Is SPAR Group (SGRP) Stock Undervalued Right Now?

SPAR Group (SGRP) is a stock many investors are watching right now. SGRP is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 8, which compares to its industry's average of 19.37. Over the past year, SGRP's Forward P/E has been as high as 32.50 and as low as 8, with a median of 16.05. Investors should also recognize that SGRP has a P/B ratio of 1.15. The P/B ratio pits a stock's market value against its book value, which is defined as ...