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Are Investors Undervaluing CNO Financial Group (CNO) Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 value investors might notice is CNO Financial Group (CNO - Free Report) . CNO is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.
We should also highlight that CNO has a P/B ratio of 1.52. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.01. Over the past year, CNO's P/B has been as high as 1.75 and as low as 1.31, with a median of 1.50.
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 preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CNO has a P/S ratio of 1.1. This compares to its industry's average P/S of 1.11.
If you're looking for another solid Insurance - Multi line value stock, take a look at Ping An Insurance Co. of China (PNGAY - Free Report) . PNGAY is a Zacks Rank of #1 (Strong Buy) stock with a Value score of A.
Additionally, Ping An Insurance Co. of China has a P/B ratio of 0.68 while its industry's price-to-book ratio sits at 3.01. For PNGAY, this valuation metric has been as high as 0.81, as low as 0.47, with a median of 0.61 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that CNO Financial Group and Ping An Insurance Co. of China are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CNO and PNGAY feels like a great value stock at the moment.
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Are Investors Undervaluing CNO Financial Group (CNO) Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 value investors might notice is CNO Financial Group (CNO - Free Report) . CNO is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.
We should also highlight that CNO has a P/B ratio of 1.52. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.01. Over the past year, CNO's P/B has been as high as 1.75 and as low as 1.31, with a median of 1.50.
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 preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CNO has a P/S ratio of 1.1. This compares to its industry's average P/S of 1.11.
If you're looking for another solid Insurance - Multi line value stock, take a look at Ping An Insurance Co. of China (PNGAY - Free Report) . PNGAY is a Zacks Rank of #1 (Strong Buy) stock with a Value score of A.
Additionally, Ping An Insurance Co. of China has a P/B ratio of 0.68 while its industry's price-to-book ratio sits at 3.01. For PNGAY, this valuation metric has been as high as 0.81, as low as 0.47, with a median of 0.61 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that CNO Financial Group and Ping An Insurance Co. of China are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CNO and PNGAY feels like a great value stock at the moment.