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.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader 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.

HF FOODS GROUP (HFFG) is a stock many investors are watching right now. HFFG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 6.49. This compares to its industry's average Forward P/E of 16.06. Over the past year, HFFG's Forward P/E has been as high as 14.56 and as low as 3.67, with a median of 7.15.

Another notable valuation metric for HFFG is its P/B ratio of 0.80. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.99. Over the past year, HFFG's P/B has been as high as 1.07 and as low as 0.37, with a median of 0.61.

Finally, investors should note that HFFG has a P/CF ratio of 7.85. 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. HFFG's current P/CF looks attractive when compared to its industry's average P/CF of 14.04. Within the past 12 months, HFFG's P/CF has been as high as 10.56 and as low as 3.66, with a median of 5.95.

These are just a handful of the figures considered in HF FOODS GROUP'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 HFFG is an impressive value stock right now.

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

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