Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore 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.

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 Mitsubishi (MSBHF Quick QuoteMSBHF - Free Report) . MSBHF is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value.

Investors should also recognize that MSBHF has a P/B ratio of 1.44. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. MSBHF's current P/B looks attractive when compared to its industry's average P/B of 2.10. Over the past 12 months, MSBHF's P/B has been as high as 1.44 and as low as 0.64, with a median of 1.10.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by 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. MSBHF has a P/S ratio of 0.84. This compares to its industry's average P/S of 1.02.

These are just a handful of the figures considered in Mitsubishi's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that MSBHF is an impressive value stock right now.