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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.
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 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.
Nissan (NSANY - Free Report) is a stock many investors are watching right now. NSANY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 7.57 right now. For comparison, its industry sports an average P/E of 7.68. Over the past 52 weeks, NSANY's Forward P/E has been as high as 8.68 and as low as 6.03, with a median of 7.89.
We should also highlight that NSANY has a P/B ratio of 0.75. 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 1.01. Over the past 12 months, NSANY's P/B has been as high as 0.94 and as low as 0.71, with a median of 0.80.
Finally, we should also recognize that NSANY has a P/CF ratio of 2.57. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 3.82. Over the past year, NSANY's P/CF has been as high as 2.93 and as low as 2.44, with a median of 2.74.
These are just a handful of the figures considered in Nissan'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 NSANY is an impressive value stock right now.
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Is Nissan (NSANY) a Great Value Stock Right Now?
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.
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 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.
Nissan (NSANY - Free Report) is a stock many investors are watching right now. NSANY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 7.57 right now. For comparison, its industry sports an average P/E of 7.68. Over the past 52 weeks, NSANY's Forward P/E has been as high as 8.68 and as low as 6.03, with a median of 7.89.
We should also highlight that NSANY has a P/B ratio of 0.75. 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 1.01. Over the past 12 months, NSANY's P/B has been as high as 0.94 and as low as 0.71, with a median of 0.80.
Finally, we should also recognize that NSANY has a P/CF ratio of 2.57. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 3.82. Over the past year, NSANY's P/CF has been as high as 2.93 and as low as 2.44, with a median of 2.74.
These are just a handful of the figures considered in Nissan'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 NSANY is an impressive value stock right now.