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.

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 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 Great Elm Capital Group (GECC Quick QuoteGECC - Free Report) . GECC is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 7.8, while its industry has an average P/E of 13.29. Over the last 12 months, GECC's Forward P/E has been as high as 8.02 and as low as 6.34, with a median of 7.06.

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. GECC has a P/S ratio of 1.59. This compares to its industry's average P/S of 2.44.

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