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Is Vodafone Group (VOD) Stock Undervalued Right Now?
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 Vodafone Group (VOD - Free Report) . VOD is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.84, while its industry has an average P/E of 11.00. Over the past 52 weeks, VOD's Forward P/E has been as high as 12.50 and as low as 8.12, with a median of 9.80.
Investors should also note that VOD holds a PEG ratio of 0.49. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. VOD's PEG compares to its industry's average PEG of 0.52. Within the past year, VOD's PEG has been as high as 6.19 and as low as 0.43, with a median of 0.76.
Investors should also recognize that VOD has a P/B ratio of 0.46. The P/B ratio pits a stock's market value against 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 1.16. Over the past year, VOD's P/B has been as high as 0.48 and as low as 0.31, with a median of 0.38.
These are just a handful of the figures considered in Vodafone Group's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that VOD is an impressive value stock right now.
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Is Vodafone Group (VOD) Stock Undervalued Right Now?
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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 Vodafone Group (VOD - Free Report) . VOD is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.84, while its industry has an average P/E of 11.00. Over the past 52 weeks, VOD's Forward P/E has been as high as 12.50 and as low as 8.12, with a median of 9.80.
Investors should also note that VOD holds a PEG ratio of 0.49. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. VOD's PEG compares to its industry's average PEG of 0.52. Within the past year, VOD's PEG has been as high as 6.19 and as low as 0.43, with a median of 0.76.
Investors should also recognize that VOD has a P/B ratio of 0.46. The P/B ratio pits a stock's market value against 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 1.16. Over the past year, VOD's P/B has been as high as 0.48 and as low as 0.31, with a median of 0.38.
These are just a handful of the figures considered in Vodafone Group's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that VOD is an impressive value stock right now.