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.

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 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.

One company to watch right now is Maximus (MMS). MMS is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 12.85 right now. For comparison, its industry sports an average P/E of 13.26. Over the last 12 months, MMS's Forward P/E has been as high as 15.98 and as low as 11.84, with a median of 14.79.

Another notable valuation metric for MMS is its P/B ratio of 2.46. 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. This stock's P/B looks solid versus its industry's average P/B of 2.62. Within the past 52 weeks, MMS's P/B has been as high as 3.11 and as low as 2.28, with a median of 2.91.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. MMS has a P/S ratio of 0.82. This compares to its industry's average P/S of 0.96.

Finally, investors should note that MMS has a P/CF ratio of 10.55. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. MMS's P/CF compares to its industry's average P/CF of 11.69. Within the past 12 months, MMS's P/CF has been as high as 15.79 and as low as 9.78, with a median of 12.99.

These are just a handful of the figures considered in Maximus's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that MMS is an impressive value stock right now.

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