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Should Value Investors Buy LSI Industries (LYTS) Stock?
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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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 LSI Industries (LYTS - Free Report) . LYTS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors should also note that LYTS holds a PEG ratio of 0.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. LYTS's industry currently sports an average PEG of 1.16. Over the last 12 months, LYTS's PEG has been as high as 0.82 and as low as 0.34, with a median of 0.50.
Another valuation metric that we should highlight is LYTS's P/B ratio of 1.71. 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 stock's P/B looks attractive against its industry's average P/B of 2.04. Over the past 12 months, LYTS's P/B has been as high as 1.71 and as low as 1.03, with a median of 1.30.
These are only a few of the key metrics included in LSI Industries's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, LYTS looks like an impressive value stock at the moment.
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Should Value Investors Buy LSI Industries (LYTS) Stock?
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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 LSI Industries (LYTS - Free Report) . LYTS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors should also note that LYTS holds a PEG ratio of 0.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. LYTS's industry currently sports an average PEG of 1.16. Over the last 12 months, LYTS's PEG has been as high as 0.82 and as low as 0.34, with a median of 0.50.
Another valuation metric that we should highlight is LYTS's P/B ratio of 1.71. 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 stock's P/B looks attractive against its industry's average P/B of 2.04. Over the past 12 months, LYTS's P/B has been as high as 1.71 and as low as 1.03, with a median of 1.30.
These are only a few of the key metrics included in LSI Industries's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, LYTS looks like an impressive value stock at the moment.