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.

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

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.

Gentex (GNTX Quick QuoteGNTX - Free Report) is a stock many investors are watching right now. GNTX is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 15.03, which compares to its industry's average of 18.27. Over the last 12 months, GNTX's Forward P/E has been as high as 15.46 and as low as 10.60, with a median of 13.03.

We should also highlight that GNTX has a P/B ratio of 2.59. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 4.21. GNTX's P/B has been as high as 2.97 and as low as 1.89, with a median of 2.41, over the past year.

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