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Are Investors Undervaluing Academy Sports and Outdoors (ASO) 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Academy Sports and Outdoors (ASO - Free Report) . ASO is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
Investors will also notice that ASO has a PEG ratio of 0.36. 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. ASO's industry has an average PEG of 0.93 right now. Over the last 12 months, ASO's PEG has been as high as 3.63 and as low as 0.33, with a median of 0.61.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. ASO has a P/S ratio of 0.5. This compares to its industry's average P/S of 1.34.
If you're looking for another solid Leisure and Recreation Products value stock, take a look at Acushnet (GOLF - Free Report) . GOLF is a # 2 (Buy) stock with a Value score of A.
Acushnet sports a P/B ratio of 2.84 as well; this compares to its industry's price-to-book ratio of 7.36. In the past 52 weeks, GOLF's P/B has been as high as 3.69, as low as 2.66, with a median of 3.22.
These are just a handful of the figures considered in Academy Sports and Outdoors and Acushnet's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ASO and GOLF is an impressive value stock right now.
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Are Investors Undervaluing Academy Sports and Outdoors (ASO) 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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Academy Sports and Outdoors (ASO - Free Report) . ASO is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
Investors will also notice that ASO has a PEG ratio of 0.36. 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. ASO's industry has an average PEG of 0.93 right now. Over the last 12 months, ASO's PEG has been as high as 3.63 and as low as 0.33, with a median of 0.61.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. ASO has a P/S ratio of 0.5. This compares to its industry's average P/S of 1.34.
If you're looking for another solid Leisure and Recreation Products value stock, take a look at Acushnet (GOLF - Free Report) . GOLF is a # 2 (Buy) stock with a Value score of A.
Acushnet sports a P/B ratio of 2.84 as well; this compares to its industry's price-to-book ratio of 7.36. In the past 52 weeks, GOLF's P/B has been as high as 3.69, as low as 2.66, with a median of 3.22.
These are just a handful of the figures considered in Academy Sports and Outdoors and Acushnet's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ASO and GOLF is an impressive value stock right now.