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Is Kelly Services (KELYA) Stock Undervalued Right Now?
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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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Kelly Services (KELYA - Free Report) . KELYA is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.21 right now. For comparison, its industry sports an average P/E of 13.97. KELYA's Forward P/E has been as high as 11.03 and as low as 8.07, with a median of 9.54, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KELYA has a P/S ratio of 0.19. This compares to its industry's average P/S of 0.39.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Kelly Services is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, KELYA feels like a great value stock at the moment.
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Is Kelly Services (KELYA) 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, 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.
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 Kelly Services (KELYA - Free Report) . KELYA is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.21 right now. For comparison, its industry sports an average P/E of 13.97. KELYA's Forward P/E has been as high as 11.03 and as low as 8.07, with a median of 9.54, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KELYA has a P/S ratio of 0.19. This compares to its industry's average P/S of 0.39.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Kelly Services is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, KELYA feels like a great value stock at the moment.