The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.

Berry (BRY Quick QuoteBRY - Free Report) is a stock many investors are watching right now. BRY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 5.68 right now. For comparison, its industry sports an average P/E of 13.25. Over the past year, BRY's Forward P/E has been as high as 11.52 and as low as 5.42, with a median of 8.61.

Finally, investors should note that BRY has a P/CF ratio of 1.34. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. BRY's P/CF compares to its industry's average P/CF of 5.26. Within the past 12 months, BRY's P/CF has been as high as 3.96 and as low as 1.14, with a median of 2.83.

These are just a handful of the figures considered in Berry's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BRY is an impressive value stock right now.