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Are Investors Undervaluing Rio Tinto (RIO) Right Now?
The article suggests that Rio Tinto (RIO) may be undervalued based on its Zacks Rank of #2 (Buy) and a strong “A” grade for Value. It highlights RIO’s attractive P/E ratio of 9.99 compared to its industry average of 14.09, and a favorable PEG ratio of 0.37 against an industry average of 0.92. Additionally, RIO’s P/B ratio of 1.26 is presented as appealing when compared to its industry’s average of 1.69, indicating potential for value investors.