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Is Sleep Number (SNBR) a Great Value Stock Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 stock to keep an eye on is Sleep Number (SNBR - Free Report) . SNBR is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 16.68 right now. For comparison, its industry sports an average P/E of 17.02. Over the last 12 months, SNBR's Forward P/E has been as high as 27.25 and as low as 7.35, with a median of 16.53.
Finally, our model also underscores that SNBR has a P/CF ratio of 9.10. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. SNBR's P/CF compares to its industry's average P/CF of 9.37. Over the past 52 weeks, SNBR's P/CF has been as high as 12.20 and as low as 2.85, with a median of 9.42.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Sleep Number is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SNBR feels like a great value stock at the moment.
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Is Sleep Number (SNBR) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 stock to keep an eye on is Sleep Number (SNBR - Free Report) . SNBR is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 16.68 right now. For comparison, its industry sports an average P/E of 17.02. Over the last 12 months, SNBR's Forward P/E has been as high as 27.25 and as low as 7.35, with a median of 16.53.
Finally, our model also underscores that SNBR has a P/CF ratio of 9.10. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. SNBR's P/CF compares to its industry's average P/CF of 9.37. Over the past 52 weeks, SNBR's P/CF has been as high as 12.20 and as low as 2.85, with a median of 9.42.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Sleep Number is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SNBR feels like a great value stock at the moment.