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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.
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 AkzoNobel (AKZOY - Free Report) . AKZOY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 13.28. This compares to its industry's average Forward P/E of 13.79. AKZOY's Forward P/E has been as high as 16.53 and as low as 11.89, with a median of 13.40, all within the past year.
Investors will also notice that AKZOY has a PEG ratio of 0.67. 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. AKZOY's industry has an average PEG of 0.99 right now. AKZOY's PEG has been as high as 0.80 and as low as 0.59, with a median of 0.66, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that AkzoNobel is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AKZOY feels like a great value stock at the moment.
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Is AkzoNobel (AKZOY) 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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 AkzoNobel (AKZOY - Free Report) . AKZOY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 13.28. This compares to its industry's average Forward P/E of 13.79. AKZOY's Forward P/E has been as high as 16.53 and as low as 11.89, with a median of 13.40, all within the past year.
Investors will also notice that AKZOY has a PEG ratio of 0.67. 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. AKZOY's industry has an average PEG of 0.99 right now. AKZOY's PEG has been as high as 0.80 and as low as 0.59, with a median of 0.66, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that AkzoNobel is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AKZOY feels like a great value stock at the moment.