Should Value Investors Buy VAREX IMAGING (VREX) Stock?

Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks in various market conditions, utilizing valuation metrics to uncover potential opportunities [1] Group 1: Zacks Rank and Style Scores - The Zacks Rank system focuses on earnings estimates and revisions to identify promising stocks, while the Style Scores system helps investors find stocks with specific traits, particularly in the "Value" category [1][2] Group 2: VAREX IMAGING (VREX) Overview - VAREX IMAGING (VREX) currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential as a value stock [3] - VREX has a P/E ratio of 18.38, significantly lower than the industry average P/E of 22.55, suggesting it may be undervalued [3] - Over the past 12 months, VREX's Forward P/E has fluctuated between 14.78 and 26.48, with a median of 19 [3] Group 3: Price-to-Sales Ratio - The P/S ratio for VREX is 0.65, compared to the industry average P/S of 1.52, further indicating potential undervaluation [4] - The P/S ratio is favored by value investors as it is less susceptible to manipulation compared to earnings figures [4] Group 4: Earnings Outlook - The combination of VREX's favorable valuation metrics and strong earnings outlook positions it as an impressive value stock in the current market [5]