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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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 value investors might notice is Cemex (CX - Free Report) . CX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9.54, while its industry has an average P/E of 18.09. Over the past 52 weeks, CX's Forward P/E has been as high as 9.57 and as low as 4.92, with a median of 6.54.
We also note that CX holds a PEG ratio of 0.62. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CX's PEG compares to its industry's average PEG of 1.17. CX's PEG has been as high as 0.67 and as low as 0.40, with a median of 0.50, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Cemex is likely undervalued currently. And when considering the strength of its earnings outlook, CX sticks out at as one of the market's strongest value stocks.
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Are Investors Undervaluing Cemex (CX) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 value investors might notice is Cemex (CX - Free Report) . CX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9.54, while its industry has an average P/E of 18.09. Over the past 52 weeks, CX's Forward P/E has been as high as 9.57 and as low as 4.92, with a median of 6.54.
We also note that CX holds a PEG ratio of 0.62. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CX's PEG compares to its industry's average PEG of 1.17. CX's PEG has been as high as 0.67 and as low as 0.40, with a median of 0.50, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Cemex is likely undervalued currently. And when considering the strength of its earnings outlook, CX sticks out at as one of the market's strongest value stocks.