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Are Investors Undervaluing Cricut (CRCT) Right Now?
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of 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 Cricut (CRCT - Free Report) . CRCT is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. CRCT has a P/S ratio of 1.78. This compares to its industry's average P/S of 1.96.
Finally, investors should note that CRCT has a P/CF ratio of 14.98. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CRCT's current P/CF looks attractive when compared to its industry's average P/CF of 37.01. CRCT's P/CF has been as high as 16.17 and as low as 9.27, with a median of 13.30, all within the past year.
Vontier (VNT - Free Report) may be another strong Technology Services stock to add to your shortlist. VNT is a Zacks Rank of #2 (Buy) stock with a Value grade of A.
Shares of Vontier currently hold a Forward P/E ratio of 12.63, and its PEG ratio is 1.32. In comparison, its industry sports average P/E and PEG ratios of 21.78 and 1.11.
VNT's Forward P/E has been as high as 12.96 and as low as 8.65, with a median of 11.59. During the same time period, its PEG ratio has been as high as 1.78, as low as 0.86, with a median of 1.31.
Additionally, Vontier has a P/B ratio of 5.25 while its industry's price-to-book ratio sits at 4.41. For VNT, this valuation metric has been as high as 5.82, as low as 3.75, with a median of 4.98 over the past year.
These are just a handful of the figures considered in Cricut and Vontier'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 CRCT and VNT is an impressive value stock right now.
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Are Investors Undervaluing Cricut (CRCT) 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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of 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 Cricut (CRCT - Free Report) . CRCT is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. CRCT has a P/S ratio of 1.78. This compares to its industry's average P/S of 1.96.
Finally, investors should note that CRCT has a P/CF ratio of 14.98. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CRCT's current P/CF looks attractive when compared to its industry's average P/CF of 37.01. CRCT's P/CF has been as high as 16.17 and as low as 9.27, with a median of 13.30, all within the past year.
Vontier (VNT - Free Report) may be another strong Technology Services stock to add to your shortlist. VNT is a Zacks Rank of #2 (Buy) stock with a Value grade of A.
Shares of Vontier currently hold a Forward P/E ratio of 12.63, and its PEG ratio is 1.32. In comparison, its industry sports average P/E and PEG ratios of 21.78 and 1.11.
VNT's Forward P/E has been as high as 12.96 and as low as 8.65, with a median of 11.59. During the same time period, its PEG ratio has been as high as 1.78, as low as 0.86, with a median of 1.31.
Additionally, Vontier has a P/B ratio of 5.25 while its industry's price-to-book ratio sits at 4.41. For VNT, this valuation metric has been as high as 5.82, as low as 3.75, with a median of 4.98 over the past year.
These are just a handful of the figures considered in Cricut and Vontier'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 CRCT and VNT is an impressive value stock right now.