager Steven Cohen (who also owns the New York Mets).
Ziff Davis
Formerly a publisher of trade magazines, Ziff Davis Inc. (ZD) is now a digital media company. It owns more than 40 brands, including CNET, ExtremeTech, LifeHacker, Mashable, PCMag and Popular Science.
The shares have risen 64% this year and the stock sells for about 11 times analysts’ estimate of this year’s earnings.
Performance
Beginning in 2000, I’ve written 49 columns on stocks that show both value and momentum. One-year returns can be calculated for 47 columns, and they have averaged 13.46%.
That compares favorably to 11.39% for the Standard & Poor’s 500 Total Return Index over the same 47 periods.
Bear in mind that my column results are hypothetical and shouldn’t be confused with results I obtain for clients. Also, past performance doesn’t predict the future.
My recommendations were profitable in 32 of the 47 columns, and beat the index 24 times.
The picks from a year ago showed a 16.9% return but trailed the S&P, which returned 20.8% including dividends. The standout pick was Newmont Corp. (NEM), up about 74%. The biggest laggard was Cal-Maine Foods Inc. (CALM), down close to 29%.
Disclosure: I own Cal-Maine Foods personally and for most of my clients. While it did badly in the past year, it’s up substantially from cost.
John Dorfman is chairman of Dorfman Value Investments in Boston, Massachusetts. His firm or clients may own or trade the stocks discussed here. He can be reached at jdorfman@dorfmanvalue.com.