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.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Ricoh Co. (RICOY). RICOY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 14.23 right now. For comparison, its industry sports an average P/E of 21.93. Over the last 12 months, RICOY's Forward P/E has been as high as 15.59 and as low as 10.85, with a median of 13.70.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. RICOY has a P/S ratio of 0.35. This compares to its industry's average P/S of 0.36.

Finally, our model also underscores that RICOY has a P/CF ratio of 5.12. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 9.13. Within the past 12 months, RICOY's P/CF has been as high as 5.13 and as low as 3.65, with a median of 4.45.

These are just a handful of the figures considered in Ricoh Co.'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 RICOY 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

Ricoh Co. (RICOY):Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research