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.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.AGNC Investment (AGNC) is a stock many investors are watching right now. AGNC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 5.12. This compares to its industry's average Forward P/E of 8.82. Over the past year, AGNC's Forward P/E has been as high as 7.64 and as low as 4.61, with a median of 5.90.Another valuation metric that we should highlight is AGNC's P/B ratio of 0.94. The P/B ratio pits a stock's market value against 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 1.42. Over the past year, AGNC's P/B has been as high as 1.02 and as low as 0.70, with a median of 0.89.Another great REIT and Equity Trust stock you could consider is Western Asset Mortgage Capital (WMC), which is a # 2 (Buy) stock with a Value Score of A.Western Asset Mortgage Capital also has a P/B ratio of 0.58 compared to its industry's price-to-book ratio of 1.42. Over the past year, its P/B ratio has been as high as 0.78, as low as 0.43, with a median of 0.59.These are only a few of the key metrics included in AGNC Investment and Western Asset Mortgage Capital strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, AGNC and WMC look like an impressive value stock at the moment. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special 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 AGNC Investment Corp. (AGNC): Free Stock Analysis Report Western Asset Mortgage Capital Corporation (WMC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research