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Are Investors Undervaluing Custom Truck One Source (CTOS) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One stock to keep an eye on is Custom Truck One Source (CTOS - Free Report) . CTOS is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
We also note that CTOS holds a PEG ratio of 0.76. 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. CTOS's PEG compares to its industry's average PEG of 1.59. Over the last 12 months, CTOS's PEG has been as high as 1.42 and as low as 0.65, with a median of 0.97.
We should also highlight that CTOS has a P/B ratio of 1.29. 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 stock's P/B looks attractive against its industry's average P/B of 1.92. Over the past year, CTOS's P/B has been as high as 1.91 and as low as 0.87, with a median of 1.33.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. CTOS has a P/S ratio of 0.62. This compares to its industry's average P/S of 0.63.
These are only a few of the key metrics included in Custom Truck One Source'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, CTOS looks like an impressive value stock at the moment.
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Are Investors Undervaluing Custom Truck One Source (CTOS) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One stock to keep an eye on is Custom Truck One Source (CTOS - Free Report) . CTOS is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
We also note that CTOS holds a PEG ratio of 0.76. 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. CTOS's PEG compares to its industry's average PEG of 1.59. Over the last 12 months, CTOS's PEG has been as high as 1.42 and as low as 0.65, with a median of 0.97.
We should also highlight that CTOS has a P/B ratio of 1.29. 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 stock's P/B looks attractive against its industry's average P/B of 1.92. Over the past year, CTOS's P/B has been as high as 1.91 and as low as 0.87, with a median of 1.33.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. CTOS has a P/S ratio of 0.62. This compares to its industry's average P/S of 0.63.
These are only a few of the key metrics included in Custom Truck One Source'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, CTOS looks like an impressive value stock at the moment.