One stock to keep an eye on is Reliance Steel (RS). RS is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Another notable valuation metric for RS is its P/B ratio of 1.58. The P/B ratio is used to compare a stock's market value with 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 1.83. Within the past 52 weeks, RS's P/B has been as high as 2.11 and as low as 1.34, with a median of 1.68.
Finally, investors should note that RS has a P/CF ratio of 6.97. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. RS's P/CF compares to its industry's average P/CF of 14.79. Over the past year, RS's P/CF has been as high as 16.84 and as low as 6.73, with a median of 12.37.
These are just a handful of the figures considered in Reliance Steel'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 RS is an impressive value stock right now.