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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.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Axa (AXAHY - Free Report) . AXAHY 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 7.42, which compares to its industry's average of 9.28. Over the past year, AXAHY's Forward P/E has been as high as 10.76 and as low as 7.04, with a median of 8.11.
Investors should also recognize that AXAHY has a P/B ratio of 0.66. 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 1.36. Within the past 52 weeks, AXAHY's P/B has been as high as 0.97 and as low as 0.64, with a median of 0.77.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Axa is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AXAHY feels like a great value stock at the moment.
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Is Axa (AXAHY) 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.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Axa (AXAHY - Free Report) . AXAHY 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 7.42, which compares to its industry's average of 9.28. Over the past year, AXAHY's Forward P/E has been as high as 10.76 and as low as 7.04, with a median of 8.11.
Investors should also recognize that AXAHY has a P/B ratio of 0.66. 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 1.36. Within the past 52 weeks, AXAHY's P/B has been as high as 0.97 and as low as 0.64, with a median of 0.77.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Axa is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AXAHY feels like a great value stock at the moment.