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Are Investors Undervaluing SpartanNash (SPTN) 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is SpartanNash (SPTN - Free Report) . SPTN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Another notable valuation metric for SPTN is its P/B ratio of 1.44. The P/B is a method of comparing a stock's market value to 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 2.01. SPTN's P/B has been as high as 1.63 and as low as 1.06, with a median of 1.38, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SPTN has a P/S ratio of 0.13. This compares to its industry's average P/S of 0.23.
Finally, our model also underscores that SPTN has a P/CF ratio of 7.49. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 8.52. Within the past 12 months, SPTN's P/CF has been as high as 7.84 and as low as 5.24, with a median of 6.96.
These figures are just a handful of the metrics value investors tend to look at, but they help show that SpartanNash is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SPTN feels like a great value stock at the moment.
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Are Investors Undervaluing SpartanNash (SPTN) 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is SpartanNash (SPTN - Free Report) . SPTN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Another notable valuation metric for SPTN is its P/B ratio of 1.44. The P/B is a method of comparing a stock's market value to 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 2.01. SPTN's P/B has been as high as 1.63 and as low as 1.06, with a median of 1.38, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SPTN has a P/S ratio of 0.13. This compares to its industry's average P/S of 0.23.
Finally, our model also underscores that SPTN has a P/CF ratio of 7.49. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 8.52. Within the past 12 months, SPTN's P/CF has been as high as 7.84 and as low as 5.24, with a median of 6.96.
These figures are just a handful of the metrics value investors tend to look at, but they help show that SpartanNash is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SPTN feels like a great value stock at the moment.