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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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 8x8 (EGHT - Free Report) . EGHT is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
We also note that EGHT holds a PEG ratio of 0.71. 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. EGHT's PEG compares to its industry's average PEG of 0.98. Within the past year, EGHT's PEG has been as high as 0.79 and as low as 0.35, with a median of 0.59.
We should also highlight that EGHT has a P/B ratio of 2.22. The P/B ratio is used to compare a stock's market value with 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 4.62. Within the past 52 weeks, EGHT's P/B has been as high as 4.01 and as low as 1.70, with a median of 2.31.
These figures are just a handful of the metrics value investors tend to look at, but they help show that 8x8 is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, EGHT feels like a great value stock at the moment.
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Are Investors Undervaluing 8x8 (EGHT) 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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 8x8 (EGHT - Free Report) . EGHT is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
We also note that EGHT holds a PEG ratio of 0.71. 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. EGHT's PEG compares to its industry's average PEG of 0.98. Within the past year, EGHT's PEG has been as high as 0.79 and as low as 0.35, with a median of 0.59.
We should also highlight that EGHT has a P/B ratio of 2.22. The P/B ratio is used to compare a stock's market value with 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 4.62. Within the past 52 weeks, EGHT's P/B has been as high as 4.01 and as low as 1.70, with a median of 2.31.
These figures are just a handful of the metrics value investors tend to look at, but they help show that 8x8 is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, EGHT feels like a great value stock at the moment.