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Are Investors Undervaluing Fox (FOX) 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, 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.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

Fox (FOX - Free Report) is a stock many investors are watching right now. FOX is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 13.3 right now. For comparison, its industry sports an average P/E of 25.92. Over the past year, FOX's Forward P/E has been as high as 13.89 and as low as 10.11, with a median of 11.60.

Investors will also notice that FOX has a PEG ratio of 1.31. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. FOX's PEG compares to its industry's average PEG of 1.68. Over the past 52 weeks, FOX's PEG has been as high as 2.17 and as low as 1.08, with a median of 1.42.

These are just a handful of the figures considered in Fox'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 FOX is an impressive value stock right now.


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