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Is Qifu Technology, Inc. (QFIN) a Great Value Stock 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 Qifu Technology, Inc. (QFIN - Free Report) . QFIN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also note that QFIN holds a PEG ratio of 0.41. 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. QFIN's industry has an average PEG of 1.08 right now. Over the last 12 months, QFIN's PEG has been as high as 0.49 and as low as 0.31, with a median of 0.37.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. QFIN has a P/S ratio of 1.36. This compares to its industry's average P/S of 1.56.
These are just a handful of the figures considered in Qifu Technology, Inc.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that QFIN is an impressive value stock right now.
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Is Qifu Technology, Inc. (QFIN) a Great Value Stock 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 Qifu Technology, Inc. (QFIN - Free Report) . QFIN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also note that QFIN holds a PEG ratio of 0.41. 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. QFIN's industry has an average PEG of 1.08 right now. Over the last 12 months, QFIN's PEG has been as high as 0.49 and as low as 0.31, with a median of 0.37.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. QFIN has a P/S ratio of 1.36. This compares to its industry's average P/S of 1.56.
These are just a handful of the figures considered in Qifu Technology, Inc.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that QFIN is an impressive value stock right now.