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Is Veolia Environnement (VEOEY) Stock Undervalued 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.
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 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.
One company value investors might notice is Veolia Environnement (VEOEY - Free Report) . VEOEY is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 13.56, which compares to its industry's average of 19.97. Over the last 12 months, VEOEY's Forward P/E has been as high as 15.72 and as low as 5.78, with a median of 6.72.
We also note that VEOEY holds a PEG ratio of 1.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. VEOEY's PEG compares to its industry's average PEG of 2.97. Over the last 12 months, VEOEY's PEG has been as high as 2.22 and as low as 0.57, with a median of 0.70.
Investors should also recognize that VEOEY has a P/B ratio of 1.52. 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 3.28. VEOEY's P/B has been as high as 1.61 and as low as 1.19, with a median of 1.46, over the past year.
These are only a few of the key metrics included in Veolia Environnement'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, VEOEY looks like an impressive value stock at the moment.
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Is Veolia Environnement (VEOEY) Stock Undervalued 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.
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 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.
One company value investors might notice is Veolia Environnement (VEOEY - Free Report) . VEOEY is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 13.56, which compares to its industry's average of 19.97. Over the last 12 months, VEOEY's Forward P/E has been as high as 15.72 and as low as 5.78, with a median of 6.72.
We also note that VEOEY holds a PEG ratio of 1.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. VEOEY's PEG compares to its industry's average PEG of 2.97. Over the last 12 months, VEOEY's PEG has been as high as 2.22 and as low as 0.57, with a median of 0.70.
Investors should also recognize that VEOEY has a P/B ratio of 1.52. 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 3.28. VEOEY's P/B has been as high as 1.61 and as low as 1.19, with a median of 1.46, over the past year.
These are only a few of the key metrics included in Veolia Environnement'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, VEOEY looks like an impressive value stock at the moment.