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.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 JD.com (JD). JD is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 7.87. This compares to its industry's average Forward P/E of 19.99. Over the past 52 weeks, JD's Forward P/E has been as high as 11.39 and as low as 6.31, with a median of 8.51.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. JD has a P/S ratio of 0.37. This compares to its industry's average P/S of 0.99.

Finally, investors will want to recognize that JD has a P/CF ratio of 8.39. 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. JD's current P/CF looks attractive when compared to its industry's average P/CF of 12.61. JD's P/CF has been as high as 11.82 and as low as 7.05, with a median of 8.96, all within the past year.

These are just a handful of the figures considered in JD.com's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that JD is an impressive value stock right now.

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

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