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.

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 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.

Winnebago Industries (WGO) is a stock many investors are watching right now. WGO is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 9.29 right now. For comparison, its industry sports an average P/E of 17.45. Over the last 12 months, WGO's Forward P/E has been as high as 15.86 and as low as 8.19, with a median of 10.35.

Another notable valuation metric for WGO is its P/B ratio of 0.86. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.91. Within the past 52 weeks, WGO's P/B has been as high as 1.64 and as low as 0.80, with a median of 1.30.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. WGO has a P/S ratio of 0.37. This compares to its industry's average P/S of 0.79.

Finally, our model also underscores that WGO has a P/CF ratio of 14.24. 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. WGO's P/CF compares to its industry's average P/CF of 14.70. Over the past year, WGO's P/CF has been as high as 21.92 and as low as 9.89, with a median of 14.19.

These are just a handful of the figures considered in Winnebago Industries'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 WGO is an impressive value stock right now.

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Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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