Over the past three years, value stocks have outperformed growth stocks across the board, from large-caps on down. That should come as no surprise because there have been two bear markets during that time, and value investments tend to lead the way during down markets.

That dynamic has started to shift somewhat in 2023. But with economic uncertainty in the near term, and the market still overvalued as measured by the Shiller price-to-earnings (P/E) ratio -- which looks at inflation-adjusted earnings over the past 10 years -- value is still a pretty good bet. The key is to find stocks that are good values and have solid earnings growth potential. Here are two good options.

CPI Card Group (NASDAQ: PMTS) is a small-cap stock that you may not have heard of, but it is one worth researching because there is a lot to like about it. CPI Card Group is one of the leading manufacturers of payment cards -- of all stripes, including credit, debit, prepaid, and digital and on-demand cards -- through its software-as-a-service (SaaS) offering. Its customers are banks, credit card issuers, payment card issuers, credit unions, fintechs, and others.

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Source Fool.com