Investors looking for stocks in the Electronics - Miscellaneous Components sector might want to consider either Kyocera (KYOCY) or Universal Display Corp. (OLED). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Both Kyocera and Universal Display Corp. have a Zacks Rank of # 2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. 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.

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.

KYOCY currently has a forward P/E ratio of 22.55, while OLED has a forward P/E of 43.13. We also note that KYOCY has a PEG ratio of 1.91. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OLED currently has a PEG ratio of 2.22.

Another notable valuation metric for KYOCY is its P/B ratio of 0.78. 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, OLED has a P/B of 6.45.

Based on these metrics and many more, KYOCY holds a Value grade of A, while OLED has a Value grade of D.

Both KYOCY and OLED are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that KYOCY is the superior value option right now.

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