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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 stock to keep an eye on is Zagg . ZAGG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 6.97 right now. For comparison, its industry sports an average P/E of 14.81. ZAGG's Forward P/E has been as high as 13.16 and as low as 5.40, with a median of 9.81, all within the past year.
We also note that ZAGG holds a PEG ratio of 0.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ZAGG's industry currently sports an average PEG of 1.18. ZAGG's PEG has been as high as 2.92 and as low as 0.72, with a median of 1.87, all within the past year.
Another notable valuation metric for ZAGG is its P/B ratio of 1.99. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.46. Over the past year, ZAGG's P/B has been as high as 3.92 and as low as 1.55, with a median of 3.01.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ZAGG has a P/S ratio of 0.53. This compares to its industry's average P/S of 1.35.
Finally, we should also recognize that ZAGG has a P/CF ratio of 6.17. 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 stock's P/CF looks attractive against its industry's average P/CF of 10.17. Over the past 52 weeks, ZAGG's P/CF has been as high as 13.37 and as low as 4.74, with a median of 8.81.
These are only a few of the key metrics included in Zagg's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ZAGG looks like an impressive value stock at the moment.
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Should Value Investors Buy Zagg (ZAGG) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 stock to keep an eye on is Zagg . ZAGG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 6.97 right now. For comparison, its industry sports an average P/E of 14.81. ZAGG's Forward P/E has been as high as 13.16 and as low as 5.40, with a median of 9.81, all within the past year.
We also note that ZAGG holds a PEG ratio of 0.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ZAGG's industry currently sports an average PEG of 1.18. ZAGG's PEG has been as high as 2.92 and as low as 0.72, with a median of 1.87, all within the past year.
Another notable valuation metric for ZAGG is its P/B ratio of 1.99. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.46. Over the past year, ZAGG's P/B has been as high as 3.92 and as low as 1.55, with a median of 3.01.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ZAGG has a P/S ratio of 0.53. This compares to its industry's average P/S of 1.35.
Finally, we should also recognize that ZAGG has a P/CF ratio of 6.17. 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 stock's P/CF looks attractive against its industry's average P/CF of 10.17. Over the past 52 weeks, ZAGG's P/CF has been as high as 13.37 and as low as 4.74, with a median of 8.81.
These are only a few of the key metrics included in Zagg's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ZAGG looks like an impressive value stock at the moment.