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, 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.
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 International Seaways (INSW). INSW is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 10.32, which compares to its industry's average of 10.67. Over the past year, INSW's Forward P/E has been as high as 10.67 and as low as 4.54, with a median of 7.96.
Another notable valuation metric for INSW is its P/B ratio of 1.24. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.49. Over the past year, INSW's P/B has been as high as 1.44 and as low as 0.76, with a median of 1.02.
Value investors will likely look at more than just these metrics, but the above data helps show that International Seaways is likely undervalued currently. And when considering the strength of its earnings outlook, INSW sticks out as one of the market's strongest value stocks.
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International Seaways Inc. (INSW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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