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Are Investors Undervaluing These Consumer Discretionary Stocks Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Brunswick (BC - Free Report) is a stock many investors are watching right now. BC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.10. This compares to its industry's average Forward P/E of 20.62. Over the past year, BC's Forward P/E has been as high as 17.25 and as low as 8.83, with a median of 11.68.
We should also highlight that BC has a P/B ratio of 3.77. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.88. Over the past year, BC's P/B has been as high as 5.56 and as low as 3.39, with a median of 4.29.
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. BC has a P/S ratio of 1.25. This compares to its industry's average P/S of 1.47.
Investors could also keep in mind OneWater Marine (ONEW - Free Report) , an Leisure and Recreation Products stock with a Zacks Rank of # 1 (Strong Buy) and Value grade of A.
Furthermore, OneWater Marine holds a P/B ratio of 2.52 and its industry's price-to-book ratio is 5.88. ONEW's P/B has been as high as 3.84, as low as 2.35, with a median of 2.89 over the past 12 months.
These are only a few of the key metrics included in Brunswick and OneWater Marine strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, BC and ONEW look like an impressive value stock at the moment.
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Are Investors Undervaluing These Consumer Discretionary Stocks Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Brunswick (BC - Free Report) is a stock many investors are watching right now. BC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.10. This compares to its industry's average Forward P/E of 20.62. Over the past year, BC's Forward P/E has been as high as 17.25 and as low as 8.83, with a median of 11.68.
We should also highlight that BC has a P/B ratio of 3.77. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.88. Over the past year, BC's P/B has been as high as 5.56 and as low as 3.39, with a median of 4.29.
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. BC has a P/S ratio of 1.25. This compares to its industry's average P/S of 1.47.
Investors could also keep in mind OneWater Marine (ONEW - Free Report) , an Leisure and Recreation Products stock with a Zacks Rank of # 1 (Strong Buy) and Value grade of A.
Furthermore, OneWater Marine holds a P/B ratio of 2.52 and its industry's price-to-book ratio is 5.88. ONEW's P/B has been as high as 3.84, as low as 2.35, with a median of 2.89 over the past 12 months.
These are only a few of the key metrics included in Brunswick and OneWater Marine strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, BC and ONEW look like an impressive value stock at the moment.