Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME Quick QuoteTME - Free Report) and DHI Group (DHX Quick QuoteDHX - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

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 emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Right now, Tencent Music Entertainment Group Sponsored ADR is sporting a Zacks Rank of #2 (Buy), while DHI Group has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that TME is likely seeing its earnings outlook improve to a greater extent. However, value investors will care about much more than just this.

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 Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

TME currently has a forward P/E ratio of 11.04, while DHX has a forward P/E of 84.46. We also note that TME has a PEG ratio of 0.62. 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. DHX currently has a PEG ratio of 3.38.

Another notable valuation metric for TME is its P/B ratio of 1. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, DHX has a P/B of 2.46.

Based on these metrics and many more, TME holds a Value grade of A, while DHX has a Value grade of C.

TME has seen stronger estimate revision activity and sports more attractive valuation metrics than DHX, so it seems like value investors will conclude that TME is the superior option right now.