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Should Value Investors Buy Flexsteel Industries (FLXS) Stock?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Flexsteel Industries (FLXS - Free Report) . FLXS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 12.63, which compares to its industry's average of 14.13. FLXS's Forward P/E has been as high as 23.87 and as low as 8.41, with a median of 10.38, all within the past year.
Investors should also recognize that FLXS has a P/B ratio of 1.33. Investors use the P/B ratio to look at a stock's market value versus 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 3.55. Within the past 52 weeks, FLXS's P/B has been as high as 1.46 and as low as 0.59, with a median of 0.74.
Finally, our model also underscores that FLXS has a P/CF ratio of 10.32. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 14.40. Over the past year, FLXS's P/CF has been as high as 11.50 and as low as 4.37, with a median of 6.05.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Flexsteel Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, FLXS feels like a great value stock at the moment.
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Should Value Investors Buy Flexsteel Industries (FLXS) Stock?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Flexsteel Industries (FLXS - Free Report) . FLXS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 12.63, which compares to its industry's average of 14.13. FLXS's Forward P/E has been as high as 23.87 and as low as 8.41, with a median of 10.38, all within the past year.
Investors should also recognize that FLXS has a P/B ratio of 1.33. Investors use the P/B ratio to look at a stock's market value versus 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 3.55. Within the past 52 weeks, FLXS's P/B has been as high as 1.46 and as low as 0.59, with a median of 0.74.
Finally, our model also underscores that FLXS has a P/CF ratio of 10.32. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 14.40. Over the past year, FLXS's P/CF has been as high as 11.50 and as low as 4.37, with a median of 6.05.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Flexsteel Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, FLXS feels like a great value stock at the moment.