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.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Imperial Tobacco Group (IMBBY) is a stock many investors are watching right now. IMBBY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 8.94 right now. For comparison, its industry sports an average P/E of 15.66. Over the past year, IMBBY's Forward P/E has been as high as 9.53 and as low as 6.25, with a median of 7.59.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Imperial Tobacco Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, IMBBY feels like a great value stock at the moment.
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Imperial Tobacco Group PLC (IMBBY): Free Stock Analysis Report SiriusPoint Ltd. (SPNT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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