Is Foxtons Group (FXTGY) a Great Value Stock 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.
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 Foxtons Group (FXTGY). FXTGY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 12.85. This compares to its industry's average Forward P/E of 13.03. FXTGY's Forward P/E has been as high as 16.77 and as low as 6.88, with a median of 11.87, all within the past year.
Another notable valuation metric for FXTGY is its P/B ratio of 0.99. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.53. Within the past 52 weeks, FXTGY's P/B has been as high as 1.12 and as low as 0.45, with a median of 0.77.
These are just a handful of the figures considered in Foxtons Group'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 FXTGY is an impressive value stock right now.
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Foxtons Group PLC Unsponsored ADR (FXTGY) : Free Stock Analysis Report
