Investors looking for stocks in the Real Estate - Development sector might want to consider either Barratt Developments PLC Unsponsored ADR (BTDPY Quick QuoteBTDPY - Free Report) or Marcus & Millichap (MMI Quick QuoteMMI - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Right now, both Barratt Developments PLC Unsponsored ADR and Marcus & Millichap are sporting a Zacks Rank of # 2 (Buy). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is only part of the picture for value investors.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

BTDPY currently has a forward P/E ratio of 8.88, while MMI has a forward P/E of 19.92. We also note that BTDPY has a PEG ratio of 1.22. 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. MMI currently has a PEG ratio of 3.32.

Another notable valuation metric for BTDPY is its P/B ratio of 1.55. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, MMI has a P/B of 4.65.

These metrics, and several others, help BTDPY earn a Value grade of A, while MMI has been given a Value grade of D.

Both BTDPY and MMI are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that BTDPY is the superior value option right now.