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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.
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.
OMV (OMVKY - Free Report) is a stock many investors are watching right now. OMVKY is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 7.99, which compares to its industry's average of 12.56. Over the past 52 weeks, OMVKY's Forward P/E has been as high as 8.69 and as low as 5.63, with a median of 7.59.
Investors should also note that OMVKY holds a PEG ratio of 1.41. 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. OMVKY's PEG compares to its industry's average PEG of 1.48. Over the past 52 weeks, OMVKY's PEG has been as high as 1.53 and as low as 0.75, with a median of 1.20.
Another valuation metric that we should highlight is OMVKY's P/B ratio of 0.67. 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 1.83. OMVKY's P/B has been as high as 0.73 and as low as 0.47, with a median of 0.65, over the past year.
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 preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. OMVKY has a P/S ratio of 0.55. This compares to its industry's average P/S of 0.69.
These figures are just a handful of the metrics value investors tend to look at, but they help show that OMV is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, OMVKY feels like a great value stock at the moment.
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Is OMV (OMVKY) 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.
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.
OMV (OMVKY - Free Report) is a stock many investors are watching right now. OMVKY is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 7.99, which compares to its industry's average of 12.56. Over the past 52 weeks, OMVKY's Forward P/E has been as high as 8.69 and as low as 5.63, with a median of 7.59.
Investors should also note that OMVKY holds a PEG ratio of 1.41. 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. OMVKY's PEG compares to its industry's average PEG of 1.48. Over the past 52 weeks, OMVKY's PEG has been as high as 1.53 and as low as 0.75, with a median of 1.20.
Another valuation metric that we should highlight is OMVKY's P/B ratio of 0.67. 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 1.83. OMVKY's P/B has been as high as 0.73 and as low as 0.47, with a median of 0.65, over the past year.
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 preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. OMVKY has a P/S ratio of 0.55. This compares to its industry's average P/S of 0.69.
These figures are just a handful of the metrics value investors tend to look at, but they help show that OMV is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, OMVKY feels like a great value stock at the moment.