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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 company value investors might notice is Flex (FLEX - Free Report) . FLEX is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 10.09, which compares to its industry's average of 20.31. Over the last 12 months, FLEX's Forward P/E has been as high as 14.34 and as low as 8.31, with a median of 11.32.
Investors should also note that FLEX holds a PEG ratio of 0.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FLEX's industry has an average PEG of 1.62 right now. Within the past year, FLEX's PEG has been as high as 1.36 and as low as 0.79, with a median of 0.96.
Investors should also recognize that FLEX has a P/B ratio of 2.52. 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. FLEX's current P/B looks attractive when compared to its industry's average P/B of 7.54. FLEX's P/B has been as high as 2.93 and as low as 1.71, with a median of 2.60, over the past year.
Finally, investors should note that FLEX has a P/CF ratio of 6.62. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 20.50. Within the past 12 months, FLEX's P/CF has been as high as 8.66 and as low as 5.29, with a median of 7.64.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Flex is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, FLEX feels like a great value stock at the moment.
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Is Flex (FLEX) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 company value investors might notice is Flex (FLEX - Free Report) . FLEX is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 10.09, which compares to its industry's average of 20.31. Over the last 12 months, FLEX's Forward P/E has been as high as 14.34 and as low as 8.31, with a median of 11.32.
Investors should also note that FLEX holds a PEG ratio of 0.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FLEX's industry has an average PEG of 1.62 right now. Within the past year, FLEX's PEG has been as high as 1.36 and as low as 0.79, with a median of 0.96.
Investors should also recognize that FLEX has a P/B ratio of 2.52. 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. FLEX's current P/B looks attractive when compared to its industry's average P/B of 7.54. FLEX's P/B has been as high as 2.93 and as low as 1.71, with a median of 2.60, over the past year.
Finally, investors should note that FLEX has a P/CF ratio of 6.62. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 20.50. Within the past 12 months, FLEX's P/CF has been as high as 8.66 and as low as 5.29, with a median of 7.64.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Flex is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, FLEX feels like a great value stock at the moment.