While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of 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 Artisan Partners Asset Management (APAM - Free Report) . APAM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 10.49, which compares to its industry's average of 15.03. Over the last 12 months, APAM's Forward P/E has been as high as 14.71 and as low as 9.85, with a median of 12.08.
Investors will also notice that APAM has a PEG ratio of 0.43. 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. APAM's industry has an average PEG of 0.83 right now. Within the past year, APAM's PEG has been as high as 2.22 and as low as 0.41, with a median of 0.70.
Finally, investors should note that APAM has a P/CF ratio of 12.62. 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. APAM's current P/CF looks attractive when compared to its industry's average P/CF of 16.45. Over the past 52 weeks, APAM's P/CF has been as high as 15.75 and as low as 11.01, with a median of 13.41.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Artisan Partners Asset Management is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, APAM feels like a great value stock at the moment.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of 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 Artisan Partners Asset Management (APAM - Free Report) . APAM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 10.49, which compares to its industry's average of 15.03. Over the last 12 months, APAM's Forward P/E has been as high as 14.71 and as low as 9.85, with a median of 12.08.
Investors will also notice that APAM has a PEG ratio of 0.43. 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. APAM's industry has an average PEG of 0.83 right now. Within the past year, APAM's PEG has been as high as 2.22 and as low as 0.41, with a median of 0.70.
Finally, investors should note that APAM has a P/CF ratio of 12.62. 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. APAM's current P/CF looks attractive when compared to its industry's average P/CF of 16.45. Over the past 52 weeks, APAM's P/CF has been as high as 15.75 and as low as 11.01, with a median of 13.41.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Artisan Partners Asset Management is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, APAM feels like a great value stock at the moment.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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