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Is Kyocera (KYOCY) Stock Undervalued Right Now?

Zacks Equity Research
·2-min read

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.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader 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.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Kyocera (KYOCY). KYOCY 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 16.62. This compares to its industry's average Forward P/E of 18.02. Over the past 52 weeks, KYOCY's Forward P/E has been as high as 23.01 and as low as 14.36, with a median of 16.54.

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Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KYOCY has a P/S ratio of 1.2. This compares to its industry's average P/S of 1.24.

If you're looking for another solid Electronics - Miscellaneous Components value stock, take a look at TTM Technologies (TTMI). TTMI is a # 1 (Strong Buy) stock with a Value score of A.

Furthermore, TTM Technologies holds a P/B ratio of 0.99 and its industry's price-to-book ratio is 3.41. TTMI's P/B has been as high as 1.20, as low as 0.81, with a median of 0.99 over the past 12 months.

These are only a few of the key metrics included in Kyocera and TTM Technologies strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, KYOCY and TTMI look like an impressive value stock at the moment.


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Kyocera Corporation (KYOCY) : Free Stock Analysis Report
 
TTM Technologies, Inc. (TTMI) : Free Stock Analysis Report
 
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Zacks Investment Research