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Are Investors Undervaluing Kyocera (KYOCY) 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 to watch right now is Kyocera (KYOCY - Free Report) . KYOCY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 21.04, while its industry has an average P/E of 21.13. Over the last 12 months, KYOCY's Forward P/E has been as high as 88.37 and as low as 14.07, with a median of 19.36.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KYOCY has a P/S ratio of 1.49. This compares to its industry's average P/S of 1.59.
These are only a few of the key metrics included in Kyocera's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, KYOCY looks like an impressive value stock at the moment.
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Are Investors Undervaluing Kyocera (KYOCY) 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 to watch right now is Kyocera (KYOCY - Free Report) . KYOCY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 21.04, while its industry has an average P/E of 21.13. Over the last 12 months, KYOCY's Forward P/E has been as high as 88.37 and as low as 14.07, with a median of 19.36.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KYOCY has a P/S ratio of 1.49. This compares to its industry's average P/S of 1.59.
These are only a few of the key metrics included in Kyocera's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, KYOCY looks like an impressive value stock at the moment.