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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 Fly Leasing . FLY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 5.62, while its industry has an average P/E of 15.45. Over the past 52 weeks, FLY's Forward P/E has been as high as 79.87 and as low as 5.26, with a median of 6.23.
FLY is also sporting a PEG ratio of 0.56. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. FLY's industry currently sports an average PEG of 1.44. Over the past 52 weeks, FLY's PEG has been as high as 7.99 and as low as 0.53, with a median of 0.62.
Another notable valuation metric for FLY is its P/B ratio of 0.72. 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 1.65. Within the past 52 weeks, FLY's P/B has been as high as 0.81 and as low as 0.61, with a median of 0.72.
Finally, investors will want to recognize that FLY has a P/CF ratio of 2.44. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. FLY's P/CF compares to its industry's average P/CF of 5.59. Over the past year, FLY's P/CF has been as high as 5.32 and as low as 2.16, with a median of 2.48.
Value investors will likely look at more than just these metrics, but the above data helps show that Fly Leasing is likely undervalued currently. And when considering the strength of its earnings outlook, FLY sticks out at as one of the market's strongest value stocks.
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Should Value Investors Buy Fly Leasing (FLY) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 Fly Leasing . FLY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 5.62, while its industry has an average P/E of 15.45. Over the past 52 weeks, FLY's Forward P/E has been as high as 79.87 and as low as 5.26, with a median of 6.23.
FLY is also sporting a PEG ratio of 0.56. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. FLY's industry currently sports an average PEG of 1.44. Over the past 52 weeks, FLY's PEG has been as high as 7.99 and as low as 0.53, with a median of 0.62.
Another notable valuation metric for FLY is its P/B ratio of 0.72. 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 1.65. Within the past 52 weeks, FLY's P/B has been as high as 0.81 and as low as 0.61, with a median of 0.72.
Finally, investors will want to recognize that FLY has a P/CF ratio of 2.44. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. FLY's P/CF compares to its industry's average P/CF of 5.59. Over the past year, FLY's P/CF has been as high as 5.32 and as low as 2.16, with a median of 2.48.
Value investors will likely look at more than just these metrics, but the above data helps show that Fly Leasing is likely undervalued currently. And when considering the strength of its earnings outlook, FLY sticks out at as one of the market's strongest value stocks.