Advertisement
Singapore markets closed
  • Straits Times Index

    3,447.56
    -23.60 (-0.68%)
     
  • Nikkei

    40,063.79
    -62.56 (-0.16%)
     
  • Hang Seng

    17,417.68
    -360.73 (-2.03%)
     
  • FTSE 100

    8,161.28
    -43.61 (-0.53%)
     
  • Bitcoin USD

    65,607.02
    +1,744.85 (+2.73%)
     
  • CMC Crypto 200

    1,355.46
    +24.56 (+1.85%)
     
  • S&P 500

    5,527.20
    -17.39 (-0.31%)
     
  • Dow

    40,355.95
    -309.07 (-0.76%)
     
  • Nasdaq

    17,813.17
    -58.05 (-0.32%)
     
  • Gold

    2,402.90
    -53.50 (-2.18%)
     
  • Crude Oil

    82.31
    -0.51 (-0.62%)
     
  • 10-Yr Bond

    4.2350
    +0.0460 (+1.10%)
     
  • FTSE Bursa Malaysia

    1,636.55
    +2.74 (+0.17%)
     
  • Jakarta Composite Index

    7,294.50
    -26.58 (-0.36%)
     
  • PSE Index

    6,791.69
    +86.68 (+1.29%)
     

Are Investors Undervaluing Xinyi Glass (XYIGF) Right Now?

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

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.

Xinyi Glass (XYIGF) is a stock many investors are watching right now. XYIGF is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 6.02, while its industry has an average P/E of 9.02. Over the last 12 months, XYIGF's Forward P/E has been as high as 18.58 and as low as 5.33, with a median of 8.53.

ADVERTISEMENT

Another notable valuation metric for XYIGF is its P/B ratio of 1.12. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.40. Over the past 12 months, XYIGF's P/B has been as high as 1.92 and as low as 0.82, with a median of 1.28.

These are just a handful of the figures considered in Xinyi Glass'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 XYIGF is an impressive value stock right now.

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

Xinyi Glass (XYIGF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research