Is CRH (CRH) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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.
One company to watch right now is CRH (CRH). CRH is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 12, while its industry has an average P/E of 13.17. CRH's Forward P/E has been as high as 14.56 and as low as 9.29, with a median of 12.12, all within the past year.
CRH is also sporting a PEG ratio of 0.63. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. CRH's industry has an average PEG of 1.04 right now. Within the past year, CRH's PEG has been as high as 5.50 and as low as 0.61, with a median of 1.31.
Another notable valuation metric for CRH is its P/B ratio of 1.96. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.88. Over the past 12 months, CRH's P/B has been as high as 2.06 and as low as 1.12, with a median of 1.62.
These are just a handful of the figures considered in CRH's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CRH is an impressive value stock right now.
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CRH PLC (CRH) : Free Stock Analysis Report
