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Are Investors Undervaluing Boyd Gaming (BYD) 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Boyd Gaming (BYD - Free Report) . BYD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also recognize that BYD has a P/B ratio of 4.19. 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 5.79. Over the past year, BYD's P/B has been as high as 5.20 and as low as 3.31, with a median of 4.24.
Finally, investors will want to recognize that BYD has a P/CF ratio of 7.40. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. BYD's P/CF compares to its industry's average P/CF of 12.48. Within the past 12 months, BYD's P/CF has been as high as 10.93 and as low as 6.04, with a median of 8.48.
Another great Gaming stock you could consider is Playtika (PLTK - Free Report) , which is a # 2 (Buy) stock with a Value Score of A.
Shares of Playtika currently holds a Forward P/E ratio of 11.01, and its PEG ratio is 1.11. In comparison, its industry sports average P/E and PEG ratios of 312.47 and 11.48.
Over the last 12 months, PLTK's P/E has been as high as 26.47, as low as 10.78, with a median of 15.97, and its PEG ratio has been as high as 1.79, as low as 1.09, with a median of 1.56.
Additionally, Playtika has a P/B ratio of -21.65 while its industry's price-to-book ratio sits at 5.79. For PLTK, this valuation metric has been as high as -13.26, as low as -34.18, with a median of -22.34 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Boyd Gaming and Playtika are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BYD and PLTK feels like a great value stock at the moment.
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Are Investors Undervaluing Boyd Gaming (BYD) 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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Boyd Gaming (BYD - Free Report) . BYD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also recognize that BYD has a P/B ratio of 4.19. 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 5.79. Over the past year, BYD's P/B has been as high as 5.20 and as low as 3.31, with a median of 4.24.
Finally, investors will want to recognize that BYD has a P/CF ratio of 7.40. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. BYD's P/CF compares to its industry's average P/CF of 12.48. Within the past 12 months, BYD's P/CF has been as high as 10.93 and as low as 6.04, with a median of 8.48.
Another great Gaming stock you could consider is Playtika (PLTK - Free Report) , which is a # 2 (Buy) stock with a Value Score of A.
Shares of Playtika currently holds a Forward P/E ratio of 11.01, and its PEG ratio is 1.11. In comparison, its industry sports average P/E and PEG ratios of 312.47 and 11.48.
Over the last 12 months, PLTK's P/E has been as high as 26.47, as low as 10.78, with a median of 15.97, and its PEG ratio has been as high as 1.79, as low as 1.09, with a median of 1.56.
Additionally, Playtika has a P/B ratio of -21.65 while its industry's price-to-book ratio sits at 5.79. For PLTK, this valuation metric has been as high as -13.26, as low as -34.18, with a median of -22.34 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Boyd Gaming and Playtika are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BYD and PLTK feels like a great value stock at the moment.