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Should Value Investors Buy Johnson Matthey (JMPLY) Stock?
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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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 to watch right now is Johnson Matthey (JMPLY - Free Report) . JMPLY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 12.76, while its industry has an average P/E of 19.41. Over the last 12 months, JMPLY's Forward P/E has been as high as 12.96 and as low as 6.77, with a median of 8.63.
Another valuation metric that we should highlight is JMPLY's P/B ratio of 1.43. 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 1.51. Over the past year, JMPLY's P/B has been as high as 1.46 and as low as 0.83, with a median of 1.02.
Value investors will likely look at more than just these metrics, but the above data helps show that Johnson Matthey is likely undervalued currently. And when considering the strength of its earnings outlook, JMPLY sticks out as one of the market's strongest value stocks.
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Should Value Investors Buy Johnson Matthey (JMPLY) Stock?
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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 to watch right now is Johnson Matthey (JMPLY - Free Report) . JMPLY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 12.76, while its industry has an average P/E of 19.41. Over the last 12 months, JMPLY's Forward P/E has been as high as 12.96 and as low as 6.77, with a median of 8.63.
Another valuation metric that we should highlight is JMPLY's P/B ratio of 1.43. 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 1.51. Over the past year, JMPLY's P/B has been as high as 1.46 and as low as 0.83, with a median of 1.02.
Value investors will likely look at more than just these metrics, but the above data helps show that Johnson Matthey is likely undervalued currently. And when considering the strength of its earnings outlook, JMPLY sticks out as one of the market's strongest value stocks.