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.

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

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 to watch right now is Makita (MKTAY). MKTAY is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value.

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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. MKTAY has a P/S ratio of 1.65. This compares to its industry's average P/S of 1.73.

Finally, investors will want to recognize that MKTAY has a P/CF ratio of 13.11. 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. MKTAY's P/CF compares to its industry's average P/CF of 20.24. MKTAY's P/CF has been as high as 18.19 and as low as 12.75, with a median of 14.45, all within the past year.

Value investors will likely look at more than just these metrics, but the above data helps show that Makita is likely undervalued currently. And when considering the strength of its earnings outlook, MKTAY sticks out at as one of the market's strongest value stocks.

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