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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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.

Northeast Community Bancorp (NECB) is a stock many investors are watching right now. NECB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 7.99 right now. For comparison, its industry sports an average P/E of 10.95. Over the past year, NECB's Forward P/E has been as high as 10.12 and as low as 5.92, with a median of 7.56.

Investors should also recognize that NECB has a P/B ratio of 1.10. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. NECB's current P/B looks attractive when compared to its industry's average P/B of 1.32. Over the past year, NECB's P/B has been as high as 1.41 and as low as 0.73, with a median of 1.

Finally, our model also underscores that NECB has a P/CF ratio of 6.79. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 13.43. Over the past year, NECB's P/CF has been as high as 8.35 and as low as 4.12, with a median of 5.74.

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

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