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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 to watch right now is Jeld-Wen (JELD - Free Report) . JELD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.70. This compares to its industry's average Forward P/E of 26.82. Over the past year, JELD's Forward P/E has been as high as 12.61 and as low as 6.82, with a median of 9.88.
JELD is also sporting a PEG ratio of 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JELD's PEG compares to its industry's average PEG of 2.49. Over the past 52 weeks, JELD's PEG has been as high as 1.82 and as low as 0.73, with a median of 1.01.
Another notable valuation metric for JELD is its P/B ratio of 1.85. 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 attractive against its industry's average P/B of 3.44. Over the past year, JELD's P/B has been as high as 2.02 and as low as 1.12, with a median of 1.63.
These are just a handful of the figures considered in Jeld-Wen'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 JELD is an impressive value stock right now.
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Should Value Investors Buy Jeld-Wen (JELD) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 to watch right now is Jeld-Wen (JELD - Free Report) . JELD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.70. This compares to its industry's average Forward P/E of 26.82. Over the past year, JELD's Forward P/E has been as high as 12.61 and as low as 6.82, with a median of 9.88.
JELD is also sporting a PEG ratio of 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JELD's PEG compares to its industry's average PEG of 2.49. Over the past 52 weeks, JELD's PEG has been as high as 1.82 and as low as 0.73, with a median of 1.01.
Another notable valuation metric for JELD is its P/B ratio of 1.85. 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 attractive against its industry's average P/B of 3.44. Over the past year, JELD's P/B has been as high as 2.02 and as low as 1.12, with a median of 1.63.
These are just a handful of the figures considered in Jeld-Wen'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 JELD is an impressive value stock right now.