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.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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 stock to keep an eye on is Synnex (SNX Quick QuoteSNX - Free Report) . SNX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9.04, while its industry has an average P/E of 23.96. SNX's Forward P/E has been as high as 12.75 and as low as 4.67, with a median of 9.04, all within the past year.

SNX is also sporting a PEG ratio of 0.96. 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. SNX's industry currently sports an average PEG of 2.21. SNX's PEG has been as high as 1.36 and as low as 0.45, with a median of 0.88, all within the past year.

These are only a few of the key metrics included in Synnex'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, SNX looks like an impressive value stock at the moment.