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.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

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 to watch right now is Lexinfintech Holdings (LX Quick QuoteLX - Free Report) . LX is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 5.80, which compares to its industry's average of 7.85. LX's Forward P/E has been as high as 8.79 and as low as 4.13, with a median of 6.43, all within the past year.

Investors should also note that LX holds a PEG ratio of 0.43. 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. LX's industry has an average PEG of 0.71 right now. LX's PEG has been as high as 0.44 and as low as 0.30, with a median of 0.39, all within the past year.

These are only a few of the key metrics included in Lexinfintech Holdings's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, LX looks like an impressive value stock at the moment.