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Are Investors Undervaluing Levi Strauss & Co. (LEVI) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 stock to keep an eye on is Levi Strauss & Co. (LEVI - Free Report) . LEVI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 16.63. This compares to its industry's average Forward P/E of 16.93. Over the past 52 weeks, LEVI's Forward P/E has been as high as 16.98 and as low as 9.48, with a median of 11.66.
We also note that LEVI holds a PEG ratio of 1.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. LEVI's industry has an average PEG of 1.39 right now. Over the past 52 weeks, LEVI's PEG has been as high as 3.19 and as low as 0.44, with a median of 0.55.
Another valuation metric that we should highlight is LEVI's P/B ratio of 4.56. The P/B ratio is used to compare a stock's market value with 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 4.93. Within the past 52 weeks, LEVI's P/B has been as high as 4.63 and as low as 2.62, with a median of 3.05.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Levi Strauss & Co. Is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, LEVI feels like a great value stock at the moment.
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Are Investors Undervaluing Levi Strauss & Co. (LEVI) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 stock to keep an eye on is Levi Strauss & Co. (LEVI - Free Report) . LEVI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 16.63. This compares to its industry's average Forward P/E of 16.93. Over the past 52 weeks, LEVI's Forward P/E has been as high as 16.98 and as low as 9.48, with a median of 11.66.
We also note that LEVI holds a PEG ratio of 1.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. LEVI's industry has an average PEG of 1.39 right now. Over the past 52 weeks, LEVI's PEG has been as high as 3.19 and as low as 0.44, with a median of 0.55.
Another valuation metric that we should highlight is LEVI's P/B ratio of 4.56. The P/B ratio is used to compare a stock's market value with 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 4.93. Within the past 52 weeks, LEVI's P/B has been as high as 4.63 and as low as 2.62, with a median of 3.05.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Levi Strauss & Co. Is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, LEVI feels like a great value stock at the moment.