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.

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 stock to keep an eye on is Fluent (FLNT Quick QuoteFLNT - Free Report) . FLNT is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 5.35 right now. For comparison, its industry sports an average P/E of 10.65. Over the past year, FLNT's Forward P/E has been as high as 11,761.31 and as low as -1,403.11, with a median of 12.98.

Value investors will likely look at more than just these metrics, but the above data helps show that Fluent is likely undervalued currently. And when considering the strength of its earnings outlook, FLNT sticks out at as one of the market's strongest value stocks.