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

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.

One company value investors might notice is El Pollo Loco (LOCO Quick QuoteLOCO - Free Report) . LOCO is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 10.8, while its industry has an average P/E of 19.90. Over the past year, LOCO's Forward P/E has been as high as 15.97 and as low as 9.83, with a median of 12.16.

Finally, we should also recognize that LOCO has a P/CF ratio of 7.12. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. LOCO's P/CF compares to its industry's average P/CF of 18.17. Over the past year, LOCO's P/CF has been as high as 10.11 and as low as 6.32, with a median of 7.83.

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