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.
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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 company value investors might notice is Danaos (DAC - Free Report) . DAC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 3.50, while its industry has an average P/E of 4.49. Over the past year, DAC's Forward P/E has been as high as 5.30 and as low as 2.60, with a median of 3.84.
Another notable valuation metric for DAC is its P/B ratio of 1.03. 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. DAC's current P/B looks attractive when compared to its industry's average P/B of 1.15. DAC's P/B has been as high as 1.19 and as low as 0.70, with a median of 0.86, over the past year.
Finally, investors should note that DAC has a P/CF ratio of 1.83. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 4.08. DAC's P/CF has been as high as 4.06 and as low as 1.23, with a median of 1.68, all within the past year.
Golden Ocean Group (GOGL - Free Report) may be another strong Transportation - Shipping stock to add to your shortlist. GOGL is a # 2 (Buy) stock with a Value grade of A.
Golden Ocean Group sports a P/B ratio of 0.91 as well; this compares to its industry's price-to-book ratio of 1.15. In the past 52 weeks, GOGL's P/B has been as high as 0.96, as low as 0.56, with a median of 0.77.
These are just a handful of the figures considered in Danaos and Golden Ocean 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 DAC and GOGL is an impressive value stock right now.
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 >>
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.
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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 company value investors might notice is Danaos (DAC - Free Report) . DAC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 3.50, while its industry has an average P/E of 4.49. Over the past year, DAC's Forward P/E has been as high as 5.30 and as low as 2.60, with a median of 3.84.
Another notable valuation metric for DAC is its P/B ratio of 1.03. 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. DAC's current P/B looks attractive when compared to its industry's average P/B of 1.15. DAC's P/B has been as high as 1.19 and as low as 0.70, with a median of 0.86, over the past year.
Finally, investors should note that DAC has a P/CF ratio of 1.83. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 4.08. DAC's P/CF has been as high as 4.06 and as low as 1.23, with a median of 1.68, all within the past year.
Golden Ocean Group (GOGL - Free Report) may be another strong Transportation - Shipping stock to add to your shortlist. GOGL is a # 2 (Buy) stock with a Value grade of A.
Golden Ocean Group sports a P/B ratio of 0.91 as well; this compares to its industry's price-to-book ratio of 1.15. In the past 52 weeks, GOGL's P/B has been as high as 0.96, as low as 0.56, with a median of 0.77.
These are just a handful of the figures considered in Danaos and Golden Ocean 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 DAC and GOGL is an impressive value stock right now.
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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