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Is Dish Network (DISH) Stock Undervalued Right Now?

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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 Dish Network . DISH is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 14.45. This compares to its industry's average Forward P/E of 18.24. DISH's Forward P/E has been as high as 25.68 and as low as 12.39, with a median of 19.58, all within the past year.

Another valuation metric that we should highlight is DISH's P/B ratio of 2.28. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. DISH's current P/B looks attractive when compared to its industry's average P/B of 2.85. DISH's P/B has been as high as 5.20 and as low as 1.85, with a median of 2.92, over the past year.

Finally, investors will want to recognize that DISH has a P/CF ratio of 5.77. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 6.47. Over the past 52 weeks, DISH's P/CF has been as high as 14.77 and as low as 4.80, with a median of 7.81.

Value investors will likely look at more than just these metrics, but the above data helps show that Dish Network is likely undervalued currently. And when considering the strength of its earnings outlook, DISH sticks out at as one of the market's strongest value stocks.