Core Insights - Investors in the Retail - Apparel and Shoes sector should consider Gap (GAP) and Deckers (DECK) for potential value opportunities [1] Valuation Metrics - Gap has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to Deckers, which has a Zacks Rank of 3 (Hold) [3] - Gap's forward P/E ratio is 11.61, while Deckers has a forward P/E of 12.98 [5] - Gap's PEG ratio is 2.76, compared to Deckers' PEG ratio of 3.75, suggesting Gap may be more undervalued relative to its expected earnings growth [5] - Gap's P/B ratio is 2.52, significantly lower than Deckers' P/B of 4.91, indicating a better valuation relative to book value [6] - These metrics contribute to Gap earning a Value grade of A, while Deckers received a Value grade of C [6] Investment Strategy - A combination of a strong Zacks Rank and favorable Value grade is suggested as an effective strategy for identifying value stocks [2] - Traditional figures and metrics are essential for value investors to assess whether a company is undervalued at its current share price [3][4]