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Should Value Investors Buy Cementos Pacasmayo (CPAC) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Cementos Pacasmayo (CPAC - Free Report) is a stock many investors are watching right now. CPAC is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.84. This compares to its industry's average Forward P/E of 24.26. Over the last 12 months, CPAC's Forward P/E has been as high as 13.10 and as low as 7.26, with a median of 8.91.
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. CPAC has a P/S ratio of 1.12. This compares to its industry's average P/S of 3.35.
These are just a handful of the figures considered in Cementos Pacasmayo'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 CPAC is an impressive value stock right now.
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Should Value Investors Buy Cementos Pacasmayo (CPAC) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Cementos Pacasmayo (CPAC - Free Report) is a stock many investors are watching right now. CPAC is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.84. This compares to its industry's average Forward P/E of 24.26. Over the last 12 months, CPAC's Forward P/E has been as high as 13.10 and as low as 7.26, with a median of 8.91.
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. CPAC has a P/S ratio of 1.12. This compares to its industry's average P/S of 3.35.
These are just a handful of the figures considered in Cementos Pacasmayo'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 CPAC is an impressive value stock right now.