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Is Portman Ridge Finance (PTMN) Stock Undervalued 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.
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.
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 Portman Ridge Finance (PTMN - Free Report) . PTMN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 6.12, while its industry has an average P/E of 12.63. PTMN's Forward P/E has been as high as 8.65 and as low as 6.12, with a median of 7.28, all within the past year.
Investors should also recognize that PTMN has a P/B ratio of 0.82. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. PTMN's current P/B looks attractive when compared to its industry's average P/B of 2.44. PTMN's P/B has been as high as 0.97 and as low as 0.74, with a median of 0.85, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Portman Ridge Finance is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, PTMN feels like a great value stock at the moment.
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Is Portman Ridge Finance (PTMN) Stock Undervalued 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.
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.
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 Portman Ridge Finance (PTMN - Free Report) . PTMN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 6.12, while its industry has an average P/E of 12.63. PTMN's Forward P/E has been as high as 8.65 and as low as 6.12, with a median of 7.28, all within the past year.
Investors should also recognize that PTMN has a P/B ratio of 0.82. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. PTMN's current P/B looks attractive when compared to its industry's average P/B of 2.44. PTMN's P/B has been as high as 0.97 and as low as 0.74, with a median of 0.85, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Portman Ridge Finance is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, PTMN feels like a great value stock at the moment.