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

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 stock to keep an eye on is Kamada (KMDA). KMDA is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value.

We should also highlight that KMDA has a P/B ratio of 2.10. The P/B ratio pits a stock's market value against 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 3.40. Within the past 52 weeks, KMDA's P/B has been as high as 2.68 and as low as 1.79, with a median of 2.27.

Finally, investors will want to recognize that KMDA has a P/CF ratio of 9.08. 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. KMDA's current P/CF looks attractive when compared to its industry's average P/CF of 19.92. Over the past 52 weeks, KMDA's P/CF has been as high as 20.51 and as low as 7.76, with a median of 13.71.

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

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