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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 Oshkosh (OSK – Free Report) . OSK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.73 right now. For comparison, its industry sports an average P/E of 18.67. OSK’s Forward P/E has been as high as 12.12 and as low as 8.25, with a median of 9.35, all within the past year.
Investors should also recognize that OSK has a P/B ratio of 1.55. 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 company’s current P/B looks solid when compared to its industry’s average P/B of 3.05. Over the past year, OSK’s P/B has been as high as 2.20 and as low as 1.40, with a median of 1.73.
These are just a handful of the figures considered in Oshkosh’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 OSK is an impressive value stock right now.
Financial Market Newsflash
No financial news published today. Check back later.
