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.

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.

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 to watch right now is Jones Lang LaSalle (JLL Quick QuoteJLL - Free Report) . JLL is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 13.04, which compares to its industry's average of 19.04. Over the last 12 months, JLL's Forward P/E has been as high as 17.33 and as low as 11.17, with a median of 13.90.

We also note that JLL holds a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. JLL's PEG compares to its industry's average PEG of 2.17. Within the past year, JLL's PEG has been as high as 1.60 and as low as 1.02, with a median of 1.31.

These are only a few of the key metrics included in Jones Lang LaSalle's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, JLL looks like an impressive value stock at the moment.