Are Investors Undervaluing Greencore Group (GNCGY) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 value investors might notice is Greencore Group (GNCGY). GNCGY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 7.51, while its industry has an average P/E of 16.83. Over the past year, GNCGY's Forward P/E has been as high as 9.17 and as low as 4.90, with a median of 7.55.
Another valuation metric that we should highlight is GNCGY's P/B ratio of 0.85. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. GNCGY's current P/B looks attractive when compared to its industry's average P/B of 2.29. Within the past 52 weeks, GNCGY's P/B has been as high as 1.25 and as low as 0.64, with a median of 0.80.
Another great Food - Miscellaneous stock you could consider is US Foods (USFD), which is a # 2 (Buy) stock with a Value Score of A.
US Foods is currently trading with a Forward P/E ratio of 15 while its PEG ratio sits at 0.66. Both of the company's metrics compare favorably to its industry's average P/E of 16.83 and average PEG ratio of 1.95.
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Greencore Group (GNCGY) : Free Stock Analysis Report
US Foods Holding Corp. (USFD) : Free Stock Analysis Report
