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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is Polaris (PII - Free Report) . PII is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 10.88. This compares to its industry's average Forward P/E of 32.36. PII's Forward P/E has been as high as 13.35 and as low as 8.86, with a median of 10.65, all within the past year.
Finally, investors will want to recognize that PII has a P/CF ratio of 7.60. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.54. Over the past year, PII's P/CF has been as high as 14.85 and as low as 7.60, with a median of 9.68.
Value investors will likely look at more than just these metrics, but the above data helps show that Polaris is likely undervalued currently. And when considering the strength of its earnings outlook, PII sticks out at as one of the market's strongest value stocks.
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Should Value Investors Buy Polaris (PII) Stock?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is Polaris (PII - Free Report) . PII is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 10.88. This compares to its industry's average Forward P/E of 32.36. PII's Forward P/E has been as high as 13.35 and as low as 8.86, with a median of 10.65, all within the past year.
Finally, investors will want to recognize that PII has a P/CF ratio of 7.60. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.54. Over the past year, PII's P/CF has been as high as 14.85 and as low as 7.60, with a median of 9.68.
Value investors will likely look at more than just these metrics, but the above data helps show that Polaris is likely undervalued currently. And when considering the strength of its earnings outlook, PII sticks out at as one of the market's strongest value stocks.