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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Avient (AVNT - Free Report) is a stock many investors are watching right now. AVNT is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors will also notice that AVNT has a PEG ratio of 0.66. 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. AVNT's industry currently sports an average PEG of 1.70. Within the past year, AVNT's PEG has been as high as 0.90 and as low as 0.61, with a median of 0.74.
Another notable valuation metric for AVNT is its P/B ratio of 1.51. 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. This stock's P/B looks solid versus its industry's average P/B of 2.02. AVNT's P/B has been as high as 2.47 and as low as 1.30, with a median of 1.61, over the past year.
Finally, our model also underscores that AVNT has a P/CF ratio of 4.25. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. AVNT's P/CF compares to its industry's average P/CF of 7.26. Within the past 12 months, AVNT's P/CF has been as high as 11.38 and as low as 3.41, with a median of 4.45.
Value investors will likely look at more than just these metrics, but the above data helps show that Avient is likely undervalued currently. And when considering the strength of its earnings outlook, AVNT sticks out at as one of the market's strongest value stocks.
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Is Avient (AVNT) Stock Undervalued Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Avient (AVNT - Free Report) is a stock many investors are watching right now. AVNT is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors will also notice that AVNT has a PEG ratio of 0.66. 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. AVNT's industry currently sports an average PEG of 1.70. Within the past year, AVNT's PEG has been as high as 0.90 and as low as 0.61, with a median of 0.74.
Another notable valuation metric for AVNT is its P/B ratio of 1.51. 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. This stock's P/B looks solid versus its industry's average P/B of 2.02. AVNT's P/B has been as high as 2.47 and as low as 1.30, with a median of 1.61, over the past year.
Finally, our model also underscores that AVNT has a P/CF ratio of 4.25. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. AVNT's P/CF compares to its industry's average P/CF of 7.26. Within the past 12 months, AVNT's P/CF has been as high as 11.38 and as low as 3.41, with a median of 4.45.
Value investors will likely look at more than just these metrics, but the above data helps show that Avient is likely undervalued currently. And when considering the strength of its earnings outlook, AVNT sticks out at as one of the market's strongest value stocks.