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QFIN or RKT: Which Is the Better Value Stock Right Now?
QFINQFIN(US:QFIN) Zacks Investment Researchยท2024-01-19 17:41

Core Insights - Qifu Technology, Inc. (QFIN) is currently viewed as a more attractive investment compared to Rocket Companies (RKT) based on valuation metrics and earnings outlook [1][3]. Valuation Metrics - QFIN has a forward P/E ratio of 3.46, significantly lower than RKT's forward P/E of 34.94, indicating that QFIN may be undervalued [2]. - The PEG ratio for QFIN is 0.33, while RKT's PEG ratio stands at 6.99, suggesting that QFIN offers better value relative to its expected earnings growth [2]. - QFIN's P/B ratio is 0.81, compared to RKT's P/B of 2.70, further supporting the notion that QFIN is undervalued [3]. Earnings Outlook - QFIN is experiencing an improving earnings outlook, which enhances its attractiveness in the investment landscape [3].