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.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One stock to keep an eye on is Kohl's (KSS Quick QuoteKSS - Free Report) . KSS is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

We should also highlight that KSS has a P/B ratio of 0.49. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.08. Over the past year, KSS's P/B has been as high as 0.61 and as low as 0.18, with a median of 0.37.

Finally, investors will want to recognize that KSS has a P/CF ratio of 2.13. 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. This stock's P/CF looks attractive against its industry's average P/CF of 3.67. KSS's P/CF has been as high as 2.28 and as low as 0.81, with a median of 1.55, all within the past year.

These are just a handful of the figures considered in Kohl's'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 KSS is an impressive value stock right now.