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Should Value Investors Buy Xinyi Glass (XYIGF) Stock?

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.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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.

One company to watch right now is Xinyi Glass (XYIGF). XYIGF is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 5.63, which compares to its industry's average of 5.74. Over the past year, XYIGF's Forward P/E has been as high as 18.58 and as low as 5.33, with a median of 8.35.

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Investors should also recognize that XYIGF has a P/B ratio of 1.04. 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 1.33. 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 1.23.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Xinyi Glass is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, XYIGF feels like a great value stock at the moment.

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Zacks Investment Research