Investors interested in Leisure and Recreation Services stocks are likely familiar with Royal Caribbean (RCL Quick QuoteRCL - Free Report) and Atour Lifestyle Holdings Limited Sponsored ADR (ATAT Quick QuoteATAT - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great 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.

Royal Caribbean and Atour Lifestyle Holdings Limited Sponsored ADR are sporting Zacks Ranks of #1 (Strong Buy) and #4 (Sell), respectively, right now. Investors should feel comfortable knowing that RCL likely has seen a stronger improvement to its earnings outlook than ATAT has recently. But this is just one piece of the puzzle for value investors.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies 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.

RCL currently has a forward P/E ratio of 12.95, while ATAT has a forward P/E of 17.78. We also note that RCL has 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. ATAT currently has a PEG ratio of 0.49.

Another notable valuation metric for RCL is its P/B ratio of 6.86. 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, ATAT has a P/B of 8.81.

These metrics, and several others, help RCL earn a Value grade of B, while ATAT has been given a Value grade of C.

RCL is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that RCL is likely the superior value option right now.