Here's Why Gentex (GNTX) is a Strong Value Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Gentex (GNTX)
Zeeland, MI-based Gentex Corporation is engaged in supplying automatic-dimming rear-view mirrors and electronics to the automotive industry; fire protection products to the fire protection market and dimmable aircraft windows to the aviation market.
GNTX is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 16.8X for the current fiscal year compared to the Automotive - Original Equipment industry's P/E of 13.3X. Additionally, GNTX has a PEG Ratio of 0.7 and a Price/Cash Flow ratio of 16.8X. Value investors should also note GNTX's Price/Sales ratio of 3.1X.
Many value investors pay close attention to a company's earnings as well. For GNTX, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $1.77 per share for 2023. Per share GNTX boasts an average earnings surprise of 8.1%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding GNTX to their portfolios.
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Gentex Corporation (GNTX) : Free Stock Analysis Report
