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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.
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.
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.
One company value investors might notice is Pedevco (PED - Free Report) . PED is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 11.65, which compares to its industry's average of 16.81. PED's Forward P/E has been as high as 34.33 and as low as -86, with a median of 13.97, all within the past year.
Another valuation metric that we should highlight is PED's P/B ratio of 0.74. The P/B ratio pits a stock's market value against 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 1.95. Over the past year, PED's P/B has been as high as 0.94 and as low as 0.55, with a median of 0.76.
Finally, investors will want to recognize that PED has a P/CF ratio of 5.76. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 7.56. Over the past 52 weeks, PED's P/CF has been as high as 7.27 and as low as 3.76, with a median of 5.18.
These are just a handful of the figures considered in Pedevco'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 PED is an impressive value stock right now.
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Is Pedevco (PED) Stock Undervalued 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.
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.
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.
One company value investors might notice is Pedevco (PED - Free Report) . PED is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 11.65, which compares to its industry's average of 16.81. PED's Forward P/E has been as high as 34.33 and as low as -86, with a median of 13.97, all within the past year.
Another valuation metric that we should highlight is PED's P/B ratio of 0.74. The P/B ratio pits a stock's market value against 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 1.95. Over the past year, PED's P/B has been as high as 0.94 and as low as 0.55, with a median of 0.76.
Finally, investors will want to recognize that PED has a P/CF ratio of 5.76. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 7.56. Over the past 52 weeks, PED's P/CF has been as high as 7.27 and as low as 3.76, with a median of 5.18.
These are just a handful of the figures considered in Pedevco'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 PED is an impressive value stock right now.