Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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 Barratt Developments PLC Unsponsored ADR (BTDPY Quick QuoteBTDPY - Free Report) . BTDPY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.01, while its industry has an average P/E of 18.40. BTDPY's Forward P/E has been as high as 9.62 and as low as 6.35, with a median of 8.94, all within the past year.

Investors should also note that BTDPY holds a PEG ratio of 1.22. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. BTDPY's PEG compares to its industry's average PEG of 2.94. Over the past 52 weeks, BTDPY's PEG has been as high as 1.32 and as low as 1.22, with a median of 1.23.

These are just a handful of the figures considered in Barratt Developments PLC Unsponsored ADR'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 BTDPY is an impressive value stock right now.