Investors interested in stocks from the Insurance - Multi line sector have probably already heard of Axa Sa (AXAHY) and Oscar Health, Inc. (OSCR). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Currently, Axa Sa has a Zacks Rank of #1 (Strong Buy), while Oscar Health, Inc. has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AXAHY is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

AXAHY currently has a forward P/E ratio of 10.07, while OSCR has a forward P/E of 1,226.25. We also note that AXAHY has a PEG ratio of 1.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. OSCR currently has a PEG ratio of 32.39.

Another notable valuation metric for AXAHY is its P/B ratio of 1.57. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, OSCR has a P/B of 3.46.

Based on these metrics and many more, AXAHY holds a Value grade of B, while OSCR has a Value grade of C.

AXAHY has seen stronger estimate revision activity and sports more attractive valuation metrics than OSCR, so it seems like value investors will conclude that AXAHY is the superior option right now.

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