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Should Value Investors Buy News Corporation (NWSA) Stock?
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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.
News Corporation (NWSA - Free Report) is a stock many investors are watching right now. NWSA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 24.17 right now. For comparison, its industry sports an average P/E of 26.15. NWSA's Forward P/E has been as high as 27.67 and as low as 13.47, with a median of 19.57, all within the past year.
Another valuation metric that we should highlight is NWSA's P/B ratio of 1.25. 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 company's current P/B looks solid when compared to its industry's average P/B of 2.54. Over the past year, NWSA's P/B has been as high as 1.36 and as low as 0.95, with a median of 1.12.
These are just a handful of the figures considered in News Corporation'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 NWSA is an impressive value stock right now.
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Should Value Investors Buy News Corporation (NWSA) Stock?
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.
News Corporation (NWSA - Free Report) is a stock many investors are watching right now. NWSA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 24.17 right now. For comparison, its industry sports an average P/E of 26.15. NWSA's Forward P/E has been as high as 27.67 and as low as 13.47, with a median of 19.57, all within the past year.
Another valuation metric that we should highlight is NWSA's P/B ratio of 1.25. 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 company's current P/B looks solid when compared to its industry's average P/B of 2.54. Over the past year, NWSA's P/B has been as high as 1.36 and as low as 0.95, with a median of 1.12.
These are just a handful of the figures considered in News Corporation'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 NWSA is an impressive value stock right now.