Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.

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.

Hannover Ruck (HVRRY) is a stock many investors are watching right now. HVRRY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 13.20, which compares to its industry's average of 20.50. Over the past year, HVRRY's Forward P/E has been as high as 14.30 and as low as 11.07, with a median of 12.72.

Another valuation metric that we should highlight is HVRRY's P/B ratio of 2.95. The P/B ratio is used to compare a stock's market value with 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 6.08. Over the past year, HVRRY's P/B has been as high as 2.95 and as low as 2.26, with a median of 2.58.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. HVRRY has a P/S ratio of 1.17. This compares to its industry's average P/S of 2.06.

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

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