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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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 to watch right now is TrueBlue (TBI - Free Report) . TBI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also recognize that TBI has a P/B ratio of 1.69. The P/B ratio pits a stock's market value against 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 1.74. Over the past 12 months, TBI's P/B has been as high as 1.74 and as low as 0.75, with a median of 1.40.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. TBI has a P/S ratio of 0.39. This compares to its industry's average P/S of 0.53.
These are only a few of the key metrics included in TrueBlue'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, TBI looks like an impressive value stock at the moment.
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Is TrueBlue (TBI) Stock Undervalued 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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 to watch right now is TrueBlue (TBI - Free Report) . TBI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also recognize that TBI has a P/B ratio of 1.69. The P/B ratio pits a stock's market value against 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 1.74. Over the past 12 months, TBI's P/B has been as high as 1.74 and as low as 0.75, with a median of 1.40.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. TBI has a P/S ratio of 0.39. This compares to its industry's average P/S of 0.53.
These are only a few of the key metrics included in TrueBlue'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, TBI looks like an impressive value stock at the moment.