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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One stock to keep an eye on is SB Financial Group (SBFG Quick QuoteSBFG - Free Report) . SBFG is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 8.68 right now. For comparison, its industry sports an average P/E of 9.51. Over the last 12 months, SBFG's Forward P/E has been as high as 13.56 and as low as 8.56, with a median of 10.46.

Investors should also recognize that SBFG has a P/B ratio of 0.91. 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. This stock's P/B looks solid versus its industry's average P/B of 0.99. Over the past year, SBFG's P/B has been as high as 1.26 and as low as 0.73, with a median of 0.99.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SBFG has a P/S ratio of 1.44. This compares to its industry's average P/S of 1.75.

Finally, investors will want to recognize that SBFG has a P/CF ratio of 7.77. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 15.56. Over the past 52 weeks, SBFG's P/CF has been as high as 10.29 and as low as 5.64, with a median of 8.25.

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