There has been a lot of whining among investors that there are no values in the stock market anymore.

Most of the big cap, well known names, appear to be overvalued with forward P/Es of the glamour stocks, such as Amazon and Facebook, of well over 25x.

But that just means investors don't know where to look.

Large cap growth stocks have been "in" for the last 2 years. Meanwhile, the small cap companies have been ignored by Wall Street during that time period.

The large caps are now considered by most to be fairly valued or, actually, slightly on the expensive side as the S&P 500 trades with a forward P/E of 18.

The small cap index, the Russell 2000, however, is trading with a lower valuation, with a forward P/E of 17.3.

And if you drill down into the value component of the Russell, it is even cheaper.

The Vanguard Small Cap Value Index (VBR), which is designed to track the CRSP US Small Cap Value Index, has a trailing P/E of 16 as of Apr 30, 2016.

If you're looking for value, small caps are the place to be.

What About Performance?

The large cap stocks have outperformed the last two years, but over longer time periods, the small caps, and in particular, small cap value stocks, have tended to have the top performance.

In a comparison over the last 10 years, the Vanguard Small Cap Value ETF (VBR) easily beats the performance of the S&P 500 with a return of 88% versus the S&P 500's 56%.

But what about dividends?

Most investors believe that the large caps pay high dividends and the small caps pay next to nothing so they stick with the large caps.

But the trailing dividend yield of the SPDR S&P 500 ETF (SPY) is 2.1% as of Apr 30, 2016 while the trailing dividend yield of the Vanguard Small Cap ETF is 2.17%.

There's really no excuse to avoid the small cap value stocks.

5 Top Small Cap Value Stocks

If you want to buy individual value stocks, and not the indexes, there are a lot of names that are attractive.

But instead of sorting through dozens of names yourself to try and find the best small caps, I ran a screen to find the top stocks for you.

I combined a high Zacks Rank of #1 (Strong Buy) or #2 (Buy) along with a forward P/E under 15. I looked for companies with a market cap under $1.5 billion.

You can see from these 5 that there are also other strong value fundamentals in addition to a low P/E, such as a price-to-book ratio under 3.0 and a price-to-sales ratio under 1.0.

And all of them also happen to have strong earnings growth as well, even though I didn't even screen for that metric.

Small cap value WITH growth? What's not to like?

1. Kindred Healthcare, Inc. (KND - Snapshot Report)

Kindred Healthcare provides integrated care for people with post-acute and chronic care needs. It has 3 big growth components: home health, hospice and inpatient rehab.

It operates 2,700 locations in 46 states, including in transitional hospitals, inpatient rehab hospitals, nursing centers, sub-acute units, Kindred at Home health, hospice and non-medical home care sites, and hospital based rehab units.

In May 2016, when it reported its first quarter results, it re-affirmed full year guidance.

Forward P/E = 14.4
Price-to-Book = 0.7
Price-to-Sales = 0.2

2016 EPS growth expected: - 28.9%
2017 EPS growth expected: 9.1%

Dividend yield: 3.7%
Market Cap = $1.1 billion
Zacks Rank #2 (Buy)

2. Air Methods Corporation (AIRM - Snapshot Report)

Air Methods is the largest provider of air medical transport services in the United States. It has a fleet of about 500 helicopters and fixed wing aircraft.

In addition to medical services it also provides tourism transportation in Hawaii and the Las Vegas/Grand Canyon region.

It posted a big beat in the first quarter as it kept costs down, including fuel. It has hedged its 2016 fuel. The company also benefited from a post-January rebound in pricing.

Forward P/E = 10.3
Price-to-Book = 2.5
Price-to-Sales = 1.3

2016 EPS growth expected: 22.2%
2017 EPS growth expected: 9.5%

Dividend yield: N/A
Market Cap = $1.4 billion
Zacks Rank #1 (Strong Buy)

3. Superior Industries International, Inc. (SUP - Analyst Report)

Superior Industries is the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America.

In April 2016, it reported strong first quarter results and raised full year guidance but the outlook remains conservative for the second half of the year, depending on auto sales.

Forward P/E = 14.7
Price-to-Book = 1.6
Price-to-Sales = 0.9

2016 EPS growth expected: 80%
2017 EPS growth expected: 11%

Dividend yield: 2.7%
Market Cap = $672 million
Zacks Rank #1 (Strong Buy)

4. Tutor Perini Corporation (TPC - Snapshot Report)

Tutor Perini is civil and building construction company, including on big public works projects like the San Francisco subway extension as well as stadium and hotel projects. It recently won the $285 million Pechanga Resort and Casino expansion project in California.

Backlog as of the end of the first quarter rose 4.8% year over year to $8.2 billion and was up 9% quarter over quarter. It's the first year over year improvement in three quarters. The upcoming bid pipeline also remains very attractive.

Forward P/E = 9.7
Price-to-Book = 0.7
Price-to-Sales = 0.2

2016 EPS growth expected: 76.2%
2017 EPS growth expected: 16.5%

Dividend yield: N/A
Market Cap = $1 billion
Zacks Rank #1 (Strong Buy)

5. Viad Corporation (VVI - Snapshot Report)

Viad has two business divisions: the Market & Events Group and the Travel & Recreation Group.

Marketing & Events offers services to the world's leading brands and event organizers regarding live events. The Travel & Recreation Group offers travel experiences in Banff, Jasper, Glacier, Denali and Kenai Fjords National Parks, including hotel accommodations and attractions.

In the first quarter, the company had closed the Banff Gondola for renovations and was on track to re-open the lift on May 1. It is now offering marine sightseeing tours in Jasper and Kenai Fjords National Parks. It's growth trajectory appears on track.

Forward P/E = 13.9
Price-to-Book = 1.9
Price-to-Sales = 0.6

2016 EPS growth expected: 52.3%
2017 EPS growth expected: 10.6%

Dividend yield: 1.3%
Market Cap = $625 million
Zacks Rank #1 (Strong Buy)