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Is Perion Network (PERI) a Great Value Stock 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Perion Network (PERI - Free Report) is a stock many investors are watching right now. PERI is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 12.65, which compares to its industry's average of 26.89. Over the past 52 weeks, PERI's Forward P/E has been as high as 17.09 and as low as 5.71, with a median of 9.24.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. PERI has a P/S ratio of 0.82. This compares to its industry's average P/S of 1.31.
These are only a few of the key metrics included in Perion Network'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, PERI looks like an impressive value stock at the moment.
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Is Perion Network (PERI) 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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Perion Network (PERI - Free Report) is a stock many investors are watching right now. PERI is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 12.65, which compares to its industry's average of 26.89. Over the past 52 weeks, PERI's Forward P/E has been as high as 17.09 and as low as 5.71, with a median of 9.24.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. PERI has a P/S ratio of 0.82. This compares to its industry's average P/S of 1.31.
These are only a few of the key metrics included in Perion Network'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, PERI looks like an impressive value stock at the moment.