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Is Baker Hughes (BKR) Stock Undervalued 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader 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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Baker Hughes (BKR - Free Report) . BKR is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors will also notice that BKR has a PEG ratio of 0.58. 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. BKR's industry has an average PEG of 0.82 right now. Within the past year, BKR's PEG has been as high as 0.67 and as low as 0.48, with a median of 0.55.
We should also highlight that BKR has a P/B ratio of 2.46. 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 stock's P/B looks attractive against its industry's average P/B of 2.47. Over the past 12 months, BKR's P/B has been as high as 2.46 and as low as 1.84, with a median of 2.18.
These are just a handful of the figures considered in Baker Hughes'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 BKR is an impressive value stock right now.
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Is Baker Hughes (BKR) Stock Undervalued 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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader 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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Baker Hughes (BKR - Free Report) . BKR is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors will also notice that BKR has a PEG ratio of 0.58. 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. BKR's industry has an average PEG of 0.82 right now. Within the past year, BKR's PEG has been as high as 0.67 and as low as 0.48, with a median of 0.55.
We should also highlight that BKR has a P/B ratio of 2.46. 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 stock's P/B looks attractive against its industry's average P/B of 2.47. Over the past 12 months, BKR's P/B has been as high as 2.46 and as low as 1.84, with a median of 2.18.
These are just a handful of the figures considered in Baker Hughes'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 BKR is an impressive value stock right now.