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.

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 company value investors might notice is ENGIE - Sponsored ADR $(ENGIY)$. ENGIY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 10.65. This compares to its industry's average Forward P/E of 14.50. Over the past 52 weeks, ENGIY's Forward P/E has been as high as 10.65 and as low as 6.67, with a median of 8.78.

Investors should also recognize that ENGIY has a P/B ratio of 1.06. 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. This stock's P/B looks attractive against its industry's average P/B of 2.27. ENGIY's P/B has been as high as 1.07 and as low as 0.86, with a median of 0.97, over the past year.

These are only a few of the key metrics included in ENGIE - Sponsored ADR'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, ENGIY looks like an impressive value stock at the moment.

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This article originally published on Zacks Investment Research (zacks.com).

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