Investors interested in Retail - Apparel and Shoes stocks are likely familiar with Foot Locker (FL) and Canada Goose (GOOS). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.Currently, Foot Locker has a Zacks Rank of #2 (Buy), while Canada Goose has a Zacks Rank of #5 (Strong Sell). Investors should feel comfortable knowing that FL likely has seen a stronger improvement to its earnings outlook than GOOS has recently. But this is only part of the picture for value investors.Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its 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.FL currently has a forward P/E ratio of 7.83, while GOOS has a forward P/E of 27.01. We also note that FL has a PEG ratio of 0.88. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. GOOS currently has a PEG ratio of 1.23.Another notable valuation metric for FL is its P/B ratio of 1.70. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, GOOS has a P/B of 12.52.These are just a few of the metrics contributing to FL's Value grade of A and GOOS's Value grade of F.FL is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that FL is likely the superior value option right now.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 Foot Locker, Inc. (FL): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report To read this article on Zacks.com click here.