The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
Athene Holding Ltd. (ATH - Free Report) is a stock many investors are watching right now. ATH is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 6.73, which compares to its industry's average of 9.22. Over the past year, ATH's Forward P/E has been as high as 10.52 and as low as 6.56, with a median of 8.63.
Investors should also recognize that ATH has a P/B ratio of 1.07. 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 attractive against its industry's average P/B of 1.69. Within the past 52 weeks, ATH's P/B has been as high as 1.25 and as low as 1, with a median of 1.11.
Finally, our model also underscores that ATH has a P/CF ratio of 5.58. 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. ATH's current P/CF looks attractive when compared to its industry's average P/CF of 14.70. Within the past 12 months, ATH's P/CF has been as high as 6.55 and as low as 5.37, with a median of 5.99.
These are just a handful of the figures considered in Athene Holding Ltd.'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 ATH is an impressive value stock right now.