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.

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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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 company value investors might notice is Orix Corp Ads (IX Quick QuoteIX - Free Report) . IX is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

We should also highlight that IX has a P/B ratio of 1.06. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. IX's current P/B looks attractive when compared to its industry's average P/B of 2.69. Within the past 52 weeks, IX's P/B has been as high as 1.11 and as low as 0.76, with a median of 0.89.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. IX has a P/S ratio of 1.63. This compares to its industry's average P/S of 1.96.

Finally, investors should note that IX has a P/CF ratio of 6.00. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 12.95. Within the past 12 months, IX's P/CF has been as high as 6.42 and as low as 4.20, with a median of 4.72.

These are just a handful of the figures considered in Orix Corp Ads's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that IX is an impressive value stock right now.