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.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One stock to keep an eye on is Methanex (MEOH). MEOH is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 12.41, which compares to its industry's average of 15.10. Over the past 52 weeks, MEOH's Forward P/E has been as high as 23.07 and as low as 9.66, with a median of 14.94.

Another notable valuation metric for MEOH is its P/B ratio of 1.38. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.80. Within the past 52 weeks, MEOH's P/B has been as high as 1.67 and as low as 1.08, with a median of 1.38.

Finally, investors will want to recognize that MEOH has a P/CF ratio of 5.87. 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. MEOH's current P/CF looks attractive when compared to its industry's average P/CF of 9.74. MEOH's P/CF has been as high as 6.73 and as low as 4.54, with a median of 5.60, all within the past year.

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Methanex Corporation (MEOH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research