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Is Insight Enterprises (NSIT) Stock Undervalued Right Now?
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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.
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.
One company to watch right now is Insight Enterprises (NSIT - Free Report) . NSIT is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 10.47. This compares to its industry's average Forward P/E of 13.30. Over the past 52 weeks, NSIT's Forward P/E has been as high as 12.16 and as low as 8.40, with a median of 10.67.
We should also highlight that NSIT has a P/B ratio of 1.83. 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. This stock's P/B looks solid versus its industry's average P/B of 2.21. NSIT's P/B has been as high as 2.12 and as low as 1.43, with a median of 1.85, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NSIT has a P/S ratio of 0.28. This compares to its industry's average P/S of 0.35.
Finally, investors should note that NSIT has a P/CF ratio of 9.67. 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. NSIT's current P/CF looks attractive when compared to its industry's average P/CF of 12.46. Within the past 12 months, NSIT's P/CF has been as high as 12.12 and as low as 7.11, with a median of 9.66.
These are just a handful of the figures considered in Insight Enterprises'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 NSIT is an impressive value stock right now.
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Is Insight Enterprises (NSIT) 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.
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.
One company to watch right now is Insight Enterprises (NSIT - Free Report) . NSIT is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 10.47. This compares to its industry's average Forward P/E of 13.30. Over the past 52 weeks, NSIT's Forward P/E has been as high as 12.16 and as low as 8.40, with a median of 10.67.
We should also highlight that NSIT has a P/B ratio of 1.83. 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. This stock's P/B looks solid versus its industry's average P/B of 2.21. NSIT's P/B has been as high as 2.12 and as low as 1.43, with a median of 1.85, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NSIT has a P/S ratio of 0.28. This compares to its industry's average P/S of 0.35.
Finally, investors should note that NSIT has a P/CF ratio of 9.67. 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. NSIT's current P/CF looks attractive when compared to its industry's average P/CF of 12.46. Within the past 12 months, NSIT's P/CF has been as high as 12.12 and as low as 7.11, with a median of 9.66.
These are just a handful of the figures considered in Insight Enterprises'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 NSIT is an impressive value stock right now.