Core Insights - The article emphasizes the importance of the Zacks Rank system, which focuses on earnings estimates and revisions to identify strong stocks [1] - Value investing is highlighted as a preferred strategy for finding undervalued stocks through fundamental analysis and traditional valuation metrics [2] - Zacks has developed the Style Scores system to identify stocks with specific traits, particularly those with high grades in the "Value" category [3] Company Analysis: Flex (FLEX) - Flex (FLEX) currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong investment potential [4] - The stock is trading at a P/E ratio of 17.68, significantly lower than the industry average of 23.51, suggesting it may be undervalued [4] - FLEX's Forward P/E has fluctuated between 9.39 and 17.68 over the past 12 months, with a median of 13.66 [4] - The PEG ratio for FLEX is 1.69, compared to the industry average of 2.13, indicating a favorable valuation relative to expected earnings growth [5] - Over the past 52 weeks, FLEX's PEG has ranged from 1.28 to 2.24, with a median of 1.65 [5] - The P/S ratio for FLEX is 0.77, which is lower than the industry's average P/S of 1.27, further supporting the notion of undervaluation [6] - These metrics collectively suggest that FLEX is likely undervalued and presents an impressive value opportunity at the moment [7]