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.

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.

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 stock to keep an eye on is Douglas Emmett (DEI Quick QuoteDEI - Free Report) . DEI is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 11.11, which compares to its industry's average of 16.40. Over the past 52 weeks, DEI's Forward P/E has been as high as 13.48 and as low as 9.01, with a median of 11.23.

Another valuation metric that we should highlight is DEI's P/B ratio of 0.75. The P/B ratio pits a stock's market value against 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 1.91. Over the past 12 months, DEI's P/B has been as high as 0.93 and as low as 0.60, with a median of 0.76.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. DEI has a P/S ratio of 1.78. This compares to its industry's average P/S of 4.05.

Finally, our model also underscores that DEI has a P/CF ratio of 6.24. 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. DEI's P/CF compares to its industry's average P/CF of 16.24. Over the past 52 weeks, DEI's P/CF has been as high as 8.61 and as low as 4.95, with a median of 6.56.

These are just a handful of the figures considered in Douglas Emmett'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 DEI is an impressive value stock right now.