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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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Enersys (ENS - Free Report) . ENS is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 11.86, which compares to its industry's average of 24.34. Over the past 52 weeks, ENS's Forward P/E has been as high as 17.12 and as low as 9.92, with a median of 11.17.
Investors should also recognize that ENS has a P/B ratio of 2.48. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 4.10. Within the past 52 weeks, ENS's P/B has been as high as 2.64 and as low as 2.05, with a median of 2.29.
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. ENS has a P/S ratio of 1.23. This compares to its industry's average P/S of 3.15.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Enersys is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ENS feels like a great value stock at the moment.
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Is Enersys (ENS) 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Enersys (ENS - Free Report) . ENS is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 11.86, which compares to its industry's average of 24.34. Over the past 52 weeks, ENS's Forward P/E has been as high as 17.12 and as low as 9.92, with a median of 11.17.
Investors should also recognize that ENS has a P/B ratio of 2.48. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 4.10. Within the past 52 weeks, ENS's P/B has been as high as 2.64 and as low as 2.05, with a median of 2.29.
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. ENS has a P/S ratio of 1.23. This compares to its industry's average P/S of 3.15.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Enersys is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ENS feels like a great value stock at the moment.