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.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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 stock to keep an eye on is Methanex (MEOH). MEOH is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 12.29, while its industry has an average P/E of 14.61. MEOH's Forward P/E has been as high as 19.13 and as low as 9.66, with a median of 14.52, all within the past year.

Investors should also recognize that MEOH has a P/B ratio of 1.39. The P/B ratio pits a stock's market value against 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 1.74. Over the past year, MEOH's P/B has been as high as 1.67 and as low as 1.08, with a median of 1.38.

Finally, investors should note that MEOH has a P/CF ratio of 5.92. 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. MEOH's current P/CF looks attractive when compared to its industry's average P/CF of 9.43. Within the past 12 months, MEOH's P/CF has been as high as 6.73 and as low as 4.54, with a median of 5.64.

These are just a handful of the figures considered in Methanex'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 MEOH is an impressive value stock right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Methanex Corporation (MEOH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research