Should Value Investors Buy Conagra Brands (CAG) Stock?

Core Viewpoint - Conagra Brands (CAG) is identified as a strong value stock with a favorable Zacks Rank and attractive valuation metrics [2][3]. Valuation Metrics - CAG has a Forward P/E ratio of 11.02, significantly lower than the industry average of 15.95, indicating potential undervaluation [2]. - The stock's P/B ratio stands at 1.54, compared to the industry's average P/B of 2.12, further suggesting it is undervalued [2]. - CAG's P/CF ratio is 10.67, which is also lower than the industry average of 15.69, reinforcing the notion of undervaluation based on cash flow [3]. Historical Performance - Over the past 12 months, CAG's Forward P/E has fluctuated between a high of 12.28 and a low of 9.47, with a median of 10.87 [2]. - The P/B ratio for CAG has ranged from a high of 1.89 to a low of 1.39, with a median of 1.54 [2]. - CAG's P/CF ratio has varied from a high of 15.91 to a low of 8.58, with a median of 10.35 [3]. Investment Outlook - The combination of CAG's strong earnings outlook and favorable valuation metrics positions it as an impressive value stock in the current market [3].