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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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.
One stock to keep an eye on is Global Ship Lease (GSL). GSL is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 3.25, while its industry has an average P/E of 8.41. GSL's Forward P/E has been as high as 3.38 and as low as 1.89, with a median of 2.62, all within the past year.
If you're looking for another solid Transportation - Shipping value stock, take a look at Navigator Holdings (NVGS). NVGS is a Zacks Rank of #1 (Strong Buy) stock with a Value score of A.
Additionally, Navigator Holdings has a P/B ratio of 0.91 while its industry's price-to-book ratio sits at 2.26. For NVGS, this valuation metric has been as high as 1.00, as low as 0.60, with a median of 0.89 over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Global Ship Lease and Navigator Holdings are likely undervalued currently. And when considering the strength of its earnings outlook, GSL and NVGS sticks out as one of the market's strongest value stocks.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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