Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

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.

One company to watch right now is Newmark Group (NMRK Quick QuoteNMRK - Free Report) . NMRK is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 9.30, while its industry has an average P/E of 15.23. Over the past year, NMRK's Forward P/E has been as high as 10.49 and as low as 3.86, with a median of 5.83.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NMRK has a P/S ratio of 0.76. This compares to its industry's average P/S of 1.54.

Value investors will likely look at more than just these metrics, but the above data helps show that Newmark Group is likely undervalued currently. And when considering the strength of its earnings outlook, NMRK sticks out at as one of the market's strongest value stocks.