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Is General Mills (GIS) a Great Value Stock Right Now?
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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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 stock to keep an eye on is General Mills (GIS - Free Report) . GIS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 14.56, which compares to its industry's average of 15.93. GIS's Forward P/E has been as high as 15.50 and as low as 11.53, with a median of 13.96, all within the past year.
Investors will also notice that GIS has a PEG ratio of 2.01. 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. GIS's PEG compares to its industry's average PEG of 2.11. Over the last 12 months, GIS's PEG has been as high as 2.14 and as low as 1.49, with a median of 1.80.
These are only a few of the key metrics included in General Mills'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, GIS looks like an impressive value stock at the moment.
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Is General Mills (GIS) a Great Value Stock Right Now?
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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 stock to keep an eye on is General Mills (GIS - Free Report) . GIS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 14.56, which compares to its industry's average of 15.93. GIS's Forward P/E has been as high as 15.50 and as low as 11.53, with a median of 13.96, all within the past year.
Investors will also notice that GIS has a PEG ratio of 2.01. 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. GIS's PEG compares to its industry's average PEG of 2.11. Over the last 12 months, GIS's PEG has been as high as 2.14 and as low as 1.49, with a median of 1.80.
These are only a few of the key metrics included in General Mills'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, GIS looks like an impressive value stock at the moment.