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Is Greencore Group (GNCGY) Stock Undervalued 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.
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Greencore Group (GNCGY - Free Report) . GNCGY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 7.26, which compares to its industry's average of 17.26. Over the past year, GNCGY's Forward P/E has been as high as 9.89 and as low as 4.90, with a median of 7.65.
We should also highlight that GNCGY has a P/B ratio of 0.85. The P/B is a method of comparing a stock's market value to 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 2.35. GNCGY's P/B has been as high as 1.25 and as low as 0.64, with a median of 0.85, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Greencore Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GNCGY feels like a great value stock at the moment.
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Is Greencore Group (GNCGY) Stock Undervalued 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.
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Greencore Group (GNCGY - Free Report) . GNCGY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 7.26, which compares to its industry's average of 17.26. Over the past year, GNCGY's Forward P/E has been as high as 9.89 and as low as 4.90, with a median of 7.65.
We should also highlight that GNCGY has a P/B ratio of 0.85. The P/B is a method of comparing a stock's market value to 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 2.35. GNCGY's P/B has been as high as 1.25 and as low as 0.64, with a median of 0.85, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Greencore Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GNCGY feels like a great value stock at the moment.