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Should Value Investors Buy Academy Sports and Outdoors, Inc. (ASO) Stock?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Academy Sports and Outdoors, Inc. (ASO - Free Report) . ASO is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
Investors will also notice that ASO has a PEG ratio of 2.15. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ASO's PEG compares to its industry's average PEG of 2.27. ASO's PEG has been as high as 3.65 and as low as 2, with a median of 2.32, all within the past year.
Investors should also recognize that ASO has a P/B ratio of 2.88. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 7.90. Over the past 12 months, ASO's P/B has been as high as 3.04 and as low as 1.35, with a median of 2.33.
These are just a handful of the figures considered in Academy Sports and Outdoors, Inc.'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 ASO is an impressive value stock right now.
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Should Value Investors Buy Academy Sports and Outdoors, Inc. (ASO) Stock?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Academy Sports and Outdoors, Inc. (ASO - Free Report) . ASO is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
Investors will also notice that ASO has a PEG ratio of 2.15. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ASO's PEG compares to its industry's average PEG of 2.27. ASO's PEG has been as high as 3.65 and as low as 2, with a median of 2.32, all within the past year.
Investors should also recognize that ASO has a P/B ratio of 2.88. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 7.90. Over the past 12 months, ASO's P/B has been as high as 3.04 and as low as 1.35, with a median of 2.33.
These are just a handful of the figures considered in Academy Sports and Outdoors, Inc.'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 ASO is an impressive value stock right now.