Are Investors Undervaluing Mistras Group (MG) 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.

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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company value investors might notice is Mistras Group (MG). MG is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 12.37, while its industry has an average P/E of 24.94. MG's Forward P/E has been as high as 13.78 and as low as 8.93, with a median of 11.00, all within the past year.

Investors will also notice that MG has a PEG ratio of 0.77. 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. MG's industry currently sports an average PEG of 1.73. MG's PEG has been as high as 0.86 and as low as 0.56, with a median of 0.68, all within the past year.

Value investors will likely look at more than just these metrics, but the above data helps show that Mistras Group is likely undervalued currently. And when considering the strength of its earnings outlook, MG sticks out as one of the market's strongest value stocks.

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This article originally published on Zacks Investment Research (zacks.com).

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