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Is Dell Technologies (DELL) Stock Undervalued Right Now?
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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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 to watch right now is Dell Technologies (DELL - Free Report) . DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 6.44, which compares to its industry's average of 15.93. DELL's Forward P/E has been as high as 7.49 and as low as 6.44, with a median of 7.09, all within the past year.
Investors will also notice that DELL has a PEG ratio of 0.54. 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. DELL's PEG compares to its industry's average PEG of 1.41. Within the past year, DELL's PEG has been as high as 0.54 and as low as 0.54, with a median of 0.54.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Dell Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DELL feels like a great value stock at the moment.
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Is Dell Technologies (DELL) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 to watch right now is Dell Technologies (DELL - Free Report) . DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 6.44, which compares to its industry's average of 15.93. DELL's Forward P/E has been as high as 7.49 and as low as 6.44, with a median of 7.09, all within the past year.
Investors will also notice that DELL has a PEG ratio of 0.54. 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. DELL's PEG compares to its industry's average PEG of 1.41. Within the past year, DELL's PEG has been as high as 0.54 and as low as 0.54, with a median of 0.54.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Dell Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DELL feels like a great value stock at the moment.