Do domains with little to no backlinks hold any value?

I run several checks when I'm evaluating a domain. To me, a domain with good DA/PA, search volume and CPC are all useful metrics.
But sometimes a name will only check 3/5 boxes i.e. the name itself being good, high search volumes in various markets and a solid CPC BUT it will have minimal backlinks, if any. thus, lowering the DA/PA. If they do have backlinks they're usually just SEO market spam.

I know domains with tens, hundreds or thousands of spammy backlinks are not a valuable investment as they require an acquisition team to clean, which is costly for them. But what about if it already has a relatively clean slate? Is that a contributing factor for domain investors/end-users when looking to purchase?

-M