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Should Value Investors Buy Perdoceo Education (PRDO) Stock?
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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.
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 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.
Perdoceo Education (PRDO - Free Report) is a stock many investors are watching right now. PRDO 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 12.5 right now. For comparison, its industry sports an average P/E of 15.45. Over the past 52 weeks, PRDO's Forward P/E has been as high as 13.31 and as low as 8.92, with a median of 11.34.
Another notable valuation metric for PRDO is its P/B ratio of 2.2. The P/B is a method of comparing a stock's market value to 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 3.57. Over the past year, PRDO's P/B has been as high as 2.30 and as low as 1.45, with a median of 1.88.
Value investors will likely look at more than just these metrics, but the above data helps show that Perdoceo Education is likely undervalued currently. And when considering the strength of its earnings outlook, PRDO sticks out as one of the market's strongest value stocks.
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Should Value Investors Buy Perdoceo Education (PRDO) Stock?
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.
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 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.
Perdoceo Education (PRDO - Free Report) is a stock many investors are watching right now. PRDO 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 12.5 right now. For comparison, its industry sports an average P/E of 15.45. Over the past 52 weeks, PRDO's Forward P/E has been as high as 13.31 and as low as 8.92, with a median of 11.34.
Another notable valuation metric for PRDO is its P/B ratio of 2.2. The P/B is a method of comparing a stock's market value to 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 3.57. Over the past year, PRDO's P/B has been as high as 2.30 and as low as 1.45, with a median of 1.88.
Value investors will likely look at more than just these metrics, but the above data helps show that Perdoceo Education is likely undervalued currently. And when considering the strength of its earnings outlook, PRDO sticks out as one of the market's strongest value stocks.