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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 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 company to watch right now is Interface (TILE - Free Report) . TILE is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 11.85. This compares to its industry's average Forward P/E of 11.87. Over the past 52 weeks, TILE's Forward P/E has been as high as 20.42 and as low as 9.42, with a median of 12.91.
Investors should also note that TILE holds a PEG ratio of 0.79. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. TILE's industry has an average PEG of 0.90 right now. Within the past year, TILE's PEG has been as high as 1.02 and as low as 0.78, with a median of 0.88.
Value investors will likely look at more than just these metrics, but the above data helps show that Interface is likely undervalued currently. And when considering the strength of its earnings outlook, TILE sticks out at as one of the market's strongest value stocks.
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Is Interface (TILE) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 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 company to watch right now is Interface (TILE - Free Report) . TILE is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 11.85. This compares to its industry's average Forward P/E of 11.87. Over the past 52 weeks, TILE's Forward P/E has been as high as 20.42 and as low as 9.42, with a median of 12.91.
Investors should also note that TILE holds a PEG ratio of 0.79. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. TILE's industry has an average PEG of 0.90 right now. Within the past year, TILE's PEG has been as high as 1.02 and as low as 0.78, with a median of 0.88.
Value investors will likely look at more than just these metrics, but the above data helps show that Interface is likely undervalued currently. And when considering the strength of its earnings outlook, TILE sticks out at as one of the market's strongest value stocks.