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.
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.
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 stock to keep an eye on is Energy Transfer (ET - Free Report) . ET is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 10.57, which compares to its industry's average of 12.03. ET's Forward P/E has been as high as 11.13 and as low as 4.74, with a median of 7.27, all within the past year.
Another valuation metric that we should highlight is ET's P/B ratio of 1.04. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.81. Over the past 12 months, ET's P/B has been as high as 1.04 and as low as 0.61, with a median of 0.86.
Finally, we should also recognize that ET has a P/CF ratio of 3.42. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 6.91. ET's P/CF has been as high as 7.06 and as low as 2.53, with a median of 3.19, all within the past year.
Investors could also keep in mind PBF Logistics , an Oil and Gas - Production Pipeline - MLB stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Furthermore, PBF Logistics holds a P/B ratio of 3.51 and its industry's price-to-book ratio is 1.81. PBFX's P/B has been as high as 5.44, as low as 2.84, with a median of 3.74 over the past 12 months.
These are just a handful of the figures considered in Energy Transfer and PBF Logistics'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 ET and PBFX is an impressive value stock right now.
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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.
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.
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 stock to keep an eye on is Energy Transfer (ET - Free Report) . ET is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 10.57, which compares to its industry's average of 12.03. ET's Forward P/E has been as high as 11.13 and as low as 4.74, with a median of 7.27, all within the past year.
Another valuation metric that we should highlight is ET's P/B ratio of 1.04. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.81. Over the past 12 months, ET's P/B has been as high as 1.04 and as low as 0.61, with a median of 0.86.
Finally, we should also recognize that ET has a P/CF ratio of 3.42. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 6.91. ET's P/CF has been as high as 7.06 and as low as 2.53, with a median of 3.19, all within the past year.
Investors could also keep in mind PBF Logistics , an Oil and Gas - Production Pipeline - MLB stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Furthermore, PBF Logistics holds a P/B ratio of 3.51 and its industry's price-to-book ratio is 1.81. PBFX's P/B has been as high as 5.44, as low as 2.84, with a median of 3.74 over the past 12 months.
These are just a handful of the figures considered in Energy Transfer and PBF Logistics'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 ET and PBFX is an impressive value stock right now.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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