Is LaZBoy (LZB) a Great Value Stock Right Now?

Core Viewpoint - The article emphasizes the importance of value investing and highlights LaZBoy (LZB) as a strong value stock based on its Zacks Rank and valuation metrics [2][3][6] Value Investing - Value investing is a preferred strategy for identifying strong stocks, focusing on key valuation metrics to find undervalued stocks with profit potential [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category [3] LaZBoy (LZB) Analysis - LaZBoy currently has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is among the strongest value stocks [3] - LZB has a Price-to-Book (P/B) ratio of 1.84, which is lower than the industry average of 1.97, suggesting it is solidly valued [4] - Over the past 12 months, LZB's P/B ratio has fluctuated between 1.38 and 1.87, with a median of 1.64 [4] - The Price-to-Cash Flow (P/CF) ratio for LZB is 7.56, significantly lower than the industry average of 14.50, indicating potential undervaluation [5] - LZB's P/CF has ranged from 5.68 to 7.72 over the past 52 weeks, with a median of 6.80 [5] - These metrics suggest that LZB is likely undervalued and has a strong earnings outlook, making it an impressive value stock at the moment [6]