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Should Value Investors Buy OP Bancorp (OPBK) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
OP Bancorp (OPBK - Free Report) is a stock many investors are watching right now. OPBK is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.02 right now. For comparison, its industry sports an average P/E of 12.46. OPBK's Forward P/E has been as high as 12.35 and as low as 6.22, with a median of 7.72, all within the past year.
We should also highlight that OPBK has a P/B ratio of 1.02. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.88. Within the past 52 weeks, OPBK's P/B has been as high as 1.34 and as low as 0.75, with a median of 0.96.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OPBK has a P/S ratio of 1.2. This compares to its industry's average P/S of 2.13.
Finally, we should also recognize that OPBK has a P/CF ratio of 8.10. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 18.37. Within the past 12 months, OPBK's P/CF has been as high as 10.31 and as low as 5.98, with a median of 7.51.
Value investors will likely look at more than just these metrics, but the above data helps show that OP Bancorp is likely undervalued currently. And when considering the strength of its earnings outlook, OPBK sticks out as one of the market's strongest value stocks.
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Should Value Investors Buy OP Bancorp (OPBK) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
OP Bancorp (OPBK - Free Report) is a stock many investors are watching right now. OPBK is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.02 right now. For comparison, its industry sports an average P/E of 12.46. OPBK's Forward P/E has been as high as 12.35 and as low as 6.22, with a median of 7.72, all within the past year.
We should also highlight that OPBK has a P/B ratio of 1.02. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.88. Within the past 52 weeks, OPBK's P/B has been as high as 1.34 and as low as 0.75, with a median of 0.96.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OPBK has a P/S ratio of 1.2. This compares to its industry's average P/S of 2.13.
Finally, we should also recognize that OPBK has a P/CF ratio of 8.10. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 18.37. Within the past 12 months, OPBK's P/CF has been as high as 10.31 and as low as 5.98, with a median of 7.51.
Value investors will likely look at more than just these metrics, but the above data helps show that OP Bancorp is likely undervalued currently. And when considering the strength of its earnings outlook, OPBK sticks out as one of the market's strongest value stocks.