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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 to watch right now is Olin (OLN - Free Report) . OLN is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 7.47, while its industry has an average P/E of 12.77. OLN's Forward P/E has been as high as 1,647.71 and as low as -5,005.03, with a median of 9.38, all within the past year.
Finally, we should also recognize that OLN has a P/CF ratio of 6.99. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. OLN's current P/CF looks attractive when compared to its industry's average P/CF of 10.98. OLN's P/CF has been as high as 21.07 and as low as 4.51, with a median of 12.04, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Olin is likely undervalued currently. And when considering the strength of its earnings outlook, OLN sticks out at as one of the market's strongest value stocks.
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Is Olin (OLN) Stock Undervalued Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 to watch right now is Olin (OLN - Free Report) . OLN is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 7.47, while its industry has an average P/E of 12.77. OLN's Forward P/E has been as high as 1,647.71 and as low as -5,005.03, with a median of 9.38, all within the past year.
Finally, we should also recognize that OLN has a P/CF ratio of 6.99. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. OLN's current P/CF looks attractive when compared to its industry's average P/CF of 10.98. OLN's P/CF has been as high as 21.07 and as low as 4.51, with a median of 12.04, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Olin is likely undervalued currently. And when considering the strength of its earnings outlook, OLN sticks out at as one of the market's strongest value stocks.