Investors interested in Textile - Apparel stocks are likely familiar with Crocs (CROX Quick QuoteCROX - Free Report) and LVMH-Moet Hennessy Louis Vuitton SA (LVMUY Quick QuoteLVMUY - 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 proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Crocs and LVMH-Moet Hennessy Louis Vuitton SA are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that CROX likely has seen a stronger improvement to its earnings outlook than LVMUY has recently. However, value investors will care about much more than just this.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

CROX currently has a forward P/E ratio of 10.34, while LVMUY has a forward P/E of 21.82. We also note that CROX has a PEG ratio of 1.46. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. LVMUY currently has a PEG ratio of 1.76.

Another notable valuation metric for CROX is its P/B ratio of 4.99. 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, LVMUY has a P/B of 5.41.

These metrics, and several others, help CROX earn a Value grade of B, while LVMUY has been given a Value grade of D.

CROX is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that CROX is likely the superior value option right now.