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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 Axos Financial (AX - Free Report) . AX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 7.25. This compares to its industry's average Forward P/E of 10.91. Over the last 12 months, AX's Forward P/E has been as high as 11.28 and as low as 6.61, with a median of 8.41.
Investors should also recognize that AX has a P/B ratio of 1.28. 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. This stock's P/B looks solid versus its industry's average P/B of 3.34. Over the past year, AX's P/B has been as high as 1.90 and as low as 1.14, with a median of 1.40.
Finally, we should also recognize that AX has a P/CF ratio of 8.04. 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. AX's current P/CF looks attractive when compared to its industry's average P/CF of 18.12. AX's P/CF has been as high as 11.47 and as low as 7.18, with a median of 8.82, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Axos Financial is likely undervalued currently. And when considering the strength of its earnings outlook, AX sticks out at as one of the market's strongest value stocks.
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Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 Axos Financial (AX - Free Report) . AX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 7.25. This compares to its industry's average Forward P/E of 10.91. Over the last 12 months, AX's Forward P/E has been as high as 11.28 and as low as 6.61, with a median of 8.41.
Investors should also recognize that AX has a P/B ratio of 1.28. 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. This stock's P/B looks solid versus its industry's average P/B of 3.34. Over the past year, AX's P/B has been as high as 1.90 and as low as 1.14, with a median of 1.40.
Finally, we should also recognize that AX has a P/CF ratio of 8.04. 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. AX's current P/CF looks attractive when compared to its industry's average P/CF of 18.12. AX's P/CF has been as high as 11.47 and as low as 7.18, with a median of 8.82, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Axos Financial is likely undervalued currently. And when considering the strength of its earnings outlook, AX sticks out at as one of the market's strongest value stocks.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
Get the latest research report on AX - FREE