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.

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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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 value investors might notice is RPC (RES). RES is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value.

Investors should also recognize that RES has a P/B ratio of 0.91. 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 company's current P/B looks solid when compared to its industry's average P/B of 2.65. RES's P/B has been as high as 1.43 and as low as 0.88, with a median of 1.08, over the past year.

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 preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. RES has a P/S ratio of 0.78. This compares to its industry's average P/S of 1.26.

Finally, investors will want to recognize that RES has a P/CF ratio of 4.93. 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. RES's P/CF compares to its industry's average P/CF of 10.76. Over the past 52 weeks, RES's P/CF has been as high as 6.73 and as low as 4.33, with a median of 5.19.

These are just a handful of the figures considered in RPC'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 RES is an impressive value stock right now.

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RPC, Inc. (RES): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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