While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is China Cosco Holdings (CICOY Quick QuoteCICOY - Free Report) . CICOY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 9.47 right now. For comparison, its industry sports an average P/E of 10.73. Over the past year, CICOY's Forward P/E has been as high as 226.71 and as low as -768.42, with a median of 23.56.

Another notable valuation metric for CICOY is its P/B ratio of 0.55. 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. CICOY's current P/B looks attractive when compared to its industry's average P/B of 1. Within the past 52 weeks, CICOY's P/B has been as high as 0.70 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.