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Are Investors Undervaluing Townsquare Media (TSQ) 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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One company value investors might notice is Townsquare Media (TSQ - Free Report) . TSQ is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 11.31, which compares to its industry's average of 24.86. Over the last 12 months, TSQ's Forward P/E has been as high as 13.87 and as low as 6.20, with a median of 9.85.
TSQ is also sporting a PEG ratio of 0.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TSQ's industry currently sports an average PEG of 1.61. Within the past year, TSQ's PEG has been as high as 1.16 and as low as 0.52, with a median of 0.82.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. TSQ has a P/S ratio of 0.2. This compares to its industry's average P/S of 0.5.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Townsquare Media is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, TSQ feels like a great value stock at the moment.
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Are Investors Undervaluing Townsquare Media (TSQ) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One company value investors might notice is Townsquare Media (TSQ - Free Report) . TSQ is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 11.31, which compares to its industry's average of 24.86. Over the last 12 months, TSQ's Forward P/E has been as high as 13.87 and as low as 6.20, with a median of 9.85.
TSQ is also sporting a PEG ratio of 0.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TSQ's industry currently sports an average PEG of 1.61. Within the past year, TSQ's PEG has been as high as 1.16 and as low as 0.52, with a median of 0.82.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. TSQ has a P/S ratio of 0.2. This compares to its industry's average P/S of 0.5.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Townsquare Media is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, TSQ feels like a great value stock at the moment.