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Are Investors Undervaluing Enova International (ENVA) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Enova International (ENVA - Free Report) is a stock many investors are watching right now. ENVA is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 9.3. This compares to its industry's average Forward P/E of 10.52. Over the past 52 weeks, ENVA's Forward P/E has been as high as 10.85 and as low as 7.10, with a median of 8.63.
Finally, we should also recognize that ENVA has a P/CF ratio of 10.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.01. Over the past year, ENVA's P/CF has been as high as 12.59 and as low as 8.04, with a median of 9.98.
Value investors will likely look at more than just these metrics, but the above data helps show that Enova International is likely undervalued currently. And when considering the strength of its earnings outlook, ENVA sticks out as one of the market's strongest value stocks.
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Are Investors Undervaluing Enova International (ENVA) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Enova International (ENVA - Free Report) is a stock many investors are watching right now. ENVA is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 9.3. This compares to its industry's average Forward P/E of 10.52. Over the past 52 weeks, ENVA's Forward P/E has been as high as 10.85 and as low as 7.10, with a median of 8.63.
Finally, we should also recognize that ENVA has a P/CF ratio of 10.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.01. Over the past year, ENVA's P/CF has been as high as 12.59 and as low as 8.04, with a median of 9.98.
Value investors will likely look at more than just these metrics, but the above data helps show that Enova International is likely undervalued currently. And when considering the strength of its earnings outlook, ENVA sticks out as one of the market's strongest value stocks.