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Should Value Investors Buy Ping An Insurance Co. of China (PNGAY) Stock?
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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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 company value investors might notice is Ping An Insurance Co. of China (PNGAY - Free Report) . PNGAY is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 5.98. This compares to its industry's average Forward P/E of 8.49. Over the past 52 weeks, PNGAY's Forward P/E has been as high as 7.81 and as low as 4.40, with a median of 5.60.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. PNGAY has a P/S ratio of 0.8. This compares to its industry's average P/S of 1.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Ping An Insurance Co. of China is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, PNGAY feels like a great value stock at the moment.
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Should Value Investors Buy Ping An Insurance Co. of China (PNGAY) Stock?
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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 company value investors might notice is Ping An Insurance Co. of China (PNGAY - Free Report) . PNGAY is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 5.98. This compares to its industry's average Forward P/E of 8.49. Over the past 52 weeks, PNGAY's Forward P/E has been as high as 7.81 and as low as 4.40, with a median of 5.60.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. PNGAY has a P/S ratio of 0.8. This compares to its industry's average P/S of 1.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Ping An Insurance Co. of China is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, PNGAY feels like a great value stock at the moment.