Is Lloyds Banking Group (LYG) a Great Value Stock 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 use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company to watch right now is Lloyds Banking Group (LYG). LYG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 6.13. This compares to its industry's average Forward P/E of 7.57. LYG's Forward P/E has been as high as 9.47 and as low as 5.48, with a median of 6.96, all within the past year.
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