Yahoo Finance Are Investors Undervaluing Apogee Enterprises (APOG) Right Now?
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 value investors might notice is Apogee Enterprises (APOG). APOG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.78. This compares to its industry's average Forward P/E of 10.41. Over the last 12 months, APOG's Forward P/E has been as high as 13.71 and as low as 9.51, with a median of 11.20.
Finally, we should also recognize that APOG has a P/CF ratio of 5.94. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. APOG's current P/CF looks attractive when compared to its industry's average P/CF of 6.21. APOG's P/CF has been as high as 19.31 and as low as 5.82, with a median of 9.39, all within the past year.
If you're looking for another solid Glass Products value stock, take a look at OI Glass (OI). OI is a # 1 (Strong Buy) stock with a Value score of A.
Shares of OI Glass are currently trading at a forward earnings multiple of 6.74 and a PEG ratio of 0.48 compared to its industry's P/E and PEG ratios of 10.41 and 0.75, respectively.
OI's price-to-earnings ratio has been as high as 9.92 and as low as 5.68, with a median of 7.53, while its PEG ratio has been as high as 2.67 and as low as 0.48, with a median of 1.22, all within the past year.
Furthermore, OI Glass holds a P/B ratio of 1.74 and its industry's price-to-book ratio is 2.02. OI's P/B has been as high as 2.50, as low as 1.38, with a median of 1.79 over the past 12 months.
Value investors will likely look at more than just these metrics, but the above data helps show that Apogee Enterprises and OI Glass are likely undervalued currently. And when considering the strength of its earnings outlook, APOG and OI sticks out as one of the market's strongest value stocks.
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Apogee Enterprises, Inc. (APOG) : Free Stock Analysis Report
O-I Glass, Inc. (OI) : Free Stock Analysis Report
