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Should Value Investors Buy Alps Electric (APELY) Stock?
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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.
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is Alps Electric (APELY - Free Report) . APELY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 18.14. This compares to its industry's average Forward P/E of 50.16. Over the last 12 months, APELY's Forward P/E has been as high as 23.19 and as low as 8.48, with a median of 10.76.
APELY is also sporting a PEG ratio of 0.46. 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. APELY's industry has an average PEG of 1.06 right now. Over the last 12 months, APELY's PEG has been as high as 5.16 and as low as 0.43, with a median of 1.22.
We should also highlight that APELY has a P/B ratio of 0.76. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.04. Over the past 12 months, APELY's P/B has been as high as 0.82 and as low as 0.54, with a median of 0.61.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Alps Electric is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, APELY feels like a great value stock at the moment.
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Should Value Investors Buy Alps Electric (APELY) 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.
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is Alps Electric (APELY - Free Report) . APELY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 18.14. This compares to its industry's average Forward P/E of 50.16. Over the last 12 months, APELY's Forward P/E has been as high as 23.19 and as low as 8.48, with a median of 10.76.
APELY is also sporting a PEG ratio of 0.46. 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. APELY's industry has an average PEG of 1.06 right now. Over the last 12 months, APELY's PEG has been as high as 5.16 and as low as 0.43, with a median of 1.22.
We should also highlight that APELY has a P/B ratio of 0.76. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.04. Over the past 12 months, APELY's P/B has been as high as 0.82 and as low as 0.54, with a median of 0.61.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Alps Electric is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, APELY feels like a great value stock at the moment.