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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
PetIQ (PETQ - Free Report) is a stock many investors are watching right now. PETQ is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.39, while its industry has an average P/E of 21.85. Over the last 12 months, PETQ's Forward P/E has been as high as 20.41 and as low as 5.10, with a median of 12.13.
Investors should also note that PETQ holds a PEG ratio of 1.05. 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. PETQ's PEG compares to its industry's average PEG of 2.76. Over the last 12 months, PETQ's PEG has been as high as 1.63 and as low as 0.41, with a median of 0.77.
Another valuation metric that we should highlight is PETQ's P/B ratio of 1.63. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. PETQ's current P/B looks attractive when compared to its industry's average P/B of 4.34. Over the past 12 months, PETQ's P/B has been as high as 2.83 and as low as 0.80, with a median of 1.91.
These are only a few of the key metrics included in PetIQ'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, PETQ looks like an impressive value stock at the moment.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them 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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
PetIQ (PETQ - Free Report) is a stock many investors are watching right now. PETQ is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.39, while its industry has an average P/E of 21.85. Over the last 12 months, PETQ's Forward P/E has been as high as 20.41 and as low as 5.10, with a median of 12.13.
Investors should also note that PETQ holds a PEG ratio of 1.05. 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. PETQ's PEG compares to its industry's average PEG of 2.76. Over the last 12 months, PETQ's PEG has been as high as 1.63 and as low as 0.41, with a median of 0.77.
Another valuation metric that we should highlight is PETQ's P/B ratio of 1.63. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. PETQ's current P/B looks attractive when compared to its industry's average P/B of 4.34. Over the past 12 months, PETQ's P/B has been as high as 2.83 and as low as 0.80, with a median of 1.91.
These are only a few of the key metrics included in PetIQ'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, PETQ looks like an impressive value stock at the moment.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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