Should Value Investors Buy Ping An Insurance Co. of China (PNGAY) Stock?

One company value investors might notice is Ping An Insurance Co. of China (PNGAY) . PNGAY 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 4.69. This compares to its industry's average Forward P/E of 8.84. PNGAY's Forward P/E has been as high as 5.77 and as low as 3.68, with a median of 4.68, all within the past year. Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, ...