Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors. That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have. Today, we wanted to focus on one of these trends in particular. Much like a four-leaf clover or the lost city of Atlantis, the term “value stock” has taken on an almost mythical persona these days. In short, a “value stock” is just any stock that is undervalued in current market conditions. Finding those stocks, however, is much harder said than done. Luckily, we at Zacks have a plethora of data to comb through. Additionally, the Zacks Rank can help us identify which value stocks are the most likely to outperform the market. Below we have highlighted three stocks that currently have an “A” grade for Value in our Style Scores system, as well as a Zacks Rank #1 (Strong Buy) listing. All of these stocks are also currently trading for less than $20 per share. 1. Bridgestone (BRDCY) Price: $18.72 Bridgestone is a Japanese company and a world leader in the automotive parts industry. It is the world’s leading manufacturer of tires. Bridgestone also owns a printing system that allows for on-site creation of vehicle registration forms and license decals. Additionally, the company makes bicycle and golfing gear. Right now, Bridgestone has an impressive P/E ratio of 8.57, as well as a Price/Book ratio of 1.57 and a Price/Sales ratio of 0.95. Aside from its strong value metrics, Bridgestone also has an “A” grade for Growth. Overall, the stock currently has a “A” grade in our VGM category, which takes a weighted average of all the metrics that go into our Style Scores. 2. Navigant Consulting (NCI) Current Price: $15.61 Navigant Consulting is a global management consulting company serving energy-based and other regulated industries. The company provides management consulting services in areas such as business strategy development, marketing and sales, operations management, information technology, and customer care. Navigant currently holds a P/E ratio of 13.83, a PEG ratio of 1.11, a Price/Book ratio of 1.22, and a P/S sales ratio of 0.82. These impressive value metrics have earned it an “A” grade for Value, but it also holds an “A” for Growth. Again, this company’s fundamental data are strong enough to earn it an “A” in our weighted average VGM category. 3. American Eagle Outfitters (AEO) Current Price: $15.97 American Eagle Outfitters is a specialty retailer of casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. The company sources, designs, and markets a line of clothing classics like jeans, khakis, and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. Currently, American Eagle has a P/E ratio of 12.32, a PEG ratio of 1.23, and a P/S ratio of 0.78. The company also holds an impressive EV/EBITDA ratio of 5.26. Again, we are seeing strong value metrics here, but the company also has an “A” grade in Growth and a “B” grade in Momentum. Like the others on this list, AEO also has an “A” in the VGM category. Bottom Line A stock’s market price is not a clear indicator of whether it is a good investment. However, the nice thing about the Zacks Rank is that it can be applied to stocks of any price. Additionally, the Style Scores system, used in conjunction with the Zacks Rank, can help us find stocks that have great metrics in key categories like value. Today, we were able to put this all together and find three stocks with a low price, great value, and a strong Zacks Rank. 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 >>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 AMER EAGLE OUTF (AEO): Free Stock Analysis Report BRIDGESTONE ADR (BRDCY): Free Stock Analysis Report NAVIGANT CONSLT (NCI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research