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Are Investors Undervaluing ASGN Inc (ASGN) 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.
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 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 company value investors might notice is ASGN Inc (ASGN - Free Report) . ASGN is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 13.57, which compares to its industry's average of 28.54. ASGN's Forward P/E has been as high as 18.19 and as low as 6.30, with a median of 13.80, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ASGN has a P/S ratio of 0.87. This compares to its industry's average P/S of 2.3.
Finally, investors should note that ASGN has a P/CF ratio of 12.23. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 36.28. ASGN's P/CF has been as high as 14.47 and as low as 6.11, with a median of 12.70, all within the past year.
These are only a few of the key metrics included in ASGN Inc'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, ASGN looks like an impressive value stock at the moment.
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Are Investors Undervaluing ASGN Inc (ASGN) Right Now?
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 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 company value investors might notice is ASGN Inc (ASGN - Free Report) . ASGN is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 13.57, which compares to its industry's average of 28.54. ASGN's Forward P/E has been as high as 18.19 and as low as 6.30, with a median of 13.80, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ASGN has a P/S ratio of 0.87. This compares to its industry's average P/S of 2.3.
Finally, investors should note that ASGN has a P/CF ratio of 12.23. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 36.28. ASGN's P/CF has been as high as 14.47 and as low as 6.11, with a median of 12.70, all within the past year.
These are only a few of the key metrics included in ASGN Inc'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, ASGN looks like an impressive value stock at the moment.