Is TriplePoint Venture Growth BDC (TPVG) Stock Undervalued Right Now?

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.TriplePoint Venture Growth BDC (TPVG) is a stock many investors are watching right now. TPVG is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 5.82 right now. For comparison, its industry sports an average P/E of 8.38. TPVG's Forward P/E has been as high as 6.52 and as low as 4.64, with a median of 5.88, all within the past year. Investors should also recognize that TPVG has a P/B ratio of 0.72. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. TPVG's current P/B looks attractive when compared to its industry's average P/B of 0.91. Over the past 12 months, TPVG's P/B has been as high as 0.94 and as low as 0.67, with a median of 0.80.Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. TPVG has a P/S ratio of 2.16. This compares to its industry's average P/S of 3.18.Finally, investors should note that TPVG has a P/CF ratio of 6.87. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 8.16. Within the past 12 months, TPVG's P/CF has been as high as 35.21 and as low as -31.61, with a median of 9.12.These are only a few of the key metrics included in TriplePoint Venture Growth BDC's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TPVG looks like an impressive value stock at the moment.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TriplePoint Venture Growth BDC Corp. (TPVG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks