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Are Investors Undervaluing News Corporation (NWSA) 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is News Corporation (NWSA - Free Report) . NWSA is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 23.99, which compares to its industry's average of 25.36. Over the past 52 weeks, NWSA's Forward P/E has been as high as 27.67 and as low as 13.47, with a median of 19.51.
Another valuation metric that we should highlight is NWSA's P/B ratio of 1.19. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.39. Within the past 52 weeks, NWSA's P/B has been as high as 1.36 and as low as 0.94, with a median of 1.11.
These figures are just a handful of the metrics value investors tend to look at, but they help show that News Corporation is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NWSA feels like a great value stock at the moment.
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Are Investors Undervaluing News Corporation (NWSA) 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is News Corporation (NWSA - Free Report) . NWSA is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 23.99, which compares to its industry's average of 25.36. Over the past 52 weeks, NWSA's Forward P/E has been as high as 27.67 and as low as 13.47, with a median of 19.51.
Another valuation metric that we should highlight is NWSA's P/B ratio of 1.19. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.39. Within the past 52 weeks, NWSA's P/B has been as high as 1.36 and as low as 0.94, with a median of 1.11.
These figures are just a handful of the metrics value investors tend to look at, but they help show that News Corporation is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NWSA feels like a great value stock at the moment.