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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Signet (SIG - Free Report) . SIG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 14.86. This compares to its industry's average Forward P/E of 24.44. Over the past year, SIG's Forward P/E has been as high as 4,841.86 and as low as -1,690.44, with a median of 11.16.
Investors will also notice that SIG has a PEG ratio of 1.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. SIG's industry currently sports an average PEG of 2.60. Over the last 12 months, SIG's PEG has been as high as 605.23 and as low as -211.30, with a median of 1.40.
We should also highlight that SIG has a P/B ratio of 1.53. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.83. Over the past year, SIG's P/B has been as high as 1.53 and as low as 0.25, with a median of 0.88.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. SIG has a P/S ratio of 0.3. This compares to its industry's average P/S of 0.55.
These are only a few of the key metrics included in Signet's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SIG looks like an impressive value stock at the moment.
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Is Signet (SIG) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Signet (SIG - Free Report) . SIG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 14.86. This compares to its industry's average Forward P/E of 24.44. Over the past year, SIG's Forward P/E has been as high as 4,841.86 and as low as -1,690.44, with a median of 11.16.
Investors will also notice that SIG has a PEG ratio of 1.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. SIG's industry currently sports an average PEG of 2.60. Over the last 12 months, SIG's PEG has been as high as 605.23 and as low as -211.30, with a median of 1.40.
We should also highlight that SIG has a P/B ratio of 1.53. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.83. Over the past year, SIG's P/B has been as high as 1.53 and as low as 0.25, with a median of 0.88.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. SIG has a P/S ratio of 0.3. This compares to its industry's average P/S of 0.55.
These are only a few of the key metrics included in Signet's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SIG looks like an impressive value stock at the moment.