Investors with an interest in Internet - Content stocks have likely encountered both Yelp (YELP) and RELX PLC (RELX). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Right now, Yelp is sporting a Zacks Rank of #2 (Buy), while RELX PLC has a Zacks Rank of #4 (Sell). Investors should feel comfortable knowing that YELP likely has seen a stronger improvement to its earnings outlook than RELX has recently. But this is only part of the picture for value investors.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

YELP currently has a forward P/E ratio of 16.41, while RELX has a forward P/E of 30.45. We also note that YELP has a PEG ratio of 0.82. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. RELX currently has a PEG ratio of 3.38.

Another notable valuation metric for YELP is its P/B ratio of 3.1. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, RELX has a P/B of 32.45.

These are just a few of the metrics contributing to YELP's Value grade of A and RELX's Value grade of D.

YELP stands above RELX thanks to its solid earnings outlook, and based on these valuation figures, we also feel that YELP is the superior value option right now.

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Yelp Inc. (YELP):Free Stock Analysis Report

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

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