Is Ingevity (NGVT) Stock Undervalued Right Now?

Core Viewpoint - The article emphasizes the importance of value investing and highlights Ingevity (NGVT) as a strong candidate for value investors due to its favorable financial metrics and Zacks Rank [2][4][6]. Company Analysis - Ingevity (NGVT) currently holds a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [4]. - The stock is trading at a P/E ratio of 13.10, significantly lower than its industry's average of 23.22, suggesting it may be undervalued [4]. - NGVT's Forward P/E has fluctuated between 8.41 and 14.94 over the past year, with a median of 11.20, indicating variability in market perception [4]. - The P/S ratio for NGVT is 1.07, compared to the industry's average P/S of 1.63, further supporting the notion of undervaluation [5]. - Overall, the combination of these metrics suggests that NGVT is an impressive value stock with a strong earnings outlook [6].