Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 value investors might notice is Hennes & Mauritz (HNNMY). HNNMY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.

Investors should also recognize that HNNMY has a P/B ratio of 4.28. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. HNNMY's current P/B looks attractive when compared to its industry's average P/B of 5. HNNMY's P/B has been as high as 6.68 and as low as 4.01, with a median of 5.08, over the past year.

Finally, we should also recognize that HNNMY has a P/CF ratio of 6.78. 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. This company's current P/CF looks solid when compared to its industry's average P/CF of 13.76. Over the past year, HNNMY's P/CF has been as high as 9.31 and as low as 6.23, with a median of 7.75.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Hennes & Mauritz is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, HNNMY feels like a great value stock at the moment.

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

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