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Are Investors Undervaluing Apogee Enterprises (APOG) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Apogee Enterprises (APOG - Free Report) . APOG is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.
We should also highlight that APOG has a P/B ratio of 1.89. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. APOG's current P/B looks attractive when compared to its industry's average P/B of 2.17. Within the past 52 weeks, APOG's P/B has been as high as 3.78 and as low as 1.68, with a median of 2.24.
Finally, we should also recognize that APOG has a P/CF ratio of 7.97. 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. APOG's P/CF compares to its industry's average P/CF of 9.03. APOG's P/CF has been as high as 13.26 and as low as 6.12, with a median of 8.39, all within the past year.
Investors could also keep in mind OI Glass (OI - Free Report) , another Glass Products stock with a Zacks Rank of #1 (Strong Buy) and Value grade of A.
Shares of OI Glass are currently trading at a forward earnings multiple of 9.11 and a PEG ratio of 0.26 compared to its industry's P/E and PEG ratios of 9.48 and 0.27, respectively.
OI's Forward P/E has been as high as 14.36 and as low as 5.78, with a median of 8.01. During the same time period, its PEG ratio has been as high as 1.32, as low as 0.18, with a median of 0.25.
OI Glass sports a P/B ratio of 1.82 as well; this compares to its industry's price-to-book ratio of 2.17. In the past 52 weeks, OI's P/B has been as high as 1.96, as low as 1.04, with a median of 1.37.
These are just a handful of the figures considered in Apogee Enterprises and OI Glass's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that APOG and OI is an impressive value stock right now.
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Are Investors Undervaluing Apogee Enterprises (APOG) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Apogee Enterprises (APOG - Free Report) . APOG is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.
We should also highlight that APOG has a P/B ratio of 1.89. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. APOG's current P/B looks attractive when compared to its industry's average P/B of 2.17. Within the past 52 weeks, APOG's P/B has been as high as 3.78 and as low as 1.68, with a median of 2.24.
Finally, we should also recognize that APOG has a P/CF ratio of 7.97. 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. APOG's P/CF compares to its industry's average P/CF of 9.03. APOG's P/CF has been as high as 13.26 and as low as 6.12, with a median of 8.39, all within the past year.
Investors could also keep in mind OI Glass (OI - Free Report) , another Glass Products stock with a Zacks Rank of #1 (Strong Buy) and Value grade of A.
Shares of OI Glass are currently trading at a forward earnings multiple of 9.11 and a PEG ratio of 0.26 compared to its industry's P/E and PEG ratios of 9.48 and 0.27, respectively.
OI's Forward P/E has been as high as 14.36 and as low as 5.78, with a median of 8.01. During the same time period, its PEG ratio has been as high as 1.32, as low as 0.18, with a median of 0.25.
OI Glass sports a P/B ratio of 1.82 as well; this compares to its industry's price-to-book ratio of 2.17. In the past 52 weeks, OI's P/B has been as high as 1.96, as low as 1.04, with a median of 1.37.
These are just a handful of the figures considered in Apogee Enterprises and OI Glass's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that APOG and OI is an impressive value stock right now.