Should Value Investors Buy Allegiant (ALGT) Stock?

Core Viewpoint - The article emphasizes the importance of value investing and highlights Allegiant (ALGT) as a strong candidate for value investors due to its favorable financial metrics and Zacks Rank [2][4][6] Company Analysis - Allegiant (ALGT) currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4] - The stock is trading at a P/E ratio of 6.84, significantly lower than the industry average P/E of 15.24, suggesting it may be undervalued [4] - Over the past 12 months, ALGT's Forward P/E has fluctuated between a high of 61.81 and a low of 6.50, with a median of 10.34, indicating volatility in its valuation [4] Industry Comparison - The P/S ratio for Allegiant is 0.41, compared to the industry average P/S of 0.53, further supporting the notion that ALGT is undervalued [5] - The metrics discussed, including P/E and P/S ratios, are commonly used by value investors to assess stock performance and potential [5][6]