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Should Value Investors Buy The Japan Steel Works (JPSWY) Stock?
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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.
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.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is The Japan Steel Works (JPSWY - Free Report) . JPSWY 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 14.49. This compares to its industry's average Forward P/E of 21.76. JPSWY's Forward P/E has been as high as 17.52 and as low as 7.91, with a median of 10.64, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. JPSWY has a P/S ratio of 1.03. This compares to its industry's average P/S of 1.76.
Value investors will likely look at more than just these metrics, but the above data helps show that The Japan Steel Works is likely undervalued currently. And when considering the strength of its earnings outlook, JPSWY sticks out at as one of the market's strongest value stocks.
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Should Value Investors Buy The Japan Steel Works (JPSWY) Stock?
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.
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.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is The Japan Steel Works (JPSWY - Free Report) . JPSWY 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 14.49. This compares to its industry's average Forward P/E of 21.76. JPSWY's Forward P/E has been as high as 17.52 and as low as 7.91, with a median of 10.64, all within the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. JPSWY has a P/S ratio of 1.03. This compares to its industry's average P/S of 1.76.
Value investors will likely look at more than just these metrics, but the above data helps show that The Japan Steel Works is likely undervalued currently. And when considering the strength of its earnings outlook, JPSWY sticks out at as one of the market's strongest value stocks.