One company to watch right now is Silgan Holdings (SLGN). SLGN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 10.58. This compares to its industry's average Forward P/E of 14.31. SLGN's Forward P/E has been as high as 12.78 and as low as 9.53, with a median of 11.22, all within the past year.
We also note that SLGN holds a PEG ratio of 2.12. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. SLGN's industry currently sports an average PEG of 2.86. SLGN's PEG has been as high as 2.56 and as low as 1.91, with a median of 2.24, all within the past year.
Another notable valuation metric for SLGN is its P/B ratio of 2.97. The P/B ratio pits a stock's market value against 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 5.47. Over the past year, SLGN's P/B has been as high as 3.41 and as low as 2.65, with a median of 3.07.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SLGN has a P/S ratio of 0.78. This compares to its industry's average P/S of 0.89.
These are just a handful of the figures considered in Silgan Holdings'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 SLGN is an impressive value stock right now.
