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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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Phreesia (PHR - Free Report) . PHR is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
We should also highlight that PHR has a P/B ratio of 4.8. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. PHR's current P/B looks attractive when compared to its industry's average P/B of 7.26. PHR's P/B has been as high as 6.69 and as low as 4.12, with a median of 5.49, over the past year.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. PHR has a P/S ratio of 1.33. This compares to its industry's average P/S of 1.89.
These are just a handful of the figures considered in Phreesia'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 PHR is an impressive value stock right now.
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Should Value Investors Buy Phreesia (PHR) Stock?
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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Phreesia (PHR - Free Report) . PHR is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
We should also highlight that PHR has a P/B ratio of 4.8. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. PHR's current P/B looks attractive when compared to its industry's average P/B of 7.26. PHR's P/B has been as high as 6.69 and as low as 4.12, with a median of 5.49, over the past year.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. PHR has a P/S ratio of 1.33. This compares to its industry's average P/S of 1.89.
These are just a handful of the figures considered in Phreesia'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 PHR is an impressive value stock right now.