Is Zions Bancorporation (ZION) Stock Undervalued Right Now?

Core Viewpoint - Zions Bancorporation (ZION) is currently considered an attractive investment opportunity due to its strong value metrics and positive earnings outlook [4][8]. Valuation Metrics - ZION has a Forward P/E ratio of 10.30, which is lower than the industry's average of 11.30. Over the past year, ZION's Forward P/E has fluctuated between 8.72 and 12.64, with a median of 10.05 [4]. - The P/B ratio for ZION is 1.35, compared to the industry's average of 1.37. Its P/B ratio has ranged from 1.07 to 1.53 over the past year, with a median of 1.23 [5]. - ZION's P/S ratio stands at 1.65, significantly lower than the industry's average of 2.32, indicating a potentially undervalued stock based on sales performance [6]. - The P/CF ratio for ZION is 8.97, which is attractive compared to the industry's average of 11.01. This ratio has varied from 6.86 to 11.06 over the past year, with a median of 8.66 [7]. Investment Outlook - The combination of ZION's strong earnings outlook and favorable valuation metrics suggests that the stock is likely undervalued at present, making it a compelling value investment [8].