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Are Investors Undervaluing Spirit (SAVE) Right Now?
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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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is Spirit (SAVE - Free Report) . SAVE is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
We also note that SAVE holds a PEG ratio of 0.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SAVE's industry currently sports an average PEG of 0.89. Within the past year, SAVE's PEG has been as high as 4.90 and as low as 0.43, with a median of 0.53.
Another notable valuation metric for SAVE is its P/B ratio of 1.96. 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. SAVE's current P/B looks attractive when compared to its industry's average P/B of 2.21. SAVE's P/B has been as high as 2.01 and as low as 1.39, with a median of 1.65, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Spirit is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SAVE feels like a great value stock at the moment.
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Are Investors Undervaluing Spirit (SAVE) 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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is Spirit (SAVE - Free Report) . SAVE is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
We also note that SAVE holds a PEG ratio of 0.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SAVE's industry currently sports an average PEG of 0.89. Within the past year, SAVE's PEG has been as high as 4.90 and as low as 0.43, with a median of 0.53.
Another notable valuation metric for SAVE is its P/B ratio of 1.96. 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. SAVE's current P/B looks attractive when compared to its industry's average P/B of 2.21. SAVE's P/B has been as high as 2.01 and as low as 1.39, with a median of 1.65, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Spirit is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SAVE feels like a great value stock at the moment.