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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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.
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 value investors might notice is WPP PLC (WPP - Free Report) . WPP is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 8.63, while its industry has an average P/E of 10.52. Over the past year, WPP's Forward P/E has been as high as 11.20 and as low as 7.52, with a median of 9.34.
Another valuation metric that we should highlight is WPP's P/B ratio of 1.08. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. WPP's current P/B looks attractive when compared to its industry's average P/B of 2.61. Over the past 12 months, WPP's P/B has been as high as 1.80 and as low as 0.95, with a median of 1.36.
These are just a handful of the figures considered in WPP PLC'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 WPP is an impressive value stock right now.
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Is WPP PLC (WPP) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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.
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 value investors might notice is WPP PLC (WPP - Free Report) . WPP is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 8.63, while its industry has an average P/E of 10.52. Over the past year, WPP's Forward P/E has been as high as 11.20 and as low as 7.52, with a median of 9.34.
Another valuation metric that we should highlight is WPP's P/B ratio of 1.08. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. WPP's current P/B looks attractive when compared to its industry's average P/B of 2.61. Over the past 12 months, WPP's P/B has been as high as 1.80 and as low as 0.95, with a median of 1.36.
These are just a handful of the figures considered in WPP PLC'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 WPP is an impressive value stock right now.