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Is TTM Technologies (TTMI) a Great Value Stock Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is TTM Technologies (TTMI - Free Report) . TTMI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 8.66, while its industry has an average P/E of 17.68. Over the last 12 months, TTMI's Forward P/E has been as high as 12.60 and as low as 8.09, with a median of 9.79.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. TTMI has a P/S ratio of 0.52. This compares to its industry's average P/S of 1.21.
Finally, investors will want to recognize that TTMI has a P/CF ratio of 6.11. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.78. TTMI's P/CF has been as high as 9.08 and as low as 5.69, with a median of 7.05, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that TTM Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, TTMI feels like a great value stock at the moment.
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Is TTM Technologies (TTMI) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is TTM Technologies (TTMI - Free Report) . TTMI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 8.66, while its industry has an average P/E of 17.68. Over the last 12 months, TTMI's Forward P/E has been as high as 12.60 and as low as 8.09, with a median of 9.79.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. TTMI has a P/S ratio of 0.52. This compares to its industry's average P/S of 1.21.
Finally, investors will want to recognize that TTMI has a P/CF ratio of 6.11. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.78. TTMI's P/CF has been as high as 9.08 and as low as 5.69, with a median of 7.05, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that TTM Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, TTMI feels like a great value stock at the moment.