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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 Flex (FLEX - Free Report) . FLEX is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 14.73 right now. For comparison, its industry sports an average P/E of 17.12. FLEX's Forward P/E has been as high as 16.44 and as low as 9.39, with a median of 13.09, all within the past year.
Investors should also recognize that FLEX has a P/B ratio of 3.36. 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 solid versus its industry's average P/B of 5.67. Over the past year, FLEX's P/B has been as high as 3.41 and as low as 2.04, with a median of 2.70.
Value investors also use the P/S ratio. The P/S ratio 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. FLEX has a P/S ratio of 0.63. This compares to its industry's average P/S of 1.37.
Finally, investors will want to recognize that FLEX has a P/CF ratio of 12.39. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. FLEX's current P/CF looks attractive when compared to its industry's average P/CF of 17.88. FLEX's P/CF has been as high as 12.39 and as low as 7.54, with a median of 9.38, all within the past year.
These are only a few of the key metrics included in Flex'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, FLEX looks like an impressive value stock at the moment.
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Are Investors Undervaluing Flex (FLEX) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 Flex (FLEX - Free Report) . FLEX is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 14.73 right now. For comparison, its industry sports an average P/E of 17.12. FLEX's Forward P/E has been as high as 16.44 and as low as 9.39, with a median of 13.09, all within the past year.
Investors should also recognize that FLEX has a P/B ratio of 3.36. 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 solid versus its industry's average P/B of 5.67. Over the past year, FLEX's P/B has been as high as 3.41 and as low as 2.04, with a median of 2.70.
Value investors also use the P/S ratio. The P/S ratio 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. FLEX has a P/S ratio of 0.63. This compares to its industry's average P/S of 1.37.
Finally, investors will want to recognize that FLEX has a P/CF ratio of 12.39. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. FLEX's current P/CF looks attractive when compared to its industry's average P/CF of 17.88. FLEX's P/CF has been as high as 12.39 and as low as 7.54, with a median of 9.38, all within the past year.
These are only a few of the key metrics included in Flex'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, FLEX looks like an impressive value stock at the moment.