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, 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.

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 to watch right now is BM European Value Retail SA Unsponsored ADR (BMRRY Quick QuoteBMRRY - Free Report) . BMRRY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 12.73 right now. For comparison, its industry sports an average P/E of 17.39. Over the last 12 months, BMRRY's Forward P/E has been as high as 19.01 and as low as 9.72, with a median of 15.64.

BMRRY is also sporting a PEG ratio of 1.07. 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. BMRRY's industry currently sports an average PEG of 1.61. Over the past 52 weeks, BMRRY's PEG has been as high as 1.58 and as low as 0.81, with a median of 1.33.

Value investors will likely look at more than just these metrics, but the above data helps show that BM European Value Retail SA Unsponsored ADR is likely undervalued currently. And when considering the strength of its earnings outlook, BMRRY sticks out at as one of the market's strongest value stocks.