The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 stock to keep an eye on is Anthem . ANTM is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 15.97. This compares to its industry's average Forward P/E of 17.37. ANTM's Forward P/E has been as high as 17.02 and as low as 13.85, with a median of 15.35, all within the past year.
ANTM is also sporting a PEG ratio of 1.15. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ANTM's PEG compares to its industry's average PEG of 1.29. Within the past year, ANTM's PEG has been as high as 1.42 and as low as 1.08, with a median of 1.30.
Investors should also recognize that ANTM has a P/B ratio of 2.82. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. ANTM's current P/B looks attractive when compared to its industry's average P/B of 3.91. Within the past 52 weeks, ANTM's P/B has been as high as 2.82 and as low as 2.08, with a median of 2.31.
These are just a handful of the figures considered in Anthem's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ANTM is an impressive value stock right now.
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Is Anthem (ANTM) a Great Value Stock Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 stock to keep an eye on is Anthem . ANTM is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 15.97. This compares to its industry's average Forward P/E of 17.37. ANTM's Forward P/E has been as high as 17.02 and as low as 13.85, with a median of 15.35, all within the past year.
ANTM is also sporting a PEG ratio of 1.15. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ANTM's PEG compares to its industry's average PEG of 1.29. Within the past year, ANTM's PEG has been as high as 1.42 and as low as 1.08, with a median of 1.30.
Investors should also recognize that ANTM has a P/B ratio of 2.82. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. ANTM's current P/B looks attractive when compared to its industry's average P/B of 3.91. Within the past 52 weeks, ANTM's P/B has been as high as 2.82 and as low as 2.08, with a median of 2.31.
These are just a handful of the figures considered in Anthem's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ANTM is an impressive value stock right now.