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Is Asbury Automotive Group (ABG) Stock Undervalued 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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Asbury Automotive Group (ABG - Free Report) . ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 8.66. This compares to its industry's average Forward P/E of 9.03. Over the past 52 weeks, ABG's Forward P/E has been as high as 9.78 and as low as 7.37, with a median of 8.43.
ABG is also sporting a PEG ratio of 0.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ABG's industry has an average PEG of 1.39 right now. Within the past year, ABG's PEG has been as high as 1.09 and as low as 0.47, with a median of 0.82.
Finally, we should also recognize that ABG has a P/CF ratio of 6.59. 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. ABG's P/CF compares to its industry's average P/CF of 6.67. Within the past 12 months, ABG's P/CF has been as high as 7.89 and as low as 5.31, with a median of 6.35.
These are just a handful of the figures considered in Asbury Automotive Group'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 ABG is an impressive value stock right now.
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Is Asbury Automotive Group (ABG) 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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Asbury Automotive Group (ABG - Free Report) . ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 8.66. This compares to its industry's average Forward P/E of 9.03. Over the past 52 weeks, ABG's Forward P/E has been as high as 9.78 and as low as 7.37, with a median of 8.43.
ABG is also sporting a PEG ratio of 0.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ABG's industry has an average PEG of 1.39 right now. Within the past year, ABG's PEG has been as high as 1.09 and as low as 0.47, with a median of 0.82.
Finally, we should also recognize that ABG has a P/CF ratio of 6.59. 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. ABG's P/CF compares to its industry's average P/CF of 6.67. Within the past 12 months, ABG's P/CF has been as high as 7.89 and as low as 5.31, with a median of 6.35.
These are just a handful of the figures considered in Asbury Automotive Group'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 ABG is an impressive value stock right now.