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Are These Basic Materials Stocks a Great Value Stocks Right Now?
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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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Acerinox (ANIOY - Free Report) is a stock many investors are watching right now. ANIOY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 3.81, which compares to its industry's average of 5.30. ANIOY's Forward P/E has been as high as 11.63 and as low as 3.75, with a median of 6.59, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ANIOY has a P/S ratio of 0.4. This compares to its industry's average P/S of 0.42.
Another great Steel - Producers stock you could consider is ThyssenKrupp (TKAMY - Free Report) , which is a # 2 (Buy) stock with a Value Score of A.
Additionally, ThyssenKrupp has a P/B ratio of 0.45 while its industry's price-to-book ratio sits at 1.32. For TKAMY, this valuation metric has been as high as 0.75, as low as 0.40, with a median of 0.51 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Acerinox and ThyssenKrupp are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ANIOY and TKAMY feels like a great value stock at the moment.
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Are These Basic Materials Stocks a Great Value Stocks 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Acerinox (ANIOY - Free Report) is a stock many investors are watching right now. ANIOY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 3.81, which compares to its industry's average of 5.30. ANIOY's Forward P/E has been as high as 11.63 and as low as 3.75, with a median of 6.59, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ANIOY has a P/S ratio of 0.4. This compares to its industry's average P/S of 0.42.
Another great Steel - Producers stock you could consider is ThyssenKrupp (TKAMY - Free Report) , which is a # 2 (Buy) stock with a Value Score of A.
Additionally, ThyssenKrupp has a P/B ratio of 0.45 while its industry's price-to-book ratio sits at 1.32. For TKAMY, this valuation metric has been as high as 0.75, as low as 0.40, with a median of 0.51 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Acerinox and ThyssenKrupp are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ANIOY and TKAMY feels like a great value stock at the moment.