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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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is SkyWest (SKYW - Free Report) . SKYW is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.07. This compares to its industry's average Forward P/E of 11.72. Over the past 52 weeks, SKYW's Forward P/E has been as high as 14.41 and as low as 8.62, with a median of 11.24.
Investors should also recognize that SKYW has a P/B ratio of 1.63. 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. SKYW's current P/B looks attractive when compared to its industry's average P/B of 3.70. Over the past year, SKYW's P/B has been as high as 2.02 and as low as 1.30, with a median of 1.69.
Finally, our model also underscores that SKYW has a P/CF ratio of 5.46. 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. SKYW's P/CF compares to its industry's average P/CF of 7.73. Over the past year, SKYW's P/CF has been as high as 7.64 and as low as 4.42, with a median of 5.89.
These are only a few of the key metrics included in SkyWest's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SKYW looks like an impressive value stock at the moment.
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Is SkyWest (SKYW) a Great Value Stock 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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is SkyWest (SKYW - Free Report) . SKYW is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.07. This compares to its industry's average Forward P/E of 11.72. Over the past 52 weeks, SKYW's Forward P/E has been as high as 14.41 and as low as 8.62, with a median of 11.24.
Investors should also recognize that SKYW has a P/B ratio of 1.63. 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. SKYW's current P/B looks attractive when compared to its industry's average P/B of 3.70. Over the past year, SKYW's P/B has been as high as 2.02 and as low as 1.30, with a median of 1.69.
Finally, our model also underscores that SKYW has a P/CF ratio of 5.46. 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. SKYW's P/CF compares to its industry's average P/CF of 7.73. Over the past year, SKYW's P/CF has been as high as 7.64 and as low as 4.42, with a median of 5.89.
These are only a few of the key metrics included in SkyWest's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SKYW looks like an impressive value stock at the moment.