Yahoo Finance Should Value Investors Buy AAC Technologies (AACAY) Stock?
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 to watch right now is AAC Technologies (AACAY). AACAY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 15.44, while its industry has an average P/E of 22.01. AACAY's Forward P/E has been as high as 30.42 and as low as 9.32, with a median of 14.52, all within the past year.
Another notable valuation metric for AACAY is its P/B ratio of 1.16. 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. This company's current P/B looks solid when compared to its industry's average P/B of 3.35. Within the past 52 weeks, AACAY's P/B has been as high as 1.33 and as low as 0.61, with a median of 0.89.
These are just a handful of the figures considered in AAC Technologies'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 AACAY is an impressive value stock right now.
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AAC Technologies Holdings Inc. (AACAY) : Free Stock Analysis Report
