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 to watch right now is SSAB (SSAAY Quick QuoteSSAAY - Free Report) . SSAAY is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 7.54, which compares to its industry's average of 11.42. SSAAY's Forward P/E has been as high as 14.36 and as low as 6.79, with a median of 8.12, all within the past year.

These figures are just a handful of the metrics value investors tend to look at, but they help show that SSAB is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SSAAY feels like a great value stock at the moment.