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.

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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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 Northeast Community Bancorp (NECB). NECB is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 6.78, while its industry has an average P/E of 9.19. Over the past 52 weeks, NECB's Forward P/E has been as high as 8.37 and as low as 5.61, with a median of 6.79.

We should also highlight that NECB has a P/B ratio of 0.93. Investors use the P/B ratio to look at a stock's market value versus 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 1.26. NECB's P/B has been as high as 0.99 and as low as 0.73, with a median of 0.85, over the past year.

Finally, investors will want to recognize that NECB has a P/CF ratio of 5.28. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 11.53. Over the past 52 weeks, NECB's P/CF has been as high as 6.04 and as low as 4.12, with a median of 5.05.

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

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Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report