Investors with an interest in Financial - Investment Management stocks have likely encountered both Janus Henderson Group plc (JHG Quick QuoteJHG - Free Report) and Eaton Vance (EV Quick QuoteEV - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Both Janus Henderson Group plc and Eaton Vance have a Zacks Rank of # 2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is only part of the picture for value investors.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

JHG currently has a forward P/E ratio of 10.62, while EV has a forward P/E of 19.05. We also note that JHG has a PEG ratio of 1.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. EV currently has a PEG ratio of 1.40.

Another notable valuation metric for JHG is its P/B ratio of 1.31. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, EV has a P/B of 6.

Based on these metrics and many more, JHG holds a Value grade of B, while EV has a Value grade of D.

Both JHG and EV are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that JHG is the superior value option right now.