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Should Value Investors Buy Nomad Foods Limited (NOMD) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Nomad Foods Limited (NOMD - Free Report) . NOMD is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 9.28. This compares to its industry's average Forward P/E of 16.49. Over the past year, NOMD's Forward P/E has been as high as 10.82 and as low as 7.48, with a median of 9.59.
We should also highlight that NOMD has a P/B ratio of 1.08. 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. NOMD's current P/B looks attractive when compared to its industry's average P/B of 2.17. Within the past 52 weeks, NOMD's P/B has been as high as 1.21 and as low as 0.82, with a median of 1.07.
Finally, our model also underscores that NOMD has a P/CF ratio of 9.48. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 16.10. Within the past 12 months, NOMD's P/CF has been as high as 10.37 and as low as 7.18, with a median of 9.11.
These are just a handful of the figures considered in Nomad Foods Limited'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 NOMD is an impressive value stock right now.
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Should Value Investors Buy Nomad Foods Limited (NOMD) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Nomad Foods Limited (NOMD - Free Report) . NOMD is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 9.28. This compares to its industry's average Forward P/E of 16.49. Over the past year, NOMD's Forward P/E has been as high as 10.82 and as low as 7.48, with a median of 9.59.
We should also highlight that NOMD has a P/B ratio of 1.08. 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. NOMD's current P/B looks attractive when compared to its industry's average P/B of 2.17. Within the past 52 weeks, NOMD's P/B has been as high as 1.21 and as low as 0.82, with a median of 1.07.
Finally, our model also underscores that NOMD has a P/CF ratio of 9.48. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 16.10. Within the past 12 months, NOMD's P/CF has been as high as 10.37 and as low as 7.18, with a median of 9.11.
These are just a handful of the figures considered in Nomad Foods Limited'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 NOMD is an impressive value stock right now.