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.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Laureate Education (LAUR Quick QuoteLAUR - Free Report) . LAUR is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 13.40 right now. For comparison, its industry sports an average P/E of 18.02. Over the past year, LAUR's Forward P/E has been as high as 13.40 and as low as 9.26, with a median of 10.69.

Another valuation metric that we should highlight is LAUR's P/B ratio of 3.24. 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. This stock's P/B looks attractive against its industry's average P/B of 3.60. Within the past 52 weeks, LAUR's P/B has been as high as 3.24 and as low as 2.08, with a median of 2.44.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Laureate Education is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, LAUR feels like a great value stock at the moment.