While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

Euroseas (ESEA Quick QuoteESEA - Free Report) is a stock many investors are watching right now. ESEA is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.

We should also highlight that ESEA has a P/B ratio of 1.09. 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. ESEA's current P/B looks attractive when compared to its industry's average P/B of 2.16. ESEA's P/B has been as high as 1.12 and as low as 0.51, with a median of 0.77, over the past year.

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