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.

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 Energizer (ENR). ENR 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 7.68. This compares to its industry's average Forward P/E of 20.58. ENR's Forward P/E has been as high as 10.91 and as low as 7.68, with a median of 8.83, all within the past year.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ENR has a P/S ratio of 0.67. This compares to its industry's average P/S of 0.73.

Finally, our model also underscores that ENR has a P/CF ratio of 7.14. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ENR's P/CF compares to its industry's average P/CF of 14.51. Over the past 52 weeks, ENR's P/CF has been as high as 10.97 and as low as 7.14, with a median of 8.99.

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

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Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report

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

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