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Should Value Investors Buy Greencore Group (GNCGY) Stock?

Zacks Equity Research
·2 分鐘文章

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.

One company to watch right now is Greencore Group (GNCGY). GNCGY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 16.14. This compares to its industry's average Forward P/E of 16.28. GNCGY's Forward P/E has been as high as 16.15 and as low as 5.36, with a median of 7.47, all within the past year.

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Another notable valuation metric for GNCGY is its P/B ratio of 1.76. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. GNCGY's current P/B looks attractive when compared to its industry's average P/B of 2.16. Within the past 52 weeks, GNCGY's P/B has been as high as 1.76 and as low as 0.75, with a median of 1.01.

Value investors will likely look at more than just these metrics, but the above data helps show that Greencore Group is likely undervalued currently. And when considering the strength of its earnings outlook, GNCGY sticks out at as one of the market's strongest value stocks.

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Greencore Group (GNCGY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research