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, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 value investors might notice is SSAB $(SSAAY)$. SSAAY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.26. This compares to its industry's average Forward P/E of 10.35. Over the past year, SSAAY's Forward P/E has been as high as 14.36 and as low as 6.49, with a median of 7.88.

Another notable valuation metric for SSAAY is its P/B ratio of 0.89. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.34. Within the past 52 weeks, SSAAY's P/B has been as high as 1.10 and as low as 0.57, with a median of 0.80.

Finally, our model also underscores that SSAAY has a P/CF ratio of 5.91. 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. SSAAY's P/CF compares to its industry's average P/CF of 12.24. Within the past 12 months, SSAAY's P/CF has been as high as 7.25 and as low as 3.19, with a median of 3.99.

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

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

Zacks Investment Research