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Are Investors Undervaluing Grindrod Shipping Holdings Ltd. (GRIN) Right Now?
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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, 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.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Grindrod Shipping Holdings Ltd. (GRIN - Free Report) is a stock many investors are watching right now. GRIN is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 3.23 right now. For comparison, its industry sports an average P/E of 5.36. Over the past year, GRIN's Forward P/E has been as high as 12.02 and as low as -30.32, with a median of -4.96.
Another notable valuation metric for GRIN is its P/B ratio of 0.76. 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. GRIN's current P/B looks attractive when compared to its industry's average P/B of 0.99. GRIN's P/B has been as high as 1.01 and as low as 0.24, with a median of 0.38, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Grindrod Shipping Holdings Ltd. Is likely undervalued currently. And when considering the strength of its earnings outlook, GRIN sticks out at as one of the market's strongest value stocks.
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Are Investors Undervaluing Grindrod Shipping Holdings Ltd. (GRIN) Right Now?
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, 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.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Grindrod Shipping Holdings Ltd. (GRIN - Free Report) is a stock many investors are watching right now. GRIN is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 3.23 right now. For comparison, its industry sports an average P/E of 5.36. Over the past year, GRIN's Forward P/E has been as high as 12.02 and as low as -30.32, with a median of -4.96.
Another notable valuation metric for GRIN is its P/B ratio of 0.76. 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. GRIN's current P/B looks attractive when compared to its industry's average P/B of 0.99. GRIN's P/B has been as high as 1.01 and as low as 0.24, with a median of 0.38, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Grindrod Shipping Holdings Ltd. Is likely undervalued currently. And when considering the strength of its earnings outlook, GRIN sticks out at as one of the market's strongest value stocks.