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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Sibanye Gold Limited (SBSW). SBSW is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 3.59, while its industry has an average P/E of 8.10. Over the past year, SBSW's Forward P/E has been as high as 6.84 and as low as 2.95, with a median of 4.37.

Another valuation metric that we should highlight is SBSW's P/B ratio of 3.35. 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 stock's P/B looks attractive against its industry's average P/B of 3.36. Over the past year, SBSW's P/B has been as high as 4.49 and as low as 2.18, with a median of 3.13.

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

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