Investors interested in stocks from the Furniture sector have probably already heard of Flexsteel Industries (FLXS) and SharkNinja, Inc. (SN). 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 puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Currently, Flexsteel Industries has a Zacks Rank of #1 (Strong Buy), while SharkNinja, Inc. has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that FLXS has an improving earnings outlook. But this is only part of the picture 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.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

FLXS currently has a forward P/E ratio of 17.28, while SN has a forward P/E of 23.95. We also note that FLXS has a PEG ratio of 1.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SN currently has a PEG ratio of 1.54.

Another notable valuation metric for FLXS is its P/B ratio of 1.89. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, SN has a P/B of 7.87.

Based on these metrics and many more, FLXS holds a Value grade of B, while SN has a Value grade of D.

FLXS stands above SN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that FLXS is the superior value option right now.

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