We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Investors Undervaluing These Basic Materials Stocks Right Now?
Read MoreHide Full Article
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Aperam (APEMY - Free Report) . APEMY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 3.89, which compares to its industry's average of 5.89. APEMY's Forward P/E has been as high as 11.92 and as low as 3.79, with a median of 6.78, all within the past year.
Another valuation metric that we should highlight is APEMY's P/B ratio of 1.04. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.86. Over the past 12 months, APEMY's P/B has been as high as 1.90 and as low as 1.04, with a median of 1.53.
Usinas Siderurgicas de Minas Gerais (USNZY - Free Report) may be another strong Steel - Producers stock to add to your shortlist. USNZY is a # 2 (Buy) stock with a Value grade of A.
Shares of Usinas Siderurgicas de Minas Gerais currently holds a Forward P/E ratio of 5.12, and its PEG ratio is 0.31. In comparison, its industry sports average P/E and PEG ratios of 5.89 and 0.35.
Over the last 12 months, USNZY's P/E has been as high as 12.63, as low as 2.20, with a median of 5.74, and its PEG ratio has been as high as 0.48, as low as 0.08, with a median of 0.23.
Furthermore, Usinas Siderurgicas de Minas Gerais holds a P/B ratio of 0.36 and its industry's price-to-book ratio is 1.86. USNZY's P/B has been as high as 0.71, as low as 0.27, with a median of 0.39 over the past 12 months.
These are just a handful of the figures considered in Aperam and Usinas Siderurgicas de Minas Gerais's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that APEMY and USNZY is an impressive value stock right now.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Investors Undervaluing These Basic Materials Stocks 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Aperam (APEMY - Free Report) . APEMY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 3.89, which compares to its industry's average of 5.89. APEMY's Forward P/E has been as high as 11.92 and as low as 3.79, with a median of 6.78, all within the past year.
Another valuation metric that we should highlight is APEMY's P/B ratio of 1.04. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.86. Over the past 12 months, APEMY's P/B has been as high as 1.90 and as low as 1.04, with a median of 1.53.
Usinas Siderurgicas de Minas Gerais (USNZY - Free Report) may be another strong Steel - Producers stock to add to your shortlist. USNZY is a # 2 (Buy) stock with a Value grade of A.
Shares of Usinas Siderurgicas de Minas Gerais currently holds a Forward P/E ratio of 5.12, and its PEG ratio is 0.31. In comparison, its industry sports average P/E and PEG ratios of 5.89 and 0.35.
Over the last 12 months, USNZY's P/E has been as high as 12.63, as low as 2.20, with a median of 5.74, and its PEG ratio has been as high as 0.48, as low as 0.08, with a median of 0.23.
Furthermore, Usinas Siderurgicas de Minas Gerais holds a P/B ratio of 0.36 and its industry's price-to-book ratio is 1.86. USNZY's P/B has been as high as 0.71, as low as 0.27, with a median of 0.39 over the past 12 months.
These are just a handful of the figures considered in Aperam and Usinas Siderurgicas de Minas Gerais's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that APEMY and USNZY is an impressive value stock right now.