The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 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.
Cornerstone Building is a stock many investors are watching right now. CNR is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 13.18, which compares to its industry's average of 20.94. Over the last 12 months, CNR's Forward P/E has been as high as 224.26 and as low as -12.92, with a median of 14.45.
Investors should also recognize that CNR has a P/B ratio of 4.63. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. CNR's current P/B looks attractive when compared to its industry's average P/B of 4.86. Within the past 52 weeks, CNR's P/B has been as high as 5.36 and as low as 1.58, with a median of 3.05.
Value investors will likely look at more than just these metrics, but the above data helps show that Cornerstone Building is likely undervalued currently. And when considering the strength of its earnings outlook, CNR sticks out at as one of the market's strongest value stocks.
Image: Bigstock
Is Cornerstone Building (CNR) Stock Undervalued Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 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.
Cornerstone Building is a stock many investors are watching right now. CNR is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 13.18, which compares to its industry's average of 20.94. Over the last 12 months, CNR's Forward P/E has been as high as 224.26 and as low as -12.92, with a median of 14.45.
Investors should also recognize that CNR has a P/B ratio of 4.63. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. CNR's current P/B looks attractive when compared to its industry's average P/B of 4.86. Within the past 52 weeks, CNR's P/B has been as high as 5.36 and as low as 1.58, with a median of 3.05.
Value investors will likely look at more than just these metrics, but the above data helps show that Cornerstone Building is likely undervalued currently. And when considering the strength of its earnings outlook, CNR sticks out at as one of the market's strongest value stocks.