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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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 value investors might notice is Tesco (TSCDY - Free Report) . TSCDY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 13.38. This compares to its industry's average Forward P/E of 26.21. TSCDY's Forward P/E has been as high as 13.85 and as low as 10.58, with a median of 11.98, all within the past year.
Investors should also note that TSCDY holds a PEG ratio of 1.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TSCDY's industry currently sports an average PEG of 3.25. Over the last 12 months, TSCDY's PEG has been as high as 2.60 and as low as 0.42, with a median of 0.54.
These are only a few of the key metrics included in Tesco's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TSCDY looks like an impressive value stock at the moment.
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Should Value Investors Buy Tesco (TSCDY) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 value investors might notice is Tesco (TSCDY - Free Report) . TSCDY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 13.38. This compares to its industry's average Forward P/E of 26.21. TSCDY's Forward P/E has been as high as 13.85 and as low as 10.58, with a median of 11.98, all within the past year.
Investors should also note that TSCDY holds a PEG ratio of 1.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TSCDY's industry currently sports an average PEG of 3.25. Over the last 12 months, TSCDY's PEG has been as high as 2.60 and as low as 0.42, with a median of 0.54.
These are only a few of the key metrics included in Tesco's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TSCDY looks like an impressive value stock at the moment.