Do you consider yourself a value investor? If you prefer looking for stocks trading below their fair value, your answer is probably yes.

We ran a screen keeping value investing in mind, beginning with next week's roster of companies reporting their first-quarter earnings.

We then screened these names for those that are technically oversold, with Relative Strength Index readings over the last 14 days below 40. We also screened for those that appear undervalued relative to the Graham Number, a measure of maximum fair value created by the "godfather of value investing" Benjamin Graham.

It is based off of a stock's EPS and book value per share (BVPS).

Graham Number = SQRT(22.5 x TTM EPS x MRQ BVPS)

The equation assumes that P/E should not be higher than 15 and P/BV should not be higher than 1.5. Stocks trading well below their Graham Number may be undervalued.

*Interactive Chart: Press Play to compare changes in market cap over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.*

Do you think these stocks will announce earnings surprises and rise to a fairer value? Use this list as a starting point for your own analysis.

List sorted by potential upside implied by the Graham Number.

** 1. TeleNav, Inc. (NASDAQ:TNAV):** Provides location based services for consumers and enterprises in the United States and internationally. Market cap at $285.10M. Price at $6.67. Earnings to be released on 04/26. RSI(14) at 34.68. Diluted TTM earnings per share at 0.85, and a MRQ book value per share value at 4.91, implies a Graham Number fair value = sqrt(22.5*0.85*4.91) = $9.69. Based on the stock's price at $7., this implies a potential upside of 38.43% from current levels.

** 2. Janus Capital Group, Inc. (NYSE:JNS):** Is a publicly owned asset management holding company. Market cap at $1.52B. Price at $8.05. Earnings to be released on 04/24. RSI(14) at 37.94. Diluted TTM earnings per share at 0.78, and a MRQ book value per share value at 7.02, implies a Graham Number fair value = sqrt(22.5*0.78*7.02) = $11.10. Based on the stock's price at $8.02, this implies a potential upside of 38.4% from current levels.

** 3. Baker Hughes Incorporated (NYSE:BHI):** Supplies wellbore related products, and technology services and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. Market cap at $18.08B. Price at $41.07. Earnings to be released on 04/24. RSI(14) at 37.04. Diluted TTM earnings per share at 3.97, and a MRQ book value per share value at 36.03, implies a Graham Number fair value = sqrt(22.5*3.97*36.03) = $56.73. Based on the stock's price at $41.05, this implies a potential upside of 38.2% from current levels.

** 4. TeleCommunication Systems Inc. (NASDAQ:TSYS):** Develops and applies secure mobile communication technology in the United States and internationally. Market cap at $143.70M. Price at $2.45. Earnings to be released on 04/26. RSI(14) at 37.8. Diluted TTM earnings per share at 0.12, and a MRQ book value per share value at 4.37, implies a Graham Number fair value = sqrt(22.5*0.12*4.37) = $3.43. Based on the stock's price at $2.49, this implies a potential upside of 37.95% from current levels.

** 5. ConocoPhillips (NYSE:COP):** Operates as an integrated energy company worldwide. Market cap at $93.31B. Price at $73.09. Earnings to be released on 04/23. RSI(14) at 38.46. Diluted TTM earnings per share at 8.97, and a MRQ book value per share value at 50.73, implies a Graham Number fair value = sqrt(22.5*8.97*50.73) = $101.19. Based on the stock's price at $73.63, this implies a potential upside of 37.42% from current levels.

** 6. CBIZ, Inc. (NYSE:CBZ):** Provides professional business services, products, and solutions to businesses, individuals, governmental entities, and not-for-profit enterprises in the United States and Canada. Market cap at $304.57M. Price at $6.08. Earnings to be released on 04/25. RSI(14) at 37.83. Diluted TTM earnings per share at 0.57, and a MRQ book value per share value at 5.3, implies a Graham Number fair value = sqrt(22.5*0.57*5.3) = $8.24. Based on the stock's price at $6.21, this implies a potential upside of 32.76% from current levels.

** 7. Newpark Resources Inc. (NYSE:NR):** Provides fluids management, waste disposal, and well site preparation products and services primarily to the oil and gas exploration and production industry. Market cap at $638.51M. Price at $6.97. Earnings to be released on 04/26. RSI(14) at 30.86. Diluted TTM earnings per share at 0.8, and a MRQ book value per share value at 5.43, implies a Graham Number fair value = sqrt(22.5*0.8*5.43) = $9.89. Based on the stock's price at $7.46, this implies a potential upside of 32.52% from current levels.

** 8. Lexmark International Inc. (NYSE:LXK):** Develops, manufactures, and supplies printing and imaging solutions for offices. Market cap at $2.31B. Price at $32.24. Earnings to be released on 04/24. RSI(14) at 32.35. Diluted TTM earnings per share at 4.12, and a MRQ book value per share value at 19.49, implies a Graham Number fair value = sqrt(22.5*4.12*19.49) = $42.51. Based on the stock's price at $32.44, this implies a potential upside of 31.03% from current levels.

** 9. Rush Enterprises, Inc. (NASDAQ:RUSHB):** Operates as an integrated retailer of commercial vehicles and related services in North America. Market cap at $399.74M. Price at $16.06. Earnings to be released on 04/24. RSI(14) at 30.21. Diluted TTM earnings per share at 1.42, and a MRQ book value per share value at 13.91, implies a Graham Number fair value = sqrt(22.5*1.42*13.91) = $21.08. Based on the stock's price at $16.27, this implies a potential upside of 29.57% from current levels.

** 10. Benchmark Electronics Inc. (NYSE:BHE):** Provides electronics manufacturing services in the Americas, Asia, and Europe. Market cap at $881.14M. Price at $15.00. Earnings to be released on 04/26. RSI(14) at 36.65. Diluted TTM earnings per share at 0.87, and a MRQ book value per share value at 19.39, implies a Graham Number fair value = sqrt(22.5*0.87*19.39) = $19.48. Based on the stock's price at $15.1, this implies a potential upside of 29.02% from current levels.

* 11. GrafTech International Ltd. (NYSE:GTI):* Manufactures graphite and carbon material science-based solutions. Market cap at $1.67B. Price at $11.38. Earnings to be released on 04/26. RSI(14) at 36.35. Diluted TTM earnings per share at 1.05, and a MRQ book value per share value at 9.34, implies a Graham Number fair value = sqrt(22.5*1.05*9.34) = $14.85. Based on the stock's price at $11.61, this implies a potential upside of 27.95% from current levels.

* 12. DeVry Inc. (NYSE:DV):* Provides educational services worldwide. Market cap at $2.12B. Price at $32.23. Earnings to be released on 04/24. RSI(14) at 38.96. Diluted TTM earnings per share at 3.38, and a MRQ book value per share value at 20.34, implies a Graham Number fair value = sqrt(22.5*3.38*20.34) = $39.33. Based on the stock's price at $31.82, this implies a potential upside of 23.6% from current levels.

** 13. Cash America International, Inc. (NYSE:CSH):** Provides specialty financial services to individuals primarily in the United States and Mexico. Market cap at $1.32B. Price at $44.70. Earnings to be released on 04/26. RSI(14) at 39.92. Diluted TTM earnings per share at 4.25, and a MRQ book value per share value at 30.88, implies a Graham Number fair value = sqrt(22.5*4.25*30.88) = $54.34. Based on the stock's price at $44.11, this implies a potential upside of 23.19% from current levels.

** 14. Journal Communications Inc. (NYSE:JRN):** Operates as a media and communications company in the United States. Market cap at $259.46M. Price at $4.50. Earnings to be released on 04/26. RSI(14) at 34.09. Diluted TTM earnings per share at 0.4, and a MRQ book value per share value at 3.7, implies a Graham Number fair value = sqrt(22.5*0.4*3.7) = $5.77. Based on the stock's price at $4.7, this implies a potential upside of 22.78% from current levels.

** 15. AFLAC Inc. (NYSE:AFL):** Provides supplemental health and life insurance. Market cap at $19.99B. Price at $42.47. Earnings to be released on 04/24. RSI(14) at 36.57. Diluted TTM earnings per share at 4.18, and a MRQ book value per share value at 28.96, implies a Graham Number fair value = sqrt(22.5*4.18*28.96) = $52.19. Based on the stock's price at $42.88, this implies a potential upside of 21.71% from current levels.

*BVPS and EPS data sourced from Yahoo! Finance, all other data sourced from Finviz.

**Disclosure: **I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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