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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company value investors might notice is BorgWarner (BWA Quick QuoteBWA - Free Report) . BWA is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 9.26 right now. For comparison, its industry sports an average P/E of 16.81. Over the last 12 months, BWA's Forward P/E has been as high as 9.34 and as low as 5.66, with a median of 7.41.

Another valuation metric that we should highlight is BWA's P/B ratio of 1.58. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. BWA's current P/B looks attractive when compared to its industry's average P/B of 3.60. Over the past 12 months, BWA's P/B has been as high as 1.58 and as low as 0.93, with a median of 1.21.

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