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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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.

China Cosco Holdings (CICOY Quick QuoteCICOY - Free Report) is a stock many investors are watching right now. CICOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 8.07, which compares to its industry's average of 12.24. Over the past 52 weeks, CICOY's Forward P/E has been as high as 226.71 and as low as -768.42, with a median of 25.91.

Another valuation metric that we should highlight is CICOY's P/B ratio of 0.53. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. CICOY's current P/B looks attractive when compared to its industry's average P/B of 0.91. Over the past year, CICOY's P/B has been as high as 0.90 and as low as 0.51, with a median of 0.59.

These are only a few of the key metrics included in China Cosco Holdings'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, CICOY looks like an impressive value stock at the moment.