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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.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is FGL Holdings (FG - Free Report) . FG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 5.51 right now. For comparison, its industry sports an average P/E of 9.11. Over the last 12 months, FG's Forward P/E has been as high as 12.69 and as low as 4.59, with a median of 7.08.
Investors should also recognize that FG has a P/B ratio of 1.17. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.86. FG's P/B has been as high as 1.53 and as low as 0.89, with a median of 1.16, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that FGL Holdings is likely undervalued currently. And when considering the strength of its earnings outlook, FG sticks out at as one of the market's strongest value stocks.
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Is FGL Holdings (FG) Stock Undervalued 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.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is FGL Holdings (FG - Free Report) . FG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 5.51 right now. For comparison, its industry sports an average P/E of 9.11. Over the last 12 months, FG's Forward P/E has been as high as 12.69 and as low as 4.59, with a median of 7.08.
Investors should also recognize that FG has a P/B ratio of 1.17. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.86. FG's P/B has been as high as 1.53 and as low as 0.89, with a median of 1.16, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that FGL Holdings is likely undervalued currently. And when considering the strength of its earnings outlook, FG sticks out at as one of the market's strongest value stocks.