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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.
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.
South32 (SOUHY - Free Report) is a stock many investors are watching right now. SOUHY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.2 right now. For comparison, its industry sports an average P/E of 15.47. Over the last 12 months, SOUHY's Forward P/E has been as high as 15.96 and as low as 8.25, with a median of 10.93.
Another notable valuation metric for SOUHY is its P/B ratio of 0.87. 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 1.55. Over the past 12 months, SOUHY's P/B has been as high as 1.31 and as low as 0.74, with a median of 1.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that South32 is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SOUHY feels like a great value stock at the moment.
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Should Value Investors Buy South32 (SOUHY) Stock?
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.
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.
South32 (SOUHY - Free Report) is a stock many investors are watching right now. SOUHY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.2 right now. For comparison, its industry sports an average P/E of 15.47. Over the last 12 months, SOUHY's Forward P/E has been as high as 15.96 and as low as 8.25, with a median of 10.93.
Another notable valuation metric for SOUHY is its P/B ratio of 0.87. 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 1.55. Over the past 12 months, SOUHY's P/B has been as high as 1.31 and as low as 0.74, with a median of 1.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that South32 is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SOUHY feels like a great value stock at the moment.