OC or JHX: Which Is the Better Value Stock Right Now?

Core Insights - The article compares Owens Corning (OC) and James Hardie (JHX) to determine which stock is more attractive to value investors [1] Valuation Metrics - Owens Corning has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while James Hardie has a Zacks Rank of 3 (Hold) [3] - OC has a forward P/E ratio of 11.25, significantly lower than JHX's forward P/E of 23.81 [5] - The PEG ratio for OC is 1.95, compared to JHX's PEG ratio of 4.79, suggesting OC is more reasonably priced relative to its expected earnings growth [5] - OC's P/B ratio is 2.73, while JHX has a P/B ratio of 7.24, further indicating OC's relative undervaluation [6] - Based on these metrics, OC has a Value grade of A, whereas JHX has a Value grade of D [6] Earnings Outlook - OC is noted for its improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]