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Are Investors Undervaluing Universal Electronics (UEIC) 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 to watch right now is Universal Electronics (UEIC - Free Report) . UEIC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 7.17 right now. For comparison, its industry sports an average P/E of 12.33. Over the past year, UEIC's Forward P/E has been as high as 11.62 and as low as 6.53, with a median of 9.36.
Investors should also note that UEIC holds a PEG ratio of 1.02. 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. UEIC's industry currently sports an average PEG of 1.25. Within the past year, UEIC's PEG has been as high as 1.16 and as low as 0.51, with a median of 1.03.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. UEIC has a P/S ratio of 0.43. This compares to its industry's average P/S of 0.68.
These are just a handful of the figures considered in Universal Electronics'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 UEIC is an impressive value stock right now.
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Are Investors Undervaluing Universal Electronics (UEIC) 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 to watch right now is Universal Electronics (UEIC - Free Report) . UEIC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 7.17 right now. For comparison, its industry sports an average P/E of 12.33. Over the past year, UEIC's Forward P/E has been as high as 11.62 and as low as 6.53, with a median of 9.36.
Investors should also note that UEIC holds a PEG ratio of 1.02. 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. UEIC's industry currently sports an average PEG of 1.25. Within the past year, UEIC's PEG has been as high as 1.16 and as low as 0.51, with a median of 1.03.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. UEIC has a P/S ratio of 0.43. This compares to its industry's average P/S of 0.68.
These are just a handful of the figures considered in Universal Electronics'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 UEIC is an impressive value stock right now.