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Are Investors Undervaluing Par Pacific (PARR) Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Par Pacific (PARR - Free Report) . PARR is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 9.61, which compares to its industry's average of 10.90. Over the past year, PARR's Forward P/E has been as high as 33.91 and as low as 5.93, with a median of 15.56.
Another valuation metric that we should highlight is PARR's P/B ratio of 1.57. 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. PARR's current P/B looks attractive when compared to its industry's average P/B of 1.98. PARR's P/B has been as high as 1.63 and as low as 0.58, with a median of 0.80, over the past year.
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. PARR has a P/S ratio of 0.29. This compares to its industry's average P/S of 0.44.
These are just a handful of the figures considered in Par Pacific'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 PARR is an impressive value stock right now.
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Are Investors Undervaluing Par Pacific (PARR) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Par Pacific (PARR - Free Report) . PARR is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 9.61, which compares to its industry's average of 10.90. Over the past year, PARR's Forward P/E has been as high as 33.91 and as low as 5.93, with a median of 15.56.
Another valuation metric that we should highlight is PARR's P/B ratio of 1.57. 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. PARR's current P/B looks attractive when compared to its industry's average P/B of 1.98. PARR's P/B has been as high as 1.63 and as low as 0.58, with a median of 0.80, over the past year.
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. PARR has a P/S ratio of 0.29. This compares to its industry's average P/S of 0.44.
These are just a handful of the figures considered in Par Pacific'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 PARR is an impressive value stock right now.