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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Equitrans Midstream Corporation is a stock many investors are watching right now. ETRN is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.57 right now. For comparison, its industry sports an average P/E of 15.61. Over the last 12 months, ETRN's Forward P/E has been as high as 16.39 and as low as 7.48, with a median of 10.92.
ETRN is also sporting a PEG ratio of 1.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ETRN's industry currently sports an average PEG of 2.04. Over the past 52 weeks, ETRN's PEG has been as high as 2.34 and as low as 1.07, with a median of 1.59.
Investors should also recognize that ETRN has a P/B ratio of 0.59. The P/B ratio pits a stock's market value against 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 1.31. Over the past year, ETRN's P/B has been as high as 1.20 and as low as 0.51, with a median of 0.97.
These are only a few of the key metrics included in Equitrans Midstream Corporation's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ETRN looks like an impressive value stock at the moment.
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Should Value Investors Buy Equitrans Midstream Corporation (ETRN) Stock?
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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
Equitrans Midstream Corporation is a stock many investors are watching right now. ETRN is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.57 right now. For comparison, its industry sports an average P/E of 15.61. Over the last 12 months, ETRN's Forward P/E has been as high as 16.39 and as low as 7.48, with a median of 10.92.
ETRN is also sporting a PEG ratio of 1.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ETRN's industry currently sports an average PEG of 2.04. Over the past 52 weeks, ETRN's PEG has been as high as 2.34 and as low as 1.07, with a median of 1.59.
Investors should also recognize that ETRN has a P/B ratio of 0.59. The P/B ratio pits a stock's market value against 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 1.31. Over the past year, ETRN's P/B has been as high as 1.20 and as low as 0.51, with a median of 0.97.
These are only a few of the key metrics included in Equitrans Midstream Corporation's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ETRN looks like an impressive value stock at the moment.