The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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.

Playtika (PLTK Quick QuotePLTK - Free Report) is a stock many investors are watching right now. PLTK is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

Investors will also notice that PLTK has a PEG ratio of 0.80. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. PLTK's PEG compares to its industry's average PEG of 1.23. Over the past 52 weeks, PLTK's PEG has been as high as 2.80 and as low as 0.80, with a median of 1.20.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. PLTK has a P/S ratio of 0.46. This compares to its industry's average P/S of 1.33.

These are only a few of the key metrics included in Playtika'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, PLTK looks like an impressive value stock at the moment.