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.

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 Skechers (SKX). SKX is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 13.97, which compares to its industry's average of 26.65. Over the past 52 weeks, SKX's Forward P/E has been as high as 18.15 and as low as 12.50, with a median of 14.89.

We also note that SKX holds a PEG ratio of 0.82. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SKX's industry has an average PEG of 1.64 right now. Within the past year, SKX's PEG has been as high as 1.23 and as low as 0.55, with a median of 0.85.

Finally, investors should note that SKX has a P/CF ratio of 12.44. 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. This stock's P/CF looks attractive against its industry's average P/CF of 17.07. Within the past 12 months, SKX's P/CF has been as high as 14.78 and as low as 10.95, with a median of 13.

Value investors will likely look at more than just these metrics, but the above data helps show that Skechers is likely undervalued currently. And when considering the strength of its earnings outlook, SKX sticks out at as one of the market's strongest value stocks.

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Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report

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