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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is GasLog . GLOG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 5.81, while its industry has an average P/E of 6.56. Over the past 52 weeks, GLOG's Forward P/E has been as high as 19.46 and as low as 3.81, with a median of 6.77.
We should also highlight that GLOG has a P/B ratio of 0.27. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 0.44. Over the past year, GLOG's P/B has been as high as 0.36 and as low as 0.13, with a median of 0.19.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. GLOG has a P/S ratio of 0.65. This compares to its industry's average P/S of 0.98.
Value investors will likely look at more than just these metrics, but the above data helps show that GasLog is likely undervalued currently. And when considering the strength of its earnings outlook, GLOG sticks out at as one of the market's strongest value stocks.
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Is GasLog (GLOG) 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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is GasLog . GLOG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 5.81, while its industry has an average P/E of 6.56. Over the past 52 weeks, GLOG's Forward P/E has been as high as 19.46 and as low as 3.81, with a median of 6.77.
We should also highlight that GLOG has a P/B ratio of 0.27. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 0.44. Over the past year, GLOG's P/B has been as high as 0.36 and as low as 0.13, with a median of 0.19.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. GLOG has a P/S ratio of 0.65. This compares to its industry's average P/S of 0.98.
Value investors will likely look at more than just these metrics, but the above data helps show that GasLog is likely undervalued currently. And when considering the strength of its earnings outlook, GLOG sticks out at as one of the market's strongest value stocks.