Yahoo Finance Is Autoliv (ALV) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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.
Autoliv (ALV) is a stock many investors are watching right now. ALV is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 12.46, while its industry has an average P/E of 22.49. Over the last 12 months, ALV's Forward P/E has been as high as 18.36 and as low as 9.59, with a median of 12.59.
Investors will also notice that ALV has a PEG ratio of 0.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ALV's PEG compares to its industry's average PEG of 1.23. ALV's PEG has been as high as 0.63 and as low as 0.55, with a median of 0.58, all within the past year.
Investors could also keep in mind Niu Technologies (NIU), an Automotive - Original Equipment stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Shares of Niu Technologies are currently trading at a forward earnings multiple of 12.20 and a PEG ratio of 6.91 compared to its industry's P/E and PEG ratios of 22.49 and 1.23, respectively.
NIU's price-to-earnings ratio has been as high as 36.71 and as low as 5.74, with a median of 11.45, while its PEG ratio has been as high as 9.95 and as low as 0.28, with a median of 0.45, all within the past year.
Niu Technologies sports a P/B ratio of 1.48 as well; this compares to its industry's price-to-book ratio of 2.60. In the past 52 weeks, NIU's P/B has been as high as 4.05, as low as 1.07, with a median of 2.14.
These are only a few of the key metrics included in Autoliv and Niu Technologies strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, ALV and NIU look like an impressive value stock at the moment.
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Autoliv, Inc. (ALV) : Free Stock Analysis Report
Niu Technologies (NIU) : Free Stock Analysis Report
