While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. 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.

Yum China (YUMC Quick QuoteYUMC - Free Report) is a stock many investors are watching right now. YUMC is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 16, while its industry has an average P/E of 22.46. Over the last 12 months, YUMC's Forward P/E has been as high as 21.09 and as low as 14.45, with a median of 17.76.

Finally, our model also underscores that YUMC has a P/CF ratio of 11.87. 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. This stock's P/CF looks attractive against its industry's average P/CF of 20.41. Within the past 12 months, YUMC's P/CF has been as high as 14.79 and as low as 10.47, with a median of 12.61.

These are only a few of the key metrics included in Yum China'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, YUMC looks like an impressive value stock at the moment.