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.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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.

One company value investors might notice is Xtep International (XTEPY Quick QuoteXTEPY - Free Report) . XTEPY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 10.05. This compares to its industry's average Forward P/E of 19.66. Over the last 12 months, XTEPY's Forward P/E has been as high as 12.06 and as low as 7.69, with a median of 9.37.

Another valuation metric that we should highlight is XTEPY's P/B ratio of 1.78. Investors use the P/B ratio to look at a stock's market value versus 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 4.12. XTEPY's P/B has been as high as 1.91 and as low as 1.12, with a median of 1.52, over the past year.

These are only a few of the key metrics included in Xtep International's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, XTEPY looks like an impressive value stock at the moment.