We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Patrick Industries (PATK) a Great Value Stock Right Now?
Read MoreHide Full Article
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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One company value investors might notice is Patrick Industries (PATK - Free Report) . PATK 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 6.52 right now. For comparison, its industry sports an average P/E of 8.69. Over the past year, PATK's Forward P/E has been as high as 15.21 and as low as 5.98, with a median of 9.12.
Another notable valuation metric for PATK is its P/B ratio of 2.24. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.52. Within the past 52 weeks, PATK's P/B has been as high as 3.89 and as low as 1.90, with a median of 2.92.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. PATK has a P/S ratio of 0.41. This compares to its industry's average P/S of 1.15.
Finally, our model also underscores that PATK has a P/CF ratio of 5.02. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 7.73. Within the past 12 months, PATK's P/CF has been as high as 11.96 and as low as 4.25, with a median of 6.70.
Value investors will likely look at more than just these metrics, but the above data helps show that Patrick Industries is likely undervalued currently. And when considering the strength of its earnings outlook, PATK sticks out at as one of the market's strongest value stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Patrick Industries (PATK) a Great Value Stock 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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One company value investors might notice is Patrick Industries (PATK - Free Report) . PATK 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 6.52 right now. For comparison, its industry sports an average P/E of 8.69. Over the past year, PATK's Forward P/E has been as high as 15.21 and as low as 5.98, with a median of 9.12.
Another notable valuation metric for PATK is its P/B ratio of 2.24. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.52. Within the past 52 weeks, PATK's P/B has been as high as 3.89 and as low as 1.90, with a median of 2.92.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. PATK has a P/S ratio of 0.41. This compares to its industry's average P/S of 1.15.
Finally, our model also underscores that PATK has a P/CF ratio of 5.02. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 7.73. Within the past 12 months, PATK's P/CF has been as high as 11.96 and as low as 4.25, with a median of 6.70.
Value investors will likely look at more than just these metrics, but the above data helps show that Patrick Industries is likely undervalued currently. And when considering the strength of its earnings outlook, PATK sticks out at as one of the market's strongest value stocks.