While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.

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 Strattec Security (STRT). STRT is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 13.15 right now. For comparison, its industry sports an average P/E of 21.16. Over the last 12 months, STRT's Forward P/E has been as high as 26.50 and as low as 12.04, with a median of 16.28.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. STRT has a P/S ratio of 0.36. This compares to its industry's average P/S of 0.57.

These are only a few of the key metrics included in Strattec Security'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, STRT looks like an impressive value stock at the moment.

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Strattec Security Corporation (STRT) : Free Stock Analysis Report

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

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