Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is Ahold NV (ADRNY). ADRNY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 13.49. This compares to its industry's average Forward P/E of 16.85. Over the past 52 weeks, ADRNY's Forward P/E has been as high as 14.33 and as low as 11.79, with a median of 13.32.

We also note that ADRNY holds a PEG ratio of 1.90. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ADRNY's PEG compares to its industry's average PEG of 2.55. Within the past year, ADRNY's PEG has been as high as 1.99 and as low as 1.24, with a median of 1.44.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. ADRNY has a P/S ratio of 0.38. This compares to its industry's average P/S of 1.03.

Finally, investors will want to recognize that ADRNY has a P/CF ratio of 7.21. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 9.09. Over the past year, ADRNY's P/CF has been as high as 7.53 and as low as 5.82, with a median of 6.79.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Ahold NV is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ADRNY feels like a great value stock at the moment.

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