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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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Air Lease (AL - Free Report) is a stock many investors are watching right now. AL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 9.56. This compares to its industry's average Forward P/E of 14.57. AL's Forward P/E has been as high as 9.56 and as low as 6.38, with a median of 7.64, all within the past year.
Investors should also note that AL holds a PEG ratio of 0.82. 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. AL's PEG compares to its industry's average PEG of 1.21. AL's PEG has been as high as 0.97 and as low as 0.30, with a median of 0.66, all within the past year.
We should also highlight that AL has a P/B ratio of 0.72. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.56. Over the past 12 months, AL's P/B has been as high as 0.73 and as low as 0.54, with a median of 0.64.
Finally, we should also recognize that AL has a P/CF ratio of 2.86. 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. AL's P/CF compares to its industry's average P/CF of 8.18. AL's P/CF has been as high as 4.49 and as low as 2.20, with a median of 2.68, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Air Lease is likely undervalued currently. And when considering the strength of its earnings outlook, AL sticks out at as one of the market's strongest value stocks.
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Is Air Lease (AL) Stock Undervalued Right Now?
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Air Lease (AL - Free Report) is a stock many investors are watching right now. AL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 9.56. This compares to its industry's average Forward P/E of 14.57. AL's Forward P/E has been as high as 9.56 and as low as 6.38, with a median of 7.64, all within the past year.
Investors should also note that AL holds a PEG ratio of 0.82. 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. AL's PEG compares to its industry's average PEG of 1.21. AL's PEG has been as high as 0.97 and as low as 0.30, with a median of 0.66, all within the past year.
We should also highlight that AL has a P/B ratio of 0.72. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.56. Over the past 12 months, AL's P/B has been as high as 0.73 and as low as 0.54, with a median of 0.64.
Finally, we should also recognize that AL has a P/CF ratio of 2.86. 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. AL's P/CF compares to its industry's average P/CF of 8.18. AL's P/CF has been as high as 4.49 and as low as 2.20, with a median of 2.68, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Air Lease is likely undervalued currently. And when considering the strength of its earnings outlook, AL sticks out at as one of the market's strongest value stocks.