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Is OneWater Marine (ONEW) Stock Undervalued 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is OneWater Marine (ONEW). ONEW is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.

Another valuation metric that we should highlight is ONEW's P/B ratio of 3.18. 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 solid versus its industry's average P/B of 7.20. Within the past 52 weeks, ONEW's P/B has been as high as 3.84 and as low as 1.61, with a median of 2.71.

Finally, investors will want to recognize that ONEW has a P/CF ratio of 10.20. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. ONEW's P/CF compares to its industry's average P/CF of 37.71. Over the past 52 weeks, ONEW's P/CF has been as high as 16.16 and as low as 7.03, with a median of 10.66.

Value investors will likely look at more than just these metrics, but the above data helps show that OneWater Marine is likely undervalued currently. And when considering the strength of its earnings outlook, ONEW sticks out at as one of the market's strongest value stocks.


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