Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Johnson Controls Inc. (JCI Quick QuoteJCI - Free Report) .

Johnson Controls in Focus

JCI may be an interesting play thanks to its forward PE of 11.54, its P/S ratio of 0.81, and its decent dividend yield 2.54%. These factors suggest that Johnson Controls is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that JCI has decent revenue metrics to back up its earnings.

JOHNSON CONTROL PE Ratio (TTM)

JOHNSON CONTROL PE Ratio (TTM) | JOHNSON CONTROL Quote

But before you think that Johnson Controls is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.3% in the past 30 days, thanks to 8 upward revisions in the past one months compared to 1 lower.

This estimate strength is actually enough to push JCI to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, Johnson Controls is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

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