Toyota Plunges 20% in 6 Months: At a Low P/E, is TM Stock a Buy Now?
Toyota(TM) ZACKS·2024-11-20 22:26
Japan’s auto powerhouse, Toyota (TM) , appears to be attractively valued now. TM is currently trading at a forward price/earnings of 7.6X, lower than the industry’s 8.01X as well as its own 5-year average of 9.34X. Toyota currently carries a Value Score of A. Image Source: Zacks Investment ResearchOver the past six months, shares of TM have declined 20%, underperforming the auto sector’s growth of 22%. Currently hovering at $175/share, the stock is trading at more than 30% off its 52-week high.With Toyota t ...