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Is Nomad Foods Limited (NOMD) a Great Value Stock Right Now?
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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.
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 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 company value investors might notice is Nomad Foods Limited (NOMD - Free Report) . NOMD is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 13.10. This compares to its industry's average Forward P/E of 18.97. Over the past year, NOMD's Forward P/E has been as high as 15.87 and as low as 12.14, with a median of 13.83.
Investors should also recognize that NOMD has a P/B ratio of 1.64. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.25. NOMD's P/B has been as high as 2.31 and as low as 1.50, with a median of 1.74, 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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NOMD has a P/S ratio of 1.46. This compares to its industry's average P/S of 1.52.
Finally, investors will want to recognize that NOMD has a P/CF ratio of 14.10. 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. This company's current P/CF looks solid when compared to its industry's average P/CF of 19.19. Over the past 52 weeks, NOMD's P/CF has been as high as 16.28 and as low as 12.92, with a median of 14.39.
Value investors will likely look at more than just these metrics, but the above data helps show that Nomad Foods Limited is likely undervalued currently. And when considering the strength of its earnings outlook, NOMD sticks out at as one of the market's strongest value stocks.
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Is Nomad Foods Limited (NOMD) a Great Value Stock 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.
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 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 company value investors might notice is Nomad Foods Limited (NOMD - Free Report) . NOMD is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 13.10. This compares to its industry's average Forward P/E of 18.97. Over the past year, NOMD's Forward P/E has been as high as 15.87 and as low as 12.14, with a median of 13.83.
Investors should also recognize that NOMD has a P/B ratio of 1.64. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.25. NOMD's P/B has been as high as 2.31 and as low as 1.50, with a median of 1.74, 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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NOMD has a P/S ratio of 1.46. This compares to its industry's average P/S of 1.52.
Finally, investors will want to recognize that NOMD has a P/CF ratio of 14.10. 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. This company's current P/CF looks solid when compared to its industry's average P/CF of 19.19. Over the past 52 weeks, NOMD's P/CF has been as high as 16.28 and as low as 12.92, with a median of 14.39.
Value investors will likely look at more than just these metrics, but the above data helps show that Nomad Foods Limited is likely undervalued currently. And when considering the strength of its earnings outlook, NOMD sticks out at as one of the market's strongest value stocks.