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Is MGIC Investment (MTG) a Great Value Stock 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.
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.
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.
One company value investors might notice is MGIC Investment (MTG - Free Report) . MTG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 5.91. This compares to its industry's average Forward P/E of 10.24. Over the last 12 months, MTG's Forward P/E has been as high as 8.56 and as low as 5.78, with a median of 7.64.
Investors should also note that MTG holds a PEG ratio of 1.18. 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. MTG's industry has an average PEG of 1.52 right now. Over the past 52 weeks, MTG's PEG has been as high as 1.71 and as low as 1.16, with a median of 1.53.
Another notable valuation metric for MTG is its P/B ratio of 0.90. 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 solid versus its industry's average P/B of 1.74. Over the past 12 months, MTG's P/B has been as high as 1.11 and as low as 0.86, with a median of 1.
Finally, investors should note that MTG has a P/CF ratio of 5.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 8.39. Over the past year, MTG's P/CF has been as high as 10.41 and as low as 5.76, with a median of 7.54.
Oscar Health (OSCR - Free Report) may be another strong Insurance - Multi line stock to add to your shortlist. OSCR is a # 2 (Buy) stock with a Value grade of A.
Oscar Health is trading at a forward earnings multiple of -2.39 at the moment, with a PEG ratio of -0.08. This compares to its industry's average P/E of 10.24 and average PEG ratio of 1.52.
OSCR's Forward P/E has been as high as -2.07 and as low as -13.87, with a median of -5.85. During the same time period, its PEG ratio has been as high as -0.08, as low as -0.73, with a median of -0.36.
Furthermore, Oscar Health holds a P/B ratio of 0.79 and its industry's price-to-book ratio is 1.74. OSCR's P/B has been as high as 3.39, as low as 0.74, with a median of 1.51 over the past 12 months.
These are only a few of the key metrics included in MGIC Investment and Oscar Health strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, MTG and OSCR look like an impressive value stock at the moment.
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Is MGIC Investment (MTG) a Great Value Stock 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.
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.
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.
One company value investors might notice is MGIC Investment (MTG - Free Report) . MTG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 5.91. This compares to its industry's average Forward P/E of 10.24. Over the last 12 months, MTG's Forward P/E has been as high as 8.56 and as low as 5.78, with a median of 7.64.
Investors should also note that MTG holds a PEG ratio of 1.18. 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. MTG's industry has an average PEG of 1.52 right now. Over the past 52 weeks, MTG's PEG has been as high as 1.71 and as low as 1.16, with a median of 1.53.
Another notable valuation metric for MTG is its P/B ratio of 0.90. 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 solid versus its industry's average P/B of 1.74. Over the past 12 months, MTG's P/B has been as high as 1.11 and as low as 0.86, with a median of 1.
Finally, investors should note that MTG has a P/CF ratio of 5.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 8.39. Over the past year, MTG's P/CF has been as high as 10.41 and as low as 5.76, with a median of 7.54.
Oscar Health (OSCR - Free Report) may be another strong Insurance - Multi line stock to add to your shortlist. OSCR is a # 2 (Buy) stock with a Value grade of A.
Oscar Health is trading at a forward earnings multiple of -2.39 at the moment, with a PEG ratio of -0.08. This compares to its industry's average P/E of 10.24 and average PEG ratio of 1.52.
OSCR's Forward P/E has been as high as -2.07 and as low as -13.87, with a median of -5.85. During the same time period, its PEG ratio has been as high as -0.08, as low as -0.73, with a median of -0.36.
Furthermore, Oscar Health holds a P/B ratio of 0.79 and its industry's price-to-book ratio is 1.74. OSCR's P/B has been as high as 3.39, as low as 0.74, with a median of 1.51 over the past 12 months.
These are only a few of the key metrics included in MGIC Investment and Oscar Health strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, MTG and OSCR look like an impressive value stock at the moment.