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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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is 8x8 (EGHT - Free Report) . EGHT is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Investors will also notice that EGHT has 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 industry currently sports an average PEG of 1.02. Over the past 52 weeks, EGHT's PEG has been as high as 0.79 and as low as 0.35, with a median of 0.59.
Another notable valuation metric for EGHT is its P/B ratio of 2.22. 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 4.95. Over the past 12 months, 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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Should Value Investors Buy 8x8 (EGHT) Stock?
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is 8x8 (EGHT - Free Report) . EGHT is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Investors will also notice that EGHT has 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 industry currently sports an average PEG of 1.02. Over the past 52 weeks, EGHT's PEG has been as high as 0.79 and as low as 0.35, with a median of 0.59.
Another notable valuation metric for EGHT is its P/B ratio of 2.22. 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 4.95. Over the past 12 months, 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.