There are many types of value shares

Experienced value investors often develop a degree of specialisation within the overall school of value investing - still emphasising (a) thorough analysis of the underlying business, (b) margin of safety, (c) looking for reasonable returns not extraordinary, and (d) exploiting the mistakes of Mr Market in his moods, but applying these ideas in different ways.
Peter Lynch, for example, recognises six categories of companies: slow growers, stalwarts, cyclical, asset plays (plenty of unrecognized value in the balance sheet), turnarounds and fast growers (or niche shares).
While his portfolio encompassed all categories, his favourite category is niche companies.
Slow Growers
These are companies which, while they might once have started out as fast growers, ran out of steam, lost their momentum, reached market saturation, or just get complacent and tired.
Most, if not all, industries slow down in time, but these slow growers do have one advantage; they pay dividends.
This can be attractive to the amateur investor, as he/she receives some income, but is not taking too much risk.
Dividend payments often attract investors, and cash piles up in the company, enabling it to finance expansion when needed, or pay extra dividends out if the company runs out of ideas for future growth.
Stalwarts
These are usually well-establi