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Are Investors Undervaluing Apogee Enterprises (APOG) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Apogee Enterprises (APOG - Free Report) . APOG is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
Another valuation metric that we should highlight is APOG's P/B ratio of 1.89. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.17. APOG's P/B has been as high as 3.78 and as low as 1.68, with a median of 2.24, over the past year.
Finally, we should also recognize that APOG has a P/CF ratio of 7.97. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 9.03. Within the past 12 months, APOG's P/CF has been as high as 13.26 and as low as 6.12, with a median of 8.39.
Another great Glass Products stock you could consider is OI Glass (OI - Free Report) , which is a Zacks Rank of #1 (Strong Buy) stock with a Value Score of A.
Shares of OI Glass currently hold a Forward P/E ratio of 9.11, and its PEG ratio is 0.26. In comparison, its industry sports average P/E and PEG ratios of 9.48 and 0.27.
Over the past year, OI's P/E has been as high as 14.36, as low as 5.78, with a median of 8.01; its PEG ratio has been as high as 1.32, as low as 0.18, with a median of 0.25 during the same time period.
Furthermore, OI Glass holds a P/B ratio of 1.82 and its industry's price-to-book ratio is 2.17. OI's P/B has been as high as 1.96, as low as 1.04, with a median of 1.37 over the past 12 months.
Value investors will likely look at more than just these metrics, but the above data helps show that Apogee Enterprises and OI Glass are likely undervalued currently. And when considering the strength of its earnings outlook, APOG and OI sticks out as one of the market's strongest value stocks.
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Are Investors Undervaluing Apogee Enterprises (APOG) 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Apogee Enterprises (APOG - Free Report) . APOG is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
Another valuation metric that we should highlight is APOG's P/B ratio of 1.89. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.17. APOG's P/B has been as high as 3.78 and as low as 1.68, with a median of 2.24, over the past year.
Finally, we should also recognize that APOG has a P/CF ratio of 7.97. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 9.03. Within the past 12 months, APOG's P/CF has been as high as 13.26 and as low as 6.12, with a median of 8.39.
Another great Glass Products stock you could consider is OI Glass (OI - Free Report) , which is a Zacks Rank of #1 (Strong Buy) stock with a Value Score of A.
Shares of OI Glass currently hold a Forward P/E ratio of 9.11, and its PEG ratio is 0.26. In comparison, its industry sports average P/E and PEG ratios of 9.48 and 0.27.
Over the past year, OI's P/E has been as high as 14.36, as low as 5.78, with a median of 8.01; its PEG ratio has been as high as 1.32, as low as 0.18, with a median of 0.25 during the same time period.
Furthermore, OI Glass holds a P/B ratio of 1.82 and its industry's price-to-book ratio is 2.17. OI's P/B has been as high as 1.96, as low as 1.04, with a median of 1.37 over the past 12 months.
Value investors will likely look at more than just these metrics, but the above data helps show that Apogee Enterprises and OI Glass are likely undervalued currently. And when considering the strength of its earnings outlook, APOG and OI sticks out as one of the market's strongest value stocks.