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.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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 company to watch right now is Orix Corp Ads (IX). IX is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 9.02, which compares to its industry's average of 15.11. Over the past year, IX's Forward P/E has been as high as 12.39 and as low as 8.44, with a median of 9.51.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. IX has a P/S ratio of 1.3. This compares to its industry's average P/S of 2.01.

Finally, we should also recognize that IX has a P/CF ratio of 4.88. 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. IX's current P/CF looks attractive when compared to its industry's average P/CF of 16.26. Within the past 12 months, IX's P/CF has been as high as 5.77 and as low as 4.31, with a median of 5.06.

These are just a handful of the figures considered in Orix Corp Ads'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 IX is an impressive value stock right now.

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