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Should Value Investors Buy Glencore (GLNCY) 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 value investors might notice is Glencore (GLNCY - Free Report) . GLNCY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Investors will also notice that GLNCY has a PEG ratio of 0.56. 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. GLNCY's PEG compares to its industry's average PEG of 1.58. Over the last 12 months, GLNCY's PEG has been as high as 9.02 and as low as 0.44, with a median of 1.16.
Another notable valuation metric for GLNCY is its P/B ratio of 1.4. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.69. GLNCY's P/B has been as high as 1.95 and as low as 0.99, with a median of 1.39, over the past year.
These are only a few of the key metrics included in Glencore'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, GLNCY looks like an impressive value stock at the moment.
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Should Value Investors Buy Glencore (GLNCY) 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 value investors might notice is Glencore (GLNCY - Free Report) . GLNCY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Investors will also notice that GLNCY has a PEG ratio of 0.56. 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. GLNCY's PEG compares to its industry's average PEG of 1.58. Over the last 12 months, GLNCY's PEG has been as high as 9.02 and as low as 0.44, with a median of 1.16.
Another notable valuation metric for GLNCY is its P/B ratio of 1.4. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.69. GLNCY's P/B has been as high as 1.95 and as low as 0.99, with a median of 1.39, over the past year.
These are only a few of the key metrics included in Glencore'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, GLNCY looks like an impressive value stock at the moment.