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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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One company to watch right now is Cable One (CABO - Free Report) . CABO is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 4.01, while its industry has an average P/E of 6.77. Over the past year, CABO's Forward P/E has been as high as 11.51 and as low as 3.61, with a median of 7.64.
Investors should also recognize that CABO has a P/B ratio of 0.71. 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. CABO's current P/B looks attractive when compared to its industry's average P/B of 1.44. Within the past 52 weeks, CABO's P/B has been as high as 1.27 and as low as 0.40, with a median of 0.84.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CABO has a P/S ratio of 0.59. This compares to its industry's average P/S of 0.75.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Cable One is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CABO feels like a great value stock at the moment.
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Is Cable One (CABO) Stock Undervalued 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One company to watch right now is Cable One (CABO - Free Report) . CABO is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 4.01, while its industry has an average P/E of 6.77. Over the past year, CABO's Forward P/E has been as high as 11.51 and as low as 3.61, with a median of 7.64.
Investors should also recognize that CABO has a P/B ratio of 0.71. 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. CABO's current P/B looks attractive when compared to its industry's average P/B of 1.44. Within the past 52 weeks, CABO's P/B has been as high as 1.27 and as low as 0.40, with a median of 0.84.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CABO has a P/S ratio of 0.59. This compares to its industry's average P/S of 0.75.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Cable One is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CABO feels like a great value stock at the moment.