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 ProAssurance (PRA) a Great Value Stock Right Now?
Read MoreHide Full Article
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 ProAssurance (PRA - Free Report) . PRA is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 23.65, which compares to its industry's average of 27.35. Over the last 12 months, PRA's Forward P/E has been as high as 60.53 and as low as 23.65, with a median of 29.68.
Another notable valuation metric for PRA is its P/B ratio of 0.94. 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 1.24. Over the past 12 months, PRA's P/B has been as high as 1.15 and as low as 0.77, with a median of 0.93.
Investors could also keep in mind Tokio Marine (TKOMY - Free Report) , an Insurance - Property and Casualty stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Tokio Marine is currently trading with a Forward P/E ratio of 9.91 while its PEG ratio sits at 0.43. Both of the company's metrics compare favorably to its industry's average P/E of 27.35 and average PEG ratio of 2.36.
TKOMY's Forward P/E has been as high as 15.35 and as low as 8.05, with a median of 11.82. During the same time period, its PEG ratio has been as high as 0.52, as low as 0.43, with a median of 0.45.
Tokio Marine sports a P/B ratio of 1.12 as well; this compares to its industry's price-to-book ratio of 1.24. In the past 52 weeks, TKOMY's P/B has been as high as 1.23, as low as 0.92, with a median of 1.04.
These are only a few of the key metrics included in ProAssurance and Tokio Marine strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, PRA and TKOMY look like an impressive value stock at the moment.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is ProAssurance (PRA) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 ProAssurance (PRA - Free Report) . PRA is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 23.65, which compares to its industry's average of 27.35. Over the last 12 months, PRA's Forward P/E has been as high as 60.53 and as low as 23.65, with a median of 29.68.
Another notable valuation metric for PRA is its P/B ratio of 0.94. 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 1.24. Over the past 12 months, PRA's P/B has been as high as 1.15 and as low as 0.77, with a median of 0.93.
Investors could also keep in mind Tokio Marine (TKOMY - Free Report) , an Insurance - Property and Casualty stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Tokio Marine is currently trading with a Forward P/E ratio of 9.91 while its PEG ratio sits at 0.43. Both of the company's metrics compare favorably to its industry's average P/E of 27.35 and average PEG ratio of 2.36.
TKOMY's Forward P/E has been as high as 15.35 and as low as 8.05, with a median of 11.82. During the same time period, its PEG ratio has been as high as 0.52, as low as 0.43, with a median of 0.45.
Tokio Marine sports a P/B ratio of 1.12 as well; this compares to its industry's price-to-book ratio of 1.24. In the past 52 weeks, TKOMY's P/B has been as high as 1.23, as low as 0.92, with a median of 1.04.
These are only a few of the key metrics included in ProAssurance and Tokio Marine strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, PRA and TKOMY look like an impressive value stock at the moment.