Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company value investors might notice is SpartanNash (SPTN Quick QuoteSPTN - Free Report) . SPTN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 8.75. This compares to its industry's average Forward P/E of 14.26. Over the past year, SPTN's Forward P/E has been as high as 10.88 and as low as 8.62, with a median of 9.65.

Finally, investors should note that SPTN has a P/CF ratio of 4.06. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SPTN's current P/CF looks attractive when compared to its industry's average P/CF of 9.41. SPTN's P/CF has been as high as 5.94 and as low as 4.06, with a median of 5.25, all within the past year.

These are only a few of the key metrics included in SpartanNash's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SPTN looks like an impressive value stock at the moment.