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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Eventbrite (EB - Free Report) . EB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for EB is its P/B ratio of 1.92. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.48. Over the past 12 months, EB's P/B has been as high as 4.90 and as low as 1.42, with a median of 2.77.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. EB has a P/S ratio of 1.04. This compares to its industry's average P/S of 1.48.
These are only a few of the key metrics included in Eventbrite'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, EB looks like an impressive value stock at the moment.
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Is Eventbrite (EB) Stock Undervalued Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Eventbrite (EB - Free Report) . EB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for EB is its P/B ratio of 1.92. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.48. Over the past 12 months, EB's P/B has been as high as 4.90 and as low as 1.42, with a median of 2.77.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. EB has a P/S ratio of 1.04. This compares to its industry's average P/S of 1.48.
These are only a few of the key metrics included in Eventbrite'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, EB looks like an impressive value stock at the moment.