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Are Investors Undervaluing Johnson Matthey (JMPLY) Right Now?
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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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Johnson Matthey (JMPLY - Free Report) is a stock many investors are watching right now. JMPLY is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 13.17, while its industry has an average P/E of 19.07. Over the past year, JMPLY's Forward P/E has been as high as 13.44 and as low as 6.77, with a median of 8.63.
We also note that JMPLY holds a PEG ratio of 2.95. 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. JMPLY's PEG compares to its industry's average PEG of 3.05. JMPLY's PEG has been as high as 3.28 and as low as 0.40, with a median of 0.53, all within the past year.
We should also highlight that JMPLY has a P/B ratio of 1.49. The P/B ratio pits a stock's market value against 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 1.56. Over the past year, JMPLY's P/B has been as high as 1.52 and as low as 0.83, with a median of 1.02.
These are only a few of the key metrics included in Johnson Matthey'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, JMPLY looks like an impressive value stock at the moment.
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Are Investors Undervaluing Johnson Matthey (JMPLY) Right Now?
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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Johnson Matthey (JMPLY - Free Report) is a stock many investors are watching right now. JMPLY is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 13.17, while its industry has an average P/E of 19.07. Over the past year, JMPLY's Forward P/E has been as high as 13.44 and as low as 6.77, with a median of 8.63.
We also note that JMPLY holds a PEG ratio of 2.95. 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. JMPLY's PEG compares to its industry's average PEG of 3.05. JMPLY's PEG has been as high as 3.28 and as low as 0.40, with a median of 0.53, all within the past year.
We should also highlight that JMPLY has a P/B ratio of 1.49. The P/B ratio pits a stock's market value against 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 1.56. Over the past year, JMPLY's P/B has been as high as 1.52 and as low as 0.83, with a median of 1.02.
These are only a few of the key metrics included in Johnson Matthey'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, JMPLY looks like an impressive value stock at the moment.