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.

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.

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 CACI International (CACI). CACI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 16.85. This compares to its industry's average Forward P/E of 18.56. Over the past 52 weeks, CACI's Forward P/E has been as high as 20.63 and as low as 13.45, with a median of 17.30.

We should also highlight that CACI has a P/B ratio of 1.98. 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. CACI's current P/B looks attractive when compared to its industry's average P/B of 3.24. CACI's P/B has been as high as 2.33 and as low as 1.55, with a median of 1.96, over the past year.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CACI has a P/S ratio of 0.96. This compares to its industry's average P/S of 1.24.

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

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