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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 stock to keep an eye on is Globe Life (GL - Free Report) . GL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 8.29, while its industry has an average P/E of 16.87. Over the past 52 weeks, GL's Forward P/E has been as high as 11.53 and as low as 4.15, with a median of 8.24.
Another notable valuation metric for GL is its P/B ratio of 2.15. 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 solid versus its industry's average P/B of 3.19. Over the past year, GL's P/B has been as high as 2.69 and as low as 0.92, with a median of 2.02.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. GL has a P/S ratio of 1.61. This compares to its industry's average P/S of 2.01.
Finally, investors will want to recognize that GL has a P/CF ratio of 6.67. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 18.53. Within the past 12 months, GL's P/CF has been as high as 9.08 and as low as 3.39, with a median of 6.57.
These are just a handful of the figures considered in Globe Life'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 GL is an impressive value stock right now.
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Should Value Investors Buy Globe Life (GL) Stock?
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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 stock to keep an eye on is Globe Life (GL - Free Report) . GL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 8.29, while its industry has an average P/E of 16.87. Over the past 52 weeks, GL's Forward P/E has been as high as 11.53 and as low as 4.15, with a median of 8.24.
Another notable valuation metric for GL is its P/B ratio of 2.15. 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 solid versus its industry's average P/B of 3.19. Over the past year, GL's P/B has been as high as 2.69 and as low as 0.92, with a median of 2.02.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. GL has a P/S ratio of 1.61. This compares to its industry's average P/S of 2.01.
Finally, investors will want to recognize that GL has a P/CF ratio of 6.67. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 18.53. Within the past 12 months, GL's P/CF has been as high as 9.08 and as low as 3.39, with a median of 6.57.
These are just a handful of the figures considered in Globe Life'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 GL is an impressive value stock right now.