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.

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 stock to keep an eye on is Air China (AIRYY). AIRYY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 9.69 right now. For comparison, its industry sports an average P/E of 16.75. Over the last 12 months, AIRYY's Forward P/E has been as high as 41.11 and as low as 9.69, with a median of 15.41.

Another valuation metric that we should highlight is AIRYY's P/B ratio of 1.41. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.44. Over the past year, AIRYY's P/B has been as high as 2.83 and as low as 1.41, with a median of 1.82.

These are only a few of the key metrics included in Air China's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, AIRYY looks like an impressive value stock at the moment.

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Air China Ltd. (AIRYY):Free Stock Analysis Report

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