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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Hawkins (HWKN Quick QuoteHWKN - Free Report) . HWKN is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 14.52, which compares to its industry's average of 29.82. HWKN's Forward P/E has been as high as 18.35 and as low as 11.28, with a median of 14.62, all within the past year.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. HWKN has a P/S ratio of 1. This compares to its industry's average P/S of 1.75.

These are only a few of the key metrics included in Hawkins'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, HWKN looks like an impressive value stock at the moment.