Is Mitsui & Co. (MITSY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Mitsui & Co. (MITSY). MITSY is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 10.46, which compares to its industry's average of 16.32. Over the past 52 weeks, MITSY's Forward P/E has been as high as 10.46 and as low as 5.62, with a median of 8.82.
Another valuation metric that we should highlight is MITSY's P/B ratio of 1.28. 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 stock's P/B looks attractive against its industry's average P/B of 2.17. Over the past 12 months, MITSY's P/B has been as high as 1.28 and as low as 0.93, with a median of 1.10.
These are only a few of the key metrics included in Mitsui & Co.'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, MITSY looks like an impressive value stock at the moment.
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Mitsui & Co. (MITSY) : Free Stock Analysis Report
