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Are Investors Undervaluing Carriage Services (CSV) 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.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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.

Carriage Services (CSV) is a stock many investors are watching right now. CSV is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9.46, while its industry has an average P/E of 14.33. Over the past year, CSV's Forward P/E has been as high as 20.22 and as low as 9.46, with a median of 14.45.

Investors should also note that CSV holds a PEG ratio of 0.63. 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. CSV's industry has an average PEG of 1.43 right now. Over the past 52 weeks, CSV's PEG has been as high as 1.35 and as low as 0.63, with a median of 0.96.

These are only a few of the key metrics included in Carriage Services's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CSV looks like an impressive value stock at the moment.

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