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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Kimball Electronics (KE). KE is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 25.54 right now. For comparison, its industry sports an average P/E of 26.30. Over the last 12 months, KE's Forward P/E has been as high as 26.79 and as low as 10.37, with a median of 15.23.
These are just a handful of the figures considered in Kimball Electronics'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 KE is an impressive value stock right now.
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Kimball Electronics, Inc. (KE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).