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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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Olin (OLN - Free Report) . OLN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.40, while its industry has an average P/E of 13.59. OLN's Forward P/E has been as high as 1,647.71 and as low as -5,005.03, with a median of 9.38, all within the past year.
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. OLN has a P/S ratio of 1.12. This compares to its industry's average P/S of 1.13.
These are only a few of the key metrics included in Olin'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, OLN looks like an impressive value stock at the moment.
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Should Value Investors Buy Olin (OLN) Stock?
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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Olin (OLN - Free Report) . OLN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.40, while its industry has an average P/E of 13.59. OLN's Forward P/E has been as high as 1,647.71 and as low as -5,005.03, with a median of 9.38, all within the past year.
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. OLN has a P/S ratio of 1.12. This compares to its industry's average P/S of 1.13.
These are only a few of the key metrics included in Olin'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, OLN looks like an impressive value stock at the moment.