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.

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 company value investors might notice is Jabil (JBL). JBL 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 16.58, which compares to its industry's average of 18.65. Over the past year, JBL's Forward P/E has been as high as 16.61 and as low as 10.72, with a median of 13.23.

We also note that JBL holds a PEG ratio of 1.39. 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. JBL's industry has an average PEG of 1.55 right now. Within the past year, JBL's PEG has been as high as 2.17 and as low as 0.96, with a median of 1.30.

Finally, our model also underscores that JBL has a P/CF ratio of 8.92. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 10.95. Over the past 52 weeks, JBL's P/CF has been as high as 11.38 and as low as 5.56, with a median of 6.98.

These are just a handful of the figures considered in Jabil'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 JBL is an impressive value stock right now.

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