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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Modine (MOD - Free Report) is a stock many investors are watching right now. MOD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 9.38. This compares to its industry's average Forward P/E of 20.60. Over the past 52 weeks, MOD's Forward P/E has been as high as 15.57 and as low as 7.86, with a median of 10.03.
MOD is also sporting a PEG ratio of 0.94. 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. MOD's PEG compares to its industry's average PEG of 1.03. Within the past year, MOD's PEG has been as high as 1.56 and as low as 0.79, with a median of 1.
We should also highlight that MOD has a P/B ratio of 2.35. 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. MOD's current P/B looks attractive when compared to its industry's average P/B of 3.80. Within the past 52 weeks, MOD's P/B has been as high as 2.62 and as low as 0.53, with a median of 2.01.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. MOD has a P/S ratio of 0.48. This compares to its industry's average P/S of 0.87.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Modine is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MOD feels like a great value stock at the moment.
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Is Modine (MOD) a Great Value Stock 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Modine (MOD - Free Report) is a stock many investors are watching right now. MOD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 9.38. This compares to its industry's average Forward P/E of 20.60. Over the past 52 weeks, MOD's Forward P/E has been as high as 15.57 and as low as 7.86, with a median of 10.03.
MOD is also sporting a PEG ratio of 0.94. 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. MOD's PEG compares to its industry's average PEG of 1.03. Within the past year, MOD's PEG has been as high as 1.56 and as low as 0.79, with a median of 1.
We should also highlight that MOD has a P/B ratio of 2.35. 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. MOD's current P/B looks attractive when compared to its industry's average P/B of 3.80. Within the past 52 weeks, MOD's P/B has been as high as 2.62 and as low as 0.53, with a median of 2.01.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. MOD has a P/S ratio of 0.48. This compares to its industry's average P/S of 0.87.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Modine is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MOD feels like a great value stock at the moment.