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Are Investors Undervaluing Turtle Beach (HEAR) Right Now?
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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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Turtle Beach (HEAR - Free Report) is a stock many investors are watching right now. HEAR is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 7.65. This compares to its industry's average Forward P/E of 20.72. Over the past year, HEAR's Forward P/E has been as high as 23.09 and as low as 5.40, with a median of 9.90.
Investors should also note that HEAR holds a PEG ratio of 0.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. HEAR's PEG compares to its industry's average PEG of 1.83. HEAR's PEG has been as high as 1.78 and as low as 0.36, with a median of 0.65, all within the past year.
We should also highlight that HEAR has a P/B ratio of 2.64. 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 2.90. Over the past 12 months, HEAR's P/B has been as high as 24.71 and as low as -71.18, with a median of 3.85.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. HEAR has a P/S ratio of 0.44. This compares to its industry's average P/S of 1.24.
Finally, our model also underscores that HEAR has a P/CF ratio of 3.07. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. HEAR's current P/CF looks attractive when compared to its industry's average P/CF of 8.17. Over the past year, HEAR's P/CF has been as high as 26.30 and as low as 3.07, with a median of 7.76.
These are only a few of the key metrics included in Turtle Beach'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, HEAR looks like an impressive value stock at the moment.
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Are Investors Undervaluing Turtle Beach (HEAR) 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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Turtle Beach (HEAR - Free Report) is a stock many investors are watching right now. HEAR is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 7.65. This compares to its industry's average Forward P/E of 20.72. Over the past year, HEAR's Forward P/E has been as high as 23.09 and as low as 5.40, with a median of 9.90.
Investors should also note that HEAR holds a PEG ratio of 0.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. HEAR's PEG compares to its industry's average PEG of 1.83. HEAR's PEG has been as high as 1.78 and as low as 0.36, with a median of 0.65, all within the past year.
We should also highlight that HEAR has a P/B ratio of 2.64. 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 2.90. Over the past 12 months, HEAR's P/B has been as high as 24.71 and as low as -71.18, with a median of 3.85.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. HEAR has a P/S ratio of 0.44. This compares to its industry's average P/S of 1.24.
Finally, our model also underscores that HEAR has a P/CF ratio of 3.07. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. HEAR's current P/CF looks attractive when compared to its industry's average P/CF of 8.17. Over the past year, HEAR's P/CF has been as high as 26.30 and as low as 3.07, with a median of 7.76.
These are only a few of the key metrics included in Turtle Beach'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, HEAR looks like an impressive value stock at the moment.