Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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.

Kion Group (KIGRY Quick QuoteKIGRY - Free Report) is a stock many investors are watching right now. KIGRY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 17.85. This compares to its industry's average Forward P/E of 28.77. Over the past 52 weeks, KIGRY's Forward P/E has been as high as 19.07 and as low as 9.39, with a median of 13.54.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by 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. KIGRY has a P/S ratio of 0.7. This compares to its industry's average P/S of 1.31.

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