Value investing is a time-honored tradition -- in fact, some of the most successful investors of all time, like Warren Buffett, Benjamin Graham, and Bill Miller, are primarily known as value investors. Value investors focus on finding stocks that are underappreciated by the broader market and thus underpriced. These stocks are overlooked by other investors for one reason or another, and value investors believe that they will increase in price once the market comes around to them.

While the legendary investors mentioned above have massive portfolios, you don't need a $300 billion portfolio like Buffett's Berkshire Hathaway to get started as a value investor. If you have $5,000 available that's not already committed to paying bills, paying down debt, or boosting an emergency fund, here are three great value stocks trading at bargain valuations to consider. Any one of them can help you start or boost your own value portfolio right now.

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Source Fool.com