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Is Tactile Systems Technology (TCMD) Stock Undervalued 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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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.
One company value investors might notice is Tactile Systems Technology (TCMD - Free Report) . TCMD is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 15.19 right now. For comparison, its industry sports an average P/E of 28.44. TCMD's Forward P/E has been as high as 26.13 and as low as 13.41, with a median of 18.81, all within the past year.
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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TCMD has a P/S ratio of 0.94. This compares to its industry's average P/S of 2.57.
Finally, our model also underscores that TCMD has a P/CF ratio of 10.16. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. TCMD's P/CF compares to its industry's average P/CF of 19.89. Over the past year, TCMD's P/CF has been as high as 21.40 and as low as 7.09, with a median of 14.00.
Teleflex (TFX - Free Report) may be another strong Medical - Instruments stock to add to your shortlist. TFX is a Zacks Rank of #1 (Strong Buy) stock with a Value grade of A.
Shares of Teleflex currently hold a Forward P/E ratio of 8.46, and its PEG ratio is 1.77. In comparison, its industry sports average P/E and PEG ratios of 28.44 and 2.04.
TFX's Forward P/E has been as high as 16.49 and as low as 8.02, with a median of 11.53. During the same time period, its PEG ratio has been as high as 2.16, as low as 1.27, with a median of 1.79.
Additionally, Teleflex has a P/B ratio of 1.21 while its industry's price-to-book ratio sits at 3.81. For TFX, this valuation metric has been as high as 2.56, as low as 1.14, with a median of 1.87 over the past year.
These are just a handful of the figures considered in Tactile Systems Technology and Teleflex'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 TCMD and TFX is an impressive value stock right now.
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Is Tactile Systems Technology (TCMD) Stock Undervalued 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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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.
One company value investors might notice is Tactile Systems Technology (TCMD - Free Report) . TCMD is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 15.19 right now. For comparison, its industry sports an average P/E of 28.44. TCMD's Forward P/E has been as high as 26.13 and as low as 13.41, with a median of 18.81, all within the past year.
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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TCMD has a P/S ratio of 0.94. This compares to its industry's average P/S of 2.57.
Finally, our model also underscores that TCMD has a P/CF ratio of 10.16. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. TCMD's P/CF compares to its industry's average P/CF of 19.89. Over the past year, TCMD's P/CF has been as high as 21.40 and as low as 7.09, with a median of 14.00.
Teleflex (TFX - Free Report) may be another strong Medical - Instruments stock to add to your shortlist. TFX is a Zacks Rank of #1 (Strong Buy) stock with a Value grade of A.
Shares of Teleflex currently hold a Forward P/E ratio of 8.46, and its PEG ratio is 1.77. In comparison, its industry sports average P/E and PEG ratios of 28.44 and 2.04.
TFX's Forward P/E has been as high as 16.49 and as low as 8.02, with a median of 11.53. During the same time period, its PEG ratio has been as high as 2.16, as low as 1.27, with a median of 1.79.
Additionally, Teleflex has a P/B ratio of 1.21 while its industry's price-to-book ratio sits at 3.81. For TFX, this valuation metric has been as high as 2.56, as low as 1.14, with a median of 1.87 over the past year.
These are just a handful of the figures considered in Tactile Systems Technology and Teleflex'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 TCMD and TFX is an impressive value stock right now.