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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 to watch right now is Air Lease (AL - Free Report) . AL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 6 right now. For comparison, its industry sports an average P/E of 10.99. Over the last 12 months, AL's Forward P/E has been as high as 11.77 and as low as 4.82, with a median of 8.14.
AL is also sporting a PEG ratio of 0.71. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. AL's industry currently sports an average PEG of 1.07. AL's PEG has been as high as 1.65 and as low as 0.57, with a median of 0.94, all within the past year.
We should also highlight that AL has a P/B ratio of 0.84. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. AL's current P/B looks attractive when compared to its industry's average P/B of 1.27. Over the past 12 months, AL's P/B has been as high as 1.26 and as low as 0.67, with a median of 1.05.
Finally, investors will want to recognize that AL has a P/CF ratio of 2.81. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 4.10. Over the past 52 weeks, AL's P/CF has been as high as 4.36 and as low as 2.23, with a median of 3.58.
Value investors will likely look at more than just these metrics, but the above data helps show that Air Lease is likely undervalued currently. And when considering the strength of its earnings outlook, AL sticks out at as one of the market's strongest value stocks.
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Is Air Lease (AL) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 to watch right now is Air Lease (AL - Free Report) . AL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 6 right now. For comparison, its industry sports an average P/E of 10.99. Over the last 12 months, AL's Forward P/E has been as high as 11.77 and as low as 4.82, with a median of 8.14.
AL is also sporting a PEG ratio of 0.71. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. AL's industry currently sports an average PEG of 1.07. AL's PEG has been as high as 1.65 and as low as 0.57, with a median of 0.94, all within the past year.
We should also highlight that AL has a P/B ratio of 0.84. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. AL's current P/B looks attractive when compared to its industry's average P/B of 1.27. Over the past 12 months, AL's P/B has been as high as 1.26 and as low as 0.67, with a median of 1.05.
Finally, investors will want to recognize that AL has a P/CF ratio of 2.81. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 4.10. Over the past 52 weeks, AL's P/CF has been as high as 4.36 and as low as 2.23, with a median of 3.58.
Value investors will likely look at more than just these metrics, but the above data helps show that Air Lease is likely undervalued currently. And when considering the strength of its earnings outlook, AL sticks out at as one of the market's strongest value stocks.