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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Stellantis (STLA - Free Report) . STLA is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 3.22 right now. For comparison, its industry sports an average P/E of 7.60. Over the past year, STLA's Forward P/E has been as high as 4.28 and as low as 2.64, with a median of 3.25.
We should also highlight that STLA has a P/B ratio of 0.65. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. STLA's current P/B looks attractive when compared to its industry's average P/B of 1.56. STLA's P/B has been as high as 0.77 and as low as 0.52, with a median of 0.65, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Stellantis is likely undervalued currently. And when considering the strength of its earnings outlook, STLA sticks out at as one of the market's strongest value stocks.
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Is Stellantis (STLA) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Stellantis (STLA - Free Report) . STLA is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 3.22 right now. For comparison, its industry sports an average P/E of 7.60. Over the past year, STLA's Forward P/E has been as high as 4.28 and as low as 2.64, with a median of 3.25.
We should also highlight that STLA has a P/B ratio of 0.65. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. STLA's current P/B looks attractive when compared to its industry's average P/B of 1.56. STLA's P/B has been as high as 0.77 and as low as 0.52, with a median of 0.65, over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Stellantis is likely undervalued currently. And when considering the strength of its earnings outlook, STLA sticks out at as one of the market's strongest value stocks.