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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.
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.
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 RPC (RES - Free Report) . RES is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 8.23. This compares to its industry's average Forward P/E of 13.43. RES's Forward P/E has been as high as 9.03 and as low as 3.77, with a median of 6.29, all within the past year.
Another valuation metric that we should highlight is RES's P/B ratio of 1.63. The P/B ratio pits a stock's market value against 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 2.47. Over the past 12 months, RES's P/B has been as high as 2.07 and as low as 1.36, with a median of 1.69.
Finally, our model also underscores that RES has a P/CF ratio of 5.47. 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. RES's P/CF compares to its industry's average P/CF of 8.86. Over the past 52 weeks, RES's P/CF has been as high as 5.88 and as low as 3.98, with a median of 4.67.
These are only a few of the key metrics included in RPC's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, RES looks like an impressive value stock at the moment.
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Is RPC (RES) a Great Value Stock 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.
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.
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 RPC (RES - Free Report) . RES is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 8.23. This compares to its industry's average Forward P/E of 13.43. RES's Forward P/E has been as high as 9.03 and as low as 3.77, with a median of 6.29, all within the past year.
Another valuation metric that we should highlight is RES's P/B ratio of 1.63. The P/B ratio pits a stock's market value against 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 2.47. Over the past 12 months, RES's P/B has been as high as 2.07 and as low as 1.36, with a median of 1.69.
Finally, our model also underscores that RES has a P/CF ratio of 5.47. 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. RES's P/CF compares to its industry's average P/CF of 8.86. Over the past 52 weeks, RES's P/CF has been as high as 5.88 and as low as 3.98, with a median of 4.67.
These are only a few of the key metrics included in RPC's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, RES looks like an impressive value stock at the moment.