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Are Investors Undervaluing Allstate (ALL) Right Now?
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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.
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.
Allstate (ALL - Free Report) is a stock many investors are watching right now. ALL is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 9.68, which compares to its industry's average of 28.15. Over the past 52 weeks, ALL's Forward P/E has been as high as 11.84 and as low as 9.27, with a median of 10.55.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ALL has a P/S ratio of 0.82. This compares to its industry's average P/S of 1.31.
If you're looking for another solid Insurance - Property and Casualty value stock, take a look at The Hanover Insurance Group (THG - Free Report) . THG is a Zacks Rank of #2 (Buy) stock with a Value score of A.
Additionally, The Hanover Insurance Group has a P/B ratio of 1.98 while its industry's price-to-book ratio sits at 1.57. For THG, this valuation metric has been as high as 2.21, as low as 1.74, with a median of 1.97 over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Allstate and The Hanover Insurance Group are likely undervalued currently. And when considering the strength of its earnings outlook, ALL and THG sticks out as one of the market's strongest value stocks.
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Are Investors Undervaluing Allstate (ALL) Right Now?
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.
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.
Allstate (ALL - Free Report) is a stock many investors are watching right now. ALL is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 9.68, which compares to its industry's average of 28.15. Over the past 52 weeks, ALL's Forward P/E has been as high as 11.84 and as low as 9.27, with a median of 10.55.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ALL has a P/S ratio of 0.82. This compares to its industry's average P/S of 1.31.
If you're looking for another solid Insurance - Property and Casualty value stock, take a look at The Hanover Insurance Group (THG - Free Report) . THG is a Zacks Rank of #2 (Buy) stock with a Value score of A.
Additionally, The Hanover Insurance Group has a P/B ratio of 1.98 while its industry's price-to-book ratio sits at 1.57. For THG, this valuation metric has been as high as 2.21, as low as 1.74, with a median of 1.97 over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Allstate and The Hanover Insurance Group are likely undervalued currently. And when considering the strength of its earnings outlook, ALL and THG sticks out as one of the market's strongest value stocks.