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Are Investors Undervaluing Tutor Perini (TPC) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.
One company to watch right now is Tutor Perini (TPC - Free Report) . TPC is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 14.92 right now. For comparison, its industry sports an average P/E of 22.40. Over the past 52 weeks, TPC's Forward P/E has been as high as 21.71 and as low as -18.85, with a median of 16.26.
Another valuation metric that we should highlight is TPC's P/B ratio of 2.78. 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. TPC's current P/B looks attractive when compared to its industry's average P/B of 5.64. Within the past 52 weeks, TPC's P/B has been as high as 2.81 and as low as 0.87, with a median of 1.16.
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. TPC has a P/S ratio of 0.7. This compares to its industry's average P/S of 1.01.
These are just a handful of the figures considered in Tutor Perini'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 TPC is an impressive value stock right now.
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Are Investors Undervaluing Tutor Perini (TPC) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.
One company to watch right now is Tutor Perini (TPC - Free Report) . TPC is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 14.92 right now. For comparison, its industry sports an average P/E of 22.40. Over the past 52 weeks, TPC's Forward P/E has been as high as 21.71 and as low as -18.85, with a median of 16.26.
Another valuation metric that we should highlight is TPC's P/B ratio of 2.78. 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. TPC's current P/B looks attractive when compared to its industry's average P/B of 5.64. Within the past 52 weeks, TPC's P/B has been as high as 2.81 and as low as 0.87, with a median of 1.16.
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. TPC has a P/S ratio of 0.7. This compares to its industry's average P/S of 1.01.
These are just a handful of the figures considered in Tutor Perini'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 TPC is an impressive value stock right now.