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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

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 company value investors might notice is Telesat (TSAT Quick QuoteTSAT - Free Report) . TSAT is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.

Investors should also recognize that TSAT has a P/B ratio of 0.11. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 0.30. Over the past year, TSAT's P/B has been as high as 0.11 and as low as 0.05, with a median of 0.07.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. TSAT has a P/S ratio of 0.52. This compares to its industry's average P/S of 1.02.

These are only a few of the key metrics included in Telesat's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TSAT looks like an impressive value stock at the moment.