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Is Greenland Technologies (GTEC) Stock Undervalued 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.
Greenland Technologies (GTEC - Free Report) is a stock many investors are watching right now. GTEC is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 5.56. This compares to its industry's average Forward P/E of 12.39. Over the past year, GTEC's Forward P/E has been as high as 16.83 and as low as 4.09, with a median of 8.25.
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. GTEC has a P/S ratio of 0.44. This compares to its industry's average P/S of 1.02.
Finally, we should also recognize that GTEC has a P/CF ratio of 5.36. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. GTEC's P/CF compares to its industry's average P/CF of 9.12. Within the past 12 months, GTEC's P/CF has been as high as 9.84 and as low as 3.70, with a median of 5.71.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Greenland Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GTEC feels like a great value stock at the moment.
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Is Greenland Technologies (GTEC) Stock Undervalued 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.
Greenland Technologies (GTEC - Free Report) is a stock many investors are watching right now. GTEC is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 5.56. This compares to its industry's average Forward P/E of 12.39. Over the past year, GTEC's Forward P/E has been as high as 16.83 and as low as 4.09, with a median of 8.25.
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. GTEC has a P/S ratio of 0.44. This compares to its industry's average P/S of 1.02.
Finally, we should also recognize that GTEC has a P/CF ratio of 5.36. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. GTEC's P/CF compares to its industry's average P/CF of 9.12. Within the past 12 months, GTEC's P/CF has been as high as 9.84 and as low as 3.70, with a median of 5.71.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Greenland Technologies is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GTEC feels like a great value stock at the moment.