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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.
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.
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 Oshkosh (OSK - Free Report) . OSK is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.86, which compares to its industry's average of 11.29. OSK's Forward P/E has been as high as 21.86 and as low as 10.55, with a median of 14.21, all within the past year.
Investors will also notice that OSK has a PEG ratio of 0.60. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OSK's industry has an average PEG of 1.06 right now. OSK's PEG has been as high as 1.61 and as low as 0.58, with a median of 0.82, all within the past year.
We should also highlight that OSK has a P/B ratio of 2.12. 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. OSK's current P/B looks attractive when compared to its industry's average P/B of 2.79. OSK's P/B has been as high as 3.13 and as low as 2.05, with a median of 2.57, over the past year.
These are just a handful of the figures considered in Oshkosh's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that OSK is an impressive value stock right now.
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Is Oshkosh (OSK) a Great Value Stock 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.
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.
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 Oshkosh (OSK - Free Report) . OSK is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.86, which compares to its industry's average of 11.29. OSK's Forward P/E has been as high as 21.86 and as low as 10.55, with a median of 14.21, all within the past year.
Investors will also notice that OSK has a PEG ratio of 0.60. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OSK's industry has an average PEG of 1.06 right now. OSK's PEG has been as high as 1.61 and as low as 0.58, with a median of 0.82, all within the past year.
We should also highlight that OSK has a P/B ratio of 2.12. 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. OSK's current P/B looks attractive when compared to its industry's average P/B of 2.79. OSK's P/B has been as high as 3.13 and as low as 2.05, with a median of 2.57, over the past year.
These are just a handful of the figures considered in Oshkosh's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that OSK is an impressive value stock right now.