Eastman Chemical currently holds a Zacks Rank #2 (Buy) and a Value grade of A, suggesting it may be undervalued. The stock has a forward P/E ratio of 9.55, below the industry average of 12.70, and a price-to-book ratio of 1.27, compared to the industry average of 2.06. Over the past year, its forward P/E ranged from 7.66 to 13.09, while its P/B ranged from 1.14 to 2.33. These metrics, combined with a positive earnings outlook, indicate Eastman Chemical could be a compelling value stock.
Eastman Chemical CompanyArticle highlights low P/E and P/B ratios relative to industry, suggesting undervaluation, and assigns a Zacks Rank #2 (Buy) and Value grade A.