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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.
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.
One company to watch right now is Gentex (GNTX - Free Report) . GNTX is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 15.03 right now. For comparison, its industry sports an average P/E of 18.63. Over the past 52 weeks, GNTX's Forward P/E has been as high as 15.46 and as low as 10.60, with a median of 13.03.
Another valuation metric that we should highlight is GNTX's P/B ratio of 2.59. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. GNTX's current P/B looks attractive when compared to its industry's average P/B of 4.19. Over the past year, GNTX's P/B has been as high as 2.97 and as low as 1.89, with a median of 2.41.
If you're looking for another solid Automotive - Original Equipment value stock, take a look at Visteon (VC - Free Report) . VC is a Zacks Rank of #2 (Buy) stock with a Value score of A.
Visteon is currently trading with a Forward P/E ratio of 13.69 while its PEG ratio sits at 2.73. Both of the company's metrics compare favorably to its industry's average P/E of 18.63 and average PEG ratio of 0.97.
Over the past year, VC's P/E has been as high as 14.33, as low as 8.02, with a median of 10.34; its PEG ratio has been as high as 4.75, as low as 0.35, with a median of 0.40 during the same time period.
Visteon also has a P/B ratio of 2.27 compared to its industry's price-to-book ratio of 4.19. Over the past year, its P/B ratio has been as high as 2.34, as low as 1.31, with a median of 1.87.
These are only a few of the key metrics included in Gentex and Visteon strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, GNTX and VC look like an impressive value stock at the moment.
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Is Gentex (GNTX) Stock Undervalued Right Now?
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.
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.
One company to watch right now is Gentex (GNTX - Free Report) . GNTX is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 15.03 right now. For comparison, its industry sports an average P/E of 18.63. Over the past 52 weeks, GNTX's Forward P/E has been as high as 15.46 and as low as 10.60, with a median of 13.03.
Another valuation metric that we should highlight is GNTX's P/B ratio of 2.59. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. GNTX's current P/B looks attractive when compared to its industry's average P/B of 4.19. Over the past year, GNTX's P/B has been as high as 2.97 and as low as 1.89, with a median of 2.41.
If you're looking for another solid Automotive - Original Equipment value stock, take a look at Visteon (VC - Free Report) . VC is a Zacks Rank of #2 (Buy) stock with a Value score of A.
Visteon is currently trading with a Forward P/E ratio of 13.69 while its PEG ratio sits at 2.73. Both of the company's metrics compare favorably to its industry's average P/E of 18.63 and average PEG ratio of 0.97.
Over the past year, VC's P/E has been as high as 14.33, as low as 8.02, with a median of 10.34; its PEG ratio has been as high as 4.75, as low as 0.35, with a median of 0.40 during the same time period.
Visteon also has a P/B ratio of 2.27 compared to its industry's price-to-book ratio of 4.19. Over the past year, its P/B ratio has been as high as 2.34, as low as 1.31, with a median of 1.87.
These are only a few of the key metrics included in Gentex and Visteon strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, GNTX and VC look like an impressive value stock at the moment.