Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

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.

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.

One stock to keep an eye on is Euroseas (ESEA Quick QuoteESEA - Free Report) . ESEA is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.

Another valuation metric that we should highlight is ESEA's 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 1.98. Over the past 12 months, ESEA's P/B has been as high as 1.12 and as low as 0.51, with a median of 0.77.

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.