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.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company value investors might notice is The Hain Celestial Group (HAIN). HAIN is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.

We should also highlight that HAIN has a P/B ratio of 0.80. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. HAIN's current P/B looks attractive when compared to its industry's average P/B of 2.17. Within the past 52 weeks, HAIN's P/B has been as high as 1.08 and as low as 0.55, with a median of 0.78.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. HAIN has a P/S ratio of 0.46. This compares to its industry's average P/S of 0.92.

These are just a handful of the figures considered in The Hain Celestial Group'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 HAIN is an impressive value stock right now.

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The Hain Celestial Group, Inc. (HAIN) : Free Stock Analysis Report

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