While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

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 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 stock to keep an eye on is Genpact (G). G is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 12.41. This compares to its industry's average Forward P/E of 25.01. G's Forward P/E has been as high as 13.92 and as low as 9.75, with a median of 11.32, all within the past year.

Investors will also notice that G has a PEG ratio of 1.26. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. G's industry has an average PEG of 2.64 right now. G's PEG has been as high as 1.66 and as low as 1.23, with a median of 1.36, all within the past year.

Finally, we should also recognize that G has a P/CF ratio of 10.10. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. G's current P/CF looks attractive when compared to its industry's average P/CF of 16.92. Within the past 12 months, G's P/CF has been as high as 11.03 and as low as 7.46, with a median of 8.72.

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

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