In a recent piece for Seeking Alpha, Validea CEO John Reese says to forget the “bubble” talk — he says values remain in the stock market, and he highlights one area in particular in which they are plentiful: construction and agricultural machinery.

“With an average PE-to-growth ratio of 0.60 and an average price/sales ratio of 1.1, the industry is one of the highest rated by my Validea Value Index,” Reese writes. “Many of the stocks in this industry have been hit hard thanks to concerns about slowing global growth (especially in China). But value investing is about finding beaten-down stocks whose shares have been hit harder than their fundamentals merit.”

Reese looks at a handful of stocks from the industry that get high scores from his Guru Strategies, each of which is based on the approach of a different investing great. Among the stocks: Omaha-based Lindsay Corporation, which passes his Peter Lynch-inspired model.