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Are Investors Undervaluing Stellantis (STLA) 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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
Stellantis (STLA - Free Report) is a stock many investors are watching right now. STLA is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 3.40. This compares to its industry's average Forward P/E of 7.83. Over the last 12 months, STLA's Forward P/E has been as high as 4.28 and as low as 2.64, with a median of 3.27.
Another notable valuation metric for STLA is its P/B ratio of 0.68. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.71. Over the past 12 months, STLA's P/B has been as high as 0.77 and as low as 0.52, with a median of 0.65.
Value investors will likely look at more than just these metrics, but the above data helps show that Stellantis is likely undervalued currently. And when considering the strength of its earnings outlook, STLA sticks out at as one of the market's strongest value stocks.
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Are Investors Undervaluing Stellantis (STLA) 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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
Stellantis (STLA - Free Report) is a stock many investors are watching right now. STLA is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 3.40. This compares to its industry's average Forward P/E of 7.83. Over the last 12 months, STLA's Forward P/E has been as high as 4.28 and as low as 2.64, with a median of 3.27.
Another notable valuation metric for STLA is its P/B ratio of 0.68. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.71. Over the past 12 months, STLA's P/B has been as high as 0.77 and as low as 0.52, with a median of 0.65.
Value investors will likely look at more than just these metrics, but the above data helps show that Stellantis is likely undervalued currently. And when considering the strength of its earnings outlook, STLA sticks out at as one of the market's strongest value stocks.