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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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 company to watch right now is SkyWest (SKYW - Free Report) . SKYW is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for SKYW is its P/B ratio of 1.50. 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 solid versus its industry's average P/B of 2.80. Within the past 52 weeks, SKYW's P/B has been as high as 1.83 and as low as 1.15, with a median of 1.50.
Finally, we should also recognize that SKYW has a P/CF ratio of 4.66. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SKYW's current P/CF looks attractive when compared to its industry's average P/CF of 6.19. Over the past year, SKYW's P/CF has been as high as 4.96 and as low as 2.85, with a median of 4.22.
These are only a few of the key metrics included in SkyWest's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SKYW looks like an impressive value stock at the moment.
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Is SkyWest (SKYW) Stock Undervalued 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 company to watch right now is SkyWest (SKYW - Free Report) . SKYW is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for SKYW is its P/B ratio of 1.50. 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 solid versus its industry's average P/B of 2.80. Within the past 52 weeks, SKYW's P/B has been as high as 1.83 and as low as 1.15, with a median of 1.50.
Finally, we should also recognize that SKYW has a P/CF ratio of 4.66. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SKYW's current P/CF looks attractive when compared to its industry's average P/CF of 6.19. Over the past year, SKYW's P/CF has been as high as 4.96 and as low as 2.85, with a median of 4.22.
These are only a few of the key metrics included in SkyWest's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SKYW looks like an impressive value stock at the moment.