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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is WM MORRISON SUP . MRWSY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 16.25. This compares to its industry's average Forward P/E of 17.49. MRWSY's Forward P/E has been as high as 19.11 and as low as 14.45, with a median of 17.71, all within the past year.
Another valuation metric that we should highlight is MRWSY's P/B ratio of 1.12. 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 stock's P/B looks solid versus its industry's average P/B of 2.97. Within the past 52 weeks, MRWSY's P/B has been as high as 1.37 and as low as 1, with a median of 1.25.
These figures are just a handful of the metrics value investors tend to look at, but they help show that WM MORRISON SUP is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MRWSY feels like a great value stock at the moment.
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Is WM MORRISON SUP (MRWSY) Stock Undervalued 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is WM MORRISON SUP . MRWSY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 16.25. This compares to its industry's average Forward P/E of 17.49. MRWSY's Forward P/E has been as high as 19.11 and as low as 14.45, with a median of 17.71, all within the past year.
Another valuation metric that we should highlight is MRWSY's P/B ratio of 1.12. 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 stock's P/B looks solid versus its industry's average P/B of 2.97. Within the past 52 weeks, MRWSY's P/B has been as high as 1.37 and as low as 1, with a median of 1.25.
These figures are just a handful of the metrics value investors tend to look at, but they help show that WM MORRISON SUP is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MRWSY feels like a great value stock at the moment.