Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader 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 Edgewell Personal Care (EPC Quick QuoteEPC - Free Report) . EPC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 10.21, while its industry has an average P/E of 19.65. Over the last 12 months, EPC's Forward P/E has been as high as 11.98 and as low as 6.82, with a median of 9.25.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. EPC has a P/S ratio of 0.8. This compares to its industry's average P/S of 1.64.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Edgewell Personal Care is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, EPC feels like a great value stock at the moment.