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Are Investors Undervaluing ENGIE - Sponsored ADR (ENGIY) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
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 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 company value investors might notice is ENGIE - Sponsored ADR (ENGIY - Free Report) . ENGIY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.66. This compares to its industry's average Forward P/E of 15.60. Over the past year, ENGIY's Forward P/E has been as high as 11.37 and as low as 6.67, with a median of 9.61.
Another valuation metric that we should highlight is ENGIY's P/B ratio of 1.14. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. ENGIY's current P/B looks attractive when compared to its industry's average P/B of 2.76. Over the past 12 months, ENGIY's P/B has been as high as 1.28 and as low as 0.86, with a median of 1.05.
These are just a handful of the figures considered in ENGIE - Sponsored ADR'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 ENGIY is an impressive value stock right now.
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Are Investors Undervaluing ENGIE - Sponsored ADR (ENGIY) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
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 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 company value investors might notice is ENGIE - Sponsored ADR (ENGIY - Free Report) . ENGIY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.66. This compares to its industry's average Forward P/E of 15.60. Over the past year, ENGIY's Forward P/E has been as high as 11.37 and as low as 6.67, with a median of 9.61.
Another valuation metric that we should highlight is ENGIY's P/B ratio of 1.14. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. ENGIY's current P/B looks attractive when compared to its industry's average P/B of 2.76. Over the past 12 months, ENGIY's P/B has been as high as 1.28 and as low as 0.86, with a median of 1.05.
These are just a handful of the figures considered in ENGIE - Sponsored ADR'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 ENGIY is an impressive value stock right now.