Investors interested in Electronics - Semiconductors stocks are likely familiar with Silicon Motion (SIMO Quick QuoteSIMO - Free Report) and Synaptics (SYNA Quick QuoteSYNA - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Right now, both Silicon Motion and Synaptics are sporting a Zacks Rank of # 2 (Buy). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. But this is just one factor that value investors are interested in.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their 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.

SIMO currently has a forward P/E ratio of 11.46, while SYNA has a forward P/E of 23.52. We also note that SIMO has a PEG ratio of 1.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SYNA currently has a PEG ratio of 2.35.

Another notable valuation metric for SIMO is its P/B ratio of 3.43. 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, SYNA has a P/B of 10.18.

These metrics, and several others, help SIMO earn a Value grade of B, while SYNA has been given a Value grade of D.

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