Finding value stocks in today's market is difficult, but not impossible. In our top chart of the day segment, we look at a ratio from Michael Hartnett's -- Chief Investment Strategist at Bank of America -- looking at relative price to book value of the MSCI World Energy Index.

 Msci World Index

Source: Data from MSCI, compiled by Bloomberg.

In January of this year, the relative price to book value dropped below 0.8, reaching its lowest level in almost 14 years. Investors continue to be pessimistic about the energy industry because of worries of dropping crude prices and geopolitical risks over the next year. This presents a quality environment for long-term buy and hold investors looking for market-beating stocks.

This segment is from Tuesday's edition of Digging for Value, in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors @TMFEnergy.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.