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ASX or SYNA: Which Is the Better Value Stock Right Now?
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Investors looking for stocks in the Electronics - Semiconductors sector might want to consider either ASE Technology Hldg (ASX - Free Report) or Synaptics (SYNA - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Both ASE Technology Hldg and Synaptics have a Zacks Rank of # 2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is just one piece of the puzzle for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
ASX currently has a forward P/E ratio of 12.27, while SYNA has a forward P/E of 17.67. We also note that ASX has a PEG ratio of 0.82. 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. SYNA currently has a PEG ratio of 1.77.
Another notable valuation metric for ASX is its P/B ratio of 2.01. 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. By comparison, SYNA has a P/B of 5.30.
Based on these metrics and many more, ASX holds a Value grade of A, while SYNA has a Value grade of D.
Both ASX and SYNA are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ASX is the superior value option right now.
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ASX or SYNA: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Electronics - Semiconductors sector might want to consider either ASE Technology Hldg (ASX - Free Report) or Synaptics (SYNA - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Both ASE Technology Hldg and Synaptics have a Zacks Rank of # 2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is just one piece of the puzzle for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
ASX currently has a forward P/E ratio of 12.27, while SYNA has a forward P/E of 17.67. We also note that ASX has a PEG ratio of 0.82. 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. SYNA currently has a PEG ratio of 1.77.
Another notable valuation metric for ASX is its P/B ratio of 2.01. 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. By comparison, SYNA has a P/B of 5.30.
Based on these metrics and many more, ASX holds a Value grade of A, while SYNA has a Value grade of D.
Both ASX and SYNA are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ASX is the superior value option right now.