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.

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.

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.

Denso (DNZOY Quick QuoteDNZOY - Free Report) is a stock many investors are watching right now. DNZOY is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 12.02, while its industry has an average P/E of 18.12. DNZOY's Forward P/E has been as high as 12.40 and as low as 8.34, with a median of 10.66, all within the past year.

Another valuation metric that we should highlight is DNZOY's P/B ratio of 1.23. 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. This company's current P/B looks solid when compared to its industry's average P/B of 2.99. Within the past 52 weeks, DNZOY's P/B has been as high as 1.32 and as low as 0.95, with a median of 1.13.

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