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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

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 GIII Apparel Group (GIII Quick QuoteGIII - Free Report) . GIII is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9.14, while its industry has an average P/E of 15.06. Over the past year, GIII's Forward P/E has been as high as 9.51 and as low as 5.04, with a median of 7.37.

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. GIII has a P/S ratio of 0.41. This compares to its industry's average P/S of 0.56.

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