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.

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.

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 AXA Equitable Holdings, Inc. (EQH). EQH is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 5.12. This compares to its industry's average Forward P/E of 10.28. Over the past year, EQH's Forward P/E has been as high as 6.05 and as low as 3.81, with a median of 5.34.

Investors should also note that EQH holds a PEG ratio of 0.70. 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. EQH's industry currently sports an average PEG of 1.19. Within the past year, EQH's PEG has been as high as 0.70 and as low as 0.33, with a median of 0.44.

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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. EQH has a P/S ratio of 0.9. This compares to its industry's average P/S of 1.83.

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

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