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Are Investors Undervaluing Great Lakes Dredge & Dock (GLDD) 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 Great Lakes Dredge & Dock (GLDD - Free Report) . GLDD 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 11.15. This compares to its industry's average Forward P/E of 18.35. GLDD's Forward P/E has been as high as 17.20 and as low as -394.46, with a median of 12.94, all within the past year.
Investors will also notice that GLDD has a PEG ratio of 0.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GLDD's PEG compares to its industry's average PEG of 0.67. Within the past year, GLDD's PEG has been as high as 1.57 and as low as -39.45, with a median of 1.23.
Investors should also recognize that GLDD has a P/B ratio of 1.49. 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. This company's current P/B looks solid when compared to its industry's average P/B of 3.45. Within the past 52 weeks, GLDD's P/B has been as high as 1.65 and as low as 1.08, with a median of 1.41.
Finally, investors should note that GLDD has a P/CF ratio of 6.51. 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. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.47. Within the past 12 months, GLDD's P/CF has been as high as 149.10 and as low as 5.44, with a median of 8.99.
Value investors will likely look at more than just these metrics, but the above data helps show that Great Lakes Dredge & Dock is likely undervalued currently. And when considering the strength of its earnings outlook, GLDD sticks out at as one of the market's strongest value stocks.
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Are Investors Undervaluing Great Lakes Dredge & Dock (GLDD) 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 Great Lakes Dredge & Dock (GLDD - Free Report) . GLDD 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 11.15. This compares to its industry's average Forward P/E of 18.35. GLDD's Forward P/E has been as high as 17.20 and as low as -394.46, with a median of 12.94, all within the past year.
Investors will also notice that GLDD has a PEG ratio of 0.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GLDD's PEG compares to its industry's average PEG of 0.67. Within the past year, GLDD's PEG has been as high as 1.57 and as low as -39.45, with a median of 1.23.
Investors should also recognize that GLDD has a P/B ratio of 1.49. 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. This company's current P/B looks solid when compared to its industry's average P/B of 3.45. Within the past 52 weeks, GLDD's P/B has been as high as 1.65 and as low as 1.08, with a median of 1.41.
Finally, investors should note that GLDD has a P/CF ratio of 6.51. 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. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.47. Within the past 12 months, GLDD's P/CF has been as high as 149.10 and as low as 5.44, with a median of 8.99.
Value investors will likely look at more than just these metrics, but the above data helps show that Great Lakes Dredge & Dock is likely undervalued currently. And when considering the strength of its earnings outlook, GLDD sticks out at as one of the market's strongest value stocks.