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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company value investors might notice is Subaru Corporation (FUJHY). FUJHY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 5.93 right now. For comparison, its industry sports an average P/E of 7.99. FUJHY's Forward P/E has been as high as 7.43 and as low as 5.29, with a median of 6.55, all within the past year.

Investors should also note that FUJHY holds a PEG ratio of 0.24. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. FUJHY's industry has an average PEG of 0.47 right now. FUJHY's PEG has been as high as 0.33 and as low as 0.21, with a median of 0.27, all within the past year.

Investors should also recognize that FUJHY has a P/B ratio of 0.86. 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. This stock's P/B looks attractive against its industry's average P/B of 0.90. FUJHY's P/B has been as high as 1.09 and as low as 0.74, with a median of 0.94, over the past year.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. FUJHY has a P/S ratio of 0.45. This compares to its industry's average P/S of 0.72.

Finally, investors should note that FUJHY has a P/CF ratio of 3.23. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 4.65. Over the past year, FUJHY's P/CF has been as high as 4.44 and as low as 2.78, with a median of 3.75.