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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One stock to keep an eye on is Sanmina (SANM). SANM is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 13.18 right now. For comparison, its industry sports an average P/E of 18.41. Over the past 52 weeks, SANM's Forward P/E has been as high as 14.08 and as low as 9.58, with a median of 11.03.

Investors will also notice that SANM has a PEG ratio of 0.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. SANM's PEG compares to its industry's average PEG of 1.44. Over the last 12 months, SANM's PEG has been as high as 1.55 and as low as 0.71, with a median of 1.07.

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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SANM has a P/S ratio of 0.59. This compares to its industry's average P/S of 0.63.

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

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

Sanmina Corporation (SANM) : Free Stock Analysis Report

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

Zacks Investment Research