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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, 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Nokia (NOK - Free Report) . NOK is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 13.28 right now. For comparison, its industry sports an average P/E of 27.10. Over the past 52 weeks, NOK's Forward P/E has been as high as 15.03 and as low as 11.37, with a median of 12.99.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. NOK has a P/S ratio of 1.59. This compares to its industry's average P/S of 2.02.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Nokia is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NOK feels like a great value stock at the moment.
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Is Nokia (NOK) Stock Undervalued 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, 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Nokia (NOK - Free Report) . NOK is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 13.28 right now. For comparison, its industry sports an average P/E of 27.10. Over the past 52 weeks, NOK's Forward P/E has been as high as 15.03 and as low as 11.37, with a median of 12.99.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. NOK has a P/S ratio of 1.59. This compares to its industry's average P/S of 2.02.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Nokia is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NOK feels like a great value stock at the moment.