The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Fly Leasing is a stock many investors are watching right now. FLY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 4.01, while its industry has an average P/E of 9.83. Over the past 52 weeks, FLY's Forward P/E has been as high as 79.87 and as low as 4.01, with a median of 5.79.
Investors will also notice that FLY has a PEG ratio of 0.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. FLY's PEG compares to its industry's average PEG of 0.96. FLY's PEG has been as high as 7.99 and as low as 0.40, with a median of 0.58, all within the past year.
Another valuation metric that we should highlight is FLY's P/B ratio of 0.46. 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. FLY's current P/B looks attractive when compared to its industry's average P/B of 1.11. Within the past 52 weeks, FLY's P/B has been as high as 0.77 and as low as 0.46, with a median of 0.68.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. FLY has a P/S ratio of 0.77. This compares to its industry's average P/S of 0.96.
Finally, investors should note that FLY has a P/CF ratio of 1.52. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. FLY's current P/CF looks attractive when compared to its industry's average P/CF of 3.58. Over the past 52 weeks, FLY's P/CF has been as high as 4.82 and as low as 1.52, with a median of 2.27.
These are just a handful of the figures considered in Fly Leasing'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 FLY is an impressive value stock right now.
Image: Bigstock
Is Fly Leasing (FLY) Stock Undervalued Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Fly Leasing is a stock many investors are watching right now. FLY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 4.01, while its industry has an average P/E of 9.83. Over the past 52 weeks, FLY's Forward P/E has been as high as 79.87 and as low as 4.01, with a median of 5.79.
Investors will also notice that FLY has a PEG ratio of 0.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. FLY's PEG compares to its industry's average PEG of 0.96. FLY's PEG has been as high as 7.99 and as low as 0.40, with a median of 0.58, all within the past year.
Another valuation metric that we should highlight is FLY's P/B ratio of 0.46. 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. FLY's current P/B looks attractive when compared to its industry's average P/B of 1.11. Within the past 52 weeks, FLY's P/B has been as high as 0.77 and as low as 0.46, with a median of 0.68.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. FLY has a P/S ratio of 0.77. This compares to its industry's average P/S of 0.96.
Finally, investors should note that FLY has a P/CF ratio of 1.52. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. FLY's current P/CF looks attractive when compared to its industry's average P/CF of 3.58. Over the past 52 weeks, FLY's P/CF has been as high as 4.82 and as low as 1.52, with a median of 2.27.
These are just a handful of the figures considered in Fly Leasing'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 FLY is an impressive value stock right now.