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 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.

Seanergy Maritime Holdings (SHIP Quick QuoteSHIP - Free Report) is a stock many investors are watching right now. SHIP is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 9.27 right now. For comparison, its industry sports an average P/E of 13.29. Over the past 52 weeks, SHIP's Forward P/E has been as high as 9.63 and as low as 2.82, with a median of 6.88.

Investors should also recognize that SHIP has a P/B ratio of 0.69. 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 1.87. Over the past 12 months, SHIP's P/B has been as high as 1.02 and as low as 0.41, with a median of 0.55.

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. SHIP has a P/S ratio of 1.61. This compares to its industry's average P/S of 1.75.

Finally, we should also recognize that SHIP has a P/CF ratio of 3.79. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 9.14. Over the past year, SHIP's P/CF has been as high as 4.13 and as low as 1.70, with a median of 2.17.

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