The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.

Pilgrim's Pride (PPC) is a stock many investors are watching right now. PPC is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 10.02. This compares to its industry's average Forward P/E of 12.50. Over the past 52 weeks, PPC's Forward P/E has been as high as 13.02 and as low as 8.43, with a median of 10.01.

Finally, we should also recognize that PPC has a P/CF ratio of 8.09. 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. PPC's P/CF compares to its industry's average P/CF of 10.50. Over the past year, PPC's P/CF has been as high as 10.94 and as low as 6.95, with a median of 8.62.

These are only a few of the key metrics included in Pilgrim's Pride'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, PPC looks like an impressive value stock at the moment.

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Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report

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

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