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Are Investors Undervaluing Xinyi Glass (XYIGF) Right Now?
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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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. 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.
One stock to keep an eye on is Xinyi Glass (XYIGF - Free Report) . XYIGF is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 6.76, which compares to its industry's average of 9.36. Over the last 12 months, XYIGF's Forward P/E has been as high as 19.94 and as low as 5.69, with a median of 9.56.
Another valuation metric that we should highlight is XYIGF's P/B ratio of 0.98. 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 attractive against its industry's average P/B of 1.42. XYIGF's P/B has been as high as 2.07 and as low as 0.82, with a median of 1.43, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Xinyi Glass is likely undervalued currently. And when considering the strength of its earnings outlook, XYIGF sticks out at as one of the market's strongest value stocks.
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Are Investors Undervaluing Xinyi Glass (XYIGF) Right Now?
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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. 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.
One stock to keep an eye on is Xinyi Glass (XYIGF - Free Report) . XYIGF is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 6.76, which compares to its industry's average of 9.36. Over the last 12 months, XYIGF's Forward P/E has been as high as 19.94 and as low as 5.69, with a median of 9.56.
Another valuation metric that we should highlight is XYIGF's P/B ratio of 0.98. 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 attractive against its industry's average P/B of 1.42. XYIGF's P/B has been as high as 2.07 and as low as 0.82, with a median of 1.43, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Xinyi Glass is likely undervalued currently. And when considering the strength of its earnings outlook, XYIGF sticks out at as one of the market's strongest value stocks.