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 use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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.

One stock to keep an eye on is ArcelorMittal (MT). MT 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 7.29 right now. For comparison, its industry sports an average P/E of 10.33. Over the past year, MT's Forward P/E has been as high as 8.54 and as low as 4.80, with a median of 5.91.

Investors should also note that MT holds a PEG ratio of 0.14. 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. MT's industry has an average PEG of 0.35 right now. Over the last 12 months, MT's PEG has been as high as 0.56 and as low as 0.13, with a median of 0.35.

Finally, investors should note that MT has a P/CF ratio of 5.78. 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. This stock's P/CF looks attractive against its industry's average P/CF of 13.27. MT's P/CF has been as high as 14.53 and as low as 4.24, with a median of 6.60, all within the past year.

These are only a few of the key metrics included in ArcelorMittal's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MT looks like an impressive value stock at the moment.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ArcelorMittal (MT) : Free Stock Analysis Report

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

Zacks Investment Research