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.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company value investors might notice is Mnchener RckversicherungsGesellschaft (MURGY Quick QuoteMURGY - Free Report) . MURGY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.

Another valuation metric that we should highlight is MURGY's P/B ratio of 2.20. 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. This stock's P/B looks solid versus its industry's average P/B of 2.54. Within the past 52 weeks, MURGY's P/B has been as high as 2.32 and as low as 1.63, with a median of 1.93.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. MURGY has a P/S ratio of 0.87. This compares to its industry's average P/S of 0.99.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Mnchener RckversicherungsGesellschaft is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MURGY feels like a great value stock at the moment.