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Why Mohawk Industries (MHK) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

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Mohawk Industries (MHK)

Mohawk Industries, Inc. is a leading global manufacturer of flooring products that enhance residential and commercial space. The company manufactures carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. It has a global presence with operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.

MHK is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 11.7X for the current fiscal year compared to the Textile - Home Furnishing industry's P/E of 12.6X. Additionally, MHK has a PEG Ratio of 1.1 and a Price/Cash Flow ratio of 3.5X. Value investors should also note MHK's Price/Sales ratio of 0.7X.

A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for MHK, while the Zacks Consensus Estimate has increased $0.12 to $9.68 per share. MHK also holds an average earnings surprise of 5.6%.

Investors should take the time to consider MHK for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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Mohawk Industries, Inc. (MHK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research