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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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 OMV (OMVKY - Free Report) . OMVKY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.37 right now. For comparison, its industry sports an average P/E of 12.47. Over the past 52 weeks, OMVKY's Forward P/E has been as high as 8.58 and as low as 5.58, with a median of 6.31.
Investors should also note that OMVKY holds a PEG ratio of 1.22. 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. OMVKY's PEG compares to its industry's average PEG of 1.32. Over the past 52 weeks, OMVKY's PEG has been as high as 1.25 and as low as 0.75, with a median of 1.14.
Another valuation metric that we should highlight is OMVKY's P/B ratio of 0.68. 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. OMVKY's current P/B looks attractive when compared to its industry's average P/B of 1.54. Over the past 12 months, OMVKY's P/B has been as high as 0.68 and as low as 0.47, with a median of 0.60.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by 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. OMVKY has a P/S ratio of 0.51. This compares to its industry's average P/S of 0.58.
Value investors will likely look at more than just these metrics, but the above data helps show that OMV is likely undervalued currently. And when considering the strength of its earnings outlook, OMVKY sticks out as one of the market's strongest value stocks.
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Are Investors Undervaluing OMV (OMVKY) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 OMV (OMVKY - Free Report) . OMVKY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.37 right now. For comparison, its industry sports an average P/E of 12.47. Over the past 52 weeks, OMVKY's Forward P/E has been as high as 8.58 and as low as 5.58, with a median of 6.31.
Investors should also note that OMVKY holds a PEG ratio of 1.22. 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. OMVKY's PEG compares to its industry's average PEG of 1.32. Over the past 52 weeks, OMVKY's PEG has been as high as 1.25 and as low as 0.75, with a median of 1.14.
Another valuation metric that we should highlight is OMVKY's P/B ratio of 0.68. 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. OMVKY's current P/B looks attractive when compared to its industry's average P/B of 1.54. Over the past 12 months, OMVKY's P/B has been as high as 0.68 and as low as 0.47, with a median of 0.60.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by 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. OMVKY has a P/S ratio of 0.51. This compares to its industry's average P/S of 0.58.
Value investors will likely look at more than just these metrics, but the above data helps show that OMV is likely undervalued currently. And when considering the strength of its earnings outlook, OMVKY sticks out as one of the market's strongest value stocks.