Are Investors Undervaluing Zions Bancorporation (ZION) Right Now?

Core Viewpoint - Zions Bancorporation (ZION) is identified as a strong value stock, currently holding a Zacks Rank 2 (Buy) and an A grade in the Value category, indicating it is likely undervalued in the market [4][7]. Valuation Metrics - ZION has a Forward P/E ratio of 10.48, which is lower than the industry average of 10.81. The stock's Forward P/E has fluctuated between 7.65 and 12.64 over the past year, with a median of 10.20 [4]. - The P/S ratio for ZION is 1.68, compared to the industry's average P/S of 2.21, highlighting its relative value based on sales performance [5]. - ZION's P/CF ratio stands at 9.10, which is below the industry average of 10.89. This ratio has ranged from 6.62 to 11.06 in the past year, with a median of 8.80 [6]. Investment Outlook - The combination of ZION's strong earnings outlook and favorable valuation metrics suggests that it is an impressive value stock at the moment, appealing to value investors [7].