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.

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 BancorpSouth Bank (CADE). CADE is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.45 right now. For comparison, its industry sports an average P/E of 9.18. Over the past year, CADE's Forward P/E has been as high as 13.25 and as low as 7.31, with a median of 9.46.

Another valuation metric that we should highlight is CADE's P/B ratio of 0.68. 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. This company's current P/B looks solid when compared to its industry's average P/B of 1.82. Within the past 52 weeks, CADE's P/B has been as high as 1.21 and as low as 0.56, with a median of 0.66.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CADE has a P/S ratio of 1.78. This compares to its industry's average P/S of 2.83.

Finally, investors should note that CADE has a P/CF ratio of 9.47. 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 11.81. CADE's P/CF has been as high as 17.33 and as low as 7.60, with a median of 9.89, all within the past year.

These are just a handful of the figures considered in BancorpSouth Bank's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CADE is an impressive value stock right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Cadence Bank (CADE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research