Is Allegiant (ALGT) Stock Undervalued Right Now?

Core Viewpoint - The article emphasizes the importance of value investing and highlights specific companies, Allegiant (ALGT) and United Airlines (UAL), as strong value stocks based on their financial metrics and rankings [1][2][8]. Company Analysis Allegiant (ALGT) - ALGT has a Zacks Rank of 1 (Strong Buy) and an A for Value, indicating strong potential for value investors [4]. - The stock's P/E ratio is 11.16, significantly lower than the industry average of 16.51 [4]. - ALGT's Forward P/E has fluctuated between 7.88 and 61.81 over the past year, with a median of 10.24 [4]. - The P/S ratio for ALGT is 0.6, compared to the industry's average P/S of 0.62, suggesting it is undervalued [5][8]. United Airlines (UAL) - UAL also holds a Zacks Rank of 1 (Strong Buy) with a Value grade of A, making it another attractive option for value investors [5]. - The Forward P/E ratio for UAL is 7.99, with industry averages at 16.51, indicating a strong valuation [6]. - UAL's PEG ratio is 0.68, lower than the industry average of 0.83, further supporting its value proposition [6]. - The P/B ratio for UAL is 2.70, while the industry's average is 5.45, showing potential undervaluation [7].