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Are Investors Undervaluing OI Glass (OI) Right Now?
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
OI Glass (OI - Free Report) is a stock many investors are watching right now. OI is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7.63 right now. For comparison, its industry sports an average P/E of 8.44. Over the past year, OI's Forward P/E has been as high as 14.36 and as low as 6.51, with a median of 8.07.
We also note that OI holds a PEG ratio of 0.22. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OI's PEG compares to its industry's average PEG of 0.24. Over the past 52 weeks, OI's PEG has been as high as 1.32 and as low as 0.18, with a median of 0.24.
Investors should also recognize that OI has a P/B ratio of 1.47. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.84. Over the past 12 months, OI's P/B has been as high as 1,033.82 and as low as 1.14, with a median of 1.57.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. OI has a P/S ratio of 0.31. This compares to its industry's average P/S of 0.41.
Finally, we should also recognize that OI has a P/CF ratio of 8.80. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. OI's current P/CF looks attractive when compared to its industry's average P/CF of 10.81. Over the past year, OI's P/CF has been as high as 25.52 and as low as 4.02, with a median of 8.74.
These are just a handful of the figures considered in 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 OI is an impressive value stock right now.
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Are Investors Undervaluing OI Glass (OI) Right Now?
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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
OI Glass (OI - Free Report) is a stock many investors are watching right now. OI is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7.63 right now. For comparison, its industry sports an average P/E of 8.44. Over the past year, OI's Forward P/E has been as high as 14.36 and as low as 6.51, with a median of 8.07.
We also note that OI holds a PEG ratio of 0.22. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OI's PEG compares to its industry's average PEG of 0.24. Over the past 52 weeks, OI's PEG has been as high as 1.32 and as low as 0.18, with a median of 0.24.
Investors should also recognize that OI has a P/B ratio of 1.47. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.84. Over the past 12 months, OI's P/B has been as high as 1,033.82 and as low as 1.14, with a median of 1.57.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. OI has a P/S ratio of 0.31. This compares to its industry's average P/S of 0.41.
Finally, we should also recognize that OI has a P/CF ratio of 8.80. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. OI's current P/CF looks attractive when compared to its industry's average P/CF of 10.81. Over the past year, OI's P/CF has been as high as 25.52 and as low as 4.02, with a median of 8.74.
These are just a handful of the figures considered in 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 OI is an impressive value stock right now.