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Are Investors Undervaluing Lakeland Industries (LAKE) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Lakeland Industries (LAKE - Free Report) is a stock many investors are watching right now. LAKE is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 13.16 right now. For comparison, its industry sports an average P/E of 20.12. Over the last 12 months, LAKE's Forward P/E has been as high as 16.11 and as low as 9.02, with a median of 13.35.
We should also highlight that LAKE has a P/B ratio of 1.34. 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 solid versus its industry's average P/B of 3.60. Over the past 12 months, LAKE's P/B has been as high as 1.43 and as low as 0.83, with a median of 1.
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. LAKE has a P/S ratio of 1.23. This compares to its industry's average P/S of 1.8.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Lakeland Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, LAKE feels like a great value stock at the moment.
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Are Investors Undervaluing Lakeland Industries (LAKE) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Lakeland Industries (LAKE - Free Report) is a stock many investors are watching right now. LAKE is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 13.16 right now. For comparison, its industry sports an average P/E of 20.12. Over the last 12 months, LAKE's Forward P/E has been as high as 16.11 and as low as 9.02, with a median of 13.35.
We should also highlight that LAKE has a P/B ratio of 1.34. 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 solid versus its industry's average P/B of 3.60. Over the past 12 months, LAKE's P/B has been as high as 1.43 and as low as 0.83, with a median of 1.
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. LAKE has a P/S ratio of 1.23. This compares to its industry's average P/S of 1.8.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Lakeland Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, LAKE feels like a great value stock at the moment.