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Is LyondellBasell (LYB) a Great Value Stock Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One company to watch right now is LyondellBasell (LYB - Free Report) . LYB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 12.64, which compares to its industry's average of 22.37. Over the last 12 months, LYB's Forward P/E has been as high as 12.97 and as low as 3.76, with a median of 10.63.
Investors should also note that LYB holds a PEG ratio of 1.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. LYB's PEG compares to its industry's average PEG of 3.45. Within the past year, LYB's PEG has been as high as 1.91 and as low as 0.55, with a median of 1.51.
These are just a handful of the figures considered in LyondellBasell'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 LYB is an impressive value stock right now.
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Is LyondellBasell (LYB) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One company to watch right now is LyondellBasell (LYB - Free Report) . LYB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 12.64, which compares to its industry's average of 22.37. Over the last 12 months, LYB's Forward P/E has been as high as 12.97 and as low as 3.76, with a median of 10.63.
Investors should also note that LYB holds a PEG ratio of 1.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. LYB's PEG compares to its industry's average PEG of 3.45. Within the past year, LYB's PEG has been as high as 1.91 and as low as 0.55, with a median of 1.51.
These are just a handful of the figures considered in LyondellBasell'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 LYB is an impressive value stock right now.