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Is Amkor Technology (AMKR) a Great Value Stock Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One stock to keep an eye on is Amkor Technology (AMKR - Free Report) . AMKR 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 6.87. This compares to its industry's average Forward P/E of 15.20. Over the past 52 weeks, AMKR's Forward P/E has been as high as 8 and as low as 5.41, with a median of 6.87.
Investors should also recognize that AMKR has a P/B ratio of 1.58. 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. AMKR's current P/B looks attractive when compared to its industry's average P/B of 4.23. Over the past year, AMKR's P/B has been as high as 2.75 and as low as 1.17, with a median of 1.82.
These are just a handful of the figures considered in Amkor Technology'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 AMKR is an impressive value stock right now.
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Is Amkor Technology (AMKR) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One stock to keep an eye on is Amkor Technology (AMKR - Free Report) . AMKR 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 6.87. This compares to its industry's average Forward P/E of 15.20. Over the past 52 weeks, AMKR's Forward P/E has been as high as 8 and as low as 5.41, with a median of 6.87.
Investors should also recognize that AMKR has a P/B ratio of 1.58. 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. AMKR's current P/B looks attractive when compared to its industry's average P/B of 4.23. Over the past year, AMKR's P/B has been as high as 2.75 and as low as 1.17, with a median of 1.82.
These are just a handful of the figures considered in Amkor Technology'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 AMKR is an impressive value stock right now.