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.

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.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One stock to keep an eye on is Helen of Troy (HELE). HELE is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.

We also note that HELE holds a PEG ratio of 1.50. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. HELE's industry currently sports an average PEG of 1.71. Within the past year, HELE's PEG has been as high as 1.73 and as low as 0.79, with a median of 1.21.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. HELE has a P/S ratio of 0.68. This compares to its industry's average P/S of 1.13.

These are just a handful of the figures considered in Helen of Troy'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 HELE is an impressive value stock right now.

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Helen of Troy Limited (HELE) : Free Stock Analysis Report

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

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