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Is Grindrod Shipping Holdings Ltd. (GRIN) a Great Value Stock Right Now?

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  • GRIN

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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 to watch right now is Grindrod Shipping Holdings Ltd. (GRIN). GRIN 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 3.26, while its industry has an average P/E of 5.51. Over the past 52 weeks, GRIN's Forward P/E has been as high as 12.02 and as low as -30.32, with a median of -4.89.

We should also highlight that GRIN has a P/B ratio of 0.85. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. GRIN's current P/B looks attractive when compared to its industry's average P/B of 1. Within the past 52 weeks, GRIN's P/B has been as high as 1.01 and as low as 0.25, with a median of 0.40.

These are only a few of the key metrics included in Grindrod Shipping Holdings Ltd.'s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, GRIN looks like an impressive value stock at the moment.

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