Micro Cap

PMEC

Primech Holdings Ltd

Deeply undervalued

Technology

Price$0.57

Model IV$1.64

P/IV0.43

Discount 65% Return to IV: +186.2%

Market implies -13.7%/yr vs model +6.3% · below model

PMI

Picard Medical, Inc.

Valuation N/A

Healthcare

Price$9.48

Model IV—

P/IV—

Market implies +30.9%/yr vs model +12.5% · above model

PML

PIMCO MUNICIPAL INCOME FUND II

Valuation N/A

Unknown

Price$6.58

Model IV—

P/IV—

Limited data — see page

PMN

ProMIS Neurosciences Inc.

Valuation N/A

Healthcare

Price$9.61

Model IV—

P/IV—

Limited data — see page

PMNT

Perfect Moment Ltd.

Undervalued

Consumer Cyclical

Price$0.12

Model IV$0.15

P/IV1.48

Discount 19% Return to IV: +23.0%

Market implies -9.4%/yr vs model +2.0% · below model

PMO

PUTNAM MUNICIPAL OPPORTUNITIES TRUST

Valuation N/A

Unknown

Price$9.42

Model IV—

P/IV—

Limited data — see page

PMTR

Perimeter Acquisition Corp. I

Valuation N/A

Financial Services

Price$10.44

Model IV—

P/IV—

Limited data — see page

PMTRU

Perimeter Acquisition Corp. I

Valuation N/A

Financial Services

Price$11.00

Model IV—

P/IV—

Limited data — see page

PMTRW

Perimeter Acquisition Corp. I

Valuation N/A

Financial Services

Price$0.70

Model IV—

P/IV—

Limited data — see page

PMTS

CPI Card Group Inc.

Deeply undervalued

Communication Services

Price$25.54

Model IV$39.95

P/IV0.42

Discount 36% Return to IV: +56.4%

Market implies -1.3%/yr vs model +9.2% · below model

PMVP

PMV Pharmaceuticals, Inc.

Valuation N/A

Healthcare

Price$1.52

Model IV—

P/IV—

Limited data — see page

PN

Skycorp Solar Group Ltd

Fairly valued

Industrials

Price$2.47

Model IV$2.20

P/IV1.70

Premium +12% Return to IV: -10.7%

Market implies +7.2%/yr vs model +9.9% · in line

PNBK

PATRIOT NATIONAL BANCORP INC

Deeply overvalued

Financial Services

Price$0.88

Model IV$0.58

P/IV1.94

Premium +52% Return to IV: -34.4%

PNI

PIMCO NEW YORK MUNICIPAL INCOME FUND II

Valuation N/A

Unknown

Price$6.06

Model IV—

P/IV—

Limited data — see page

PNNT

PENNANTPARK INVESTMENT CORP

Deeply undervalued

Unknown

Price$3.18

Model IV$13.10

P/IV0.30

Discount 76% Return to IV: +311.9%

Market implies -17.1%/yr vs model +6.0% · below model

POAS

PHAOS TECHNOLOGY HOLDINGS (CAYMAN) Ltd

Valuation N/A

Healthcare

Price$0.14

Model IV—

P/IV—

Market implies +15.6%/yr vs model +15.0% · in line

POCI

PRECISION OPTICS CORPORATION, INC.

Deeply undervalued

Healthcare

Price$4.58

Model IV$9.70

P/IV0.56

Discount 53% Return to IV: +111.8%

Market implies -20.6%/yr vs model +15.6% · below model

PODC

PodcastOne, Inc.

Deeply undervalued

Technology

Price$2.15

Model IV$5.44

P/IV0.41

Discount 60% Return to IV: +153.0%

Market implies -15.8%/yr vs model +21.2% · below model

POLA

Polar Power, Inc.

Deeply undervalued

Technology

Price$1.14

Model IV$2.19

P/IV0.94

Discount 48% Return to IV: +92.1%

Market implies -16.8%/yr vs model +2.0% · below model

POLE

Andretti Acquisition Corp. II

Valuation N/A

Financial Services

Price$10.71

Model IV—

P/IV—

Limited data — see page

POLEW

Andretti Acquisition Corp. II

Valuation N/A

Financial Services

Price$0.10

Model IV—

P/IV—

Limited data — see page

POM

POMDOCTOR Ltd

Valuation N/A

Consumer Cyclical

Price$0.77

Model IV—

P/IV—

Market implies -28.9%/yr vs model +15.0% · below model

PONO

Pono Capital Four, Inc.

Valuation N/A

Financial Services

Price$10.04

Model IV—

P/IV—

Limited data — see page

PONOR

Pono Capital Four, Inc.

Valuation N/A

Financial Services

Price$0.19

Model IV—

P/IV—

Limited data — see page

PONOU

Pono Capital Four, Inc.

Valuation N/A

Financial Services

Price$10.47

Model IV—

P/IV—

Limited data — see page

POWW

Outdoor Holding Co

Valuation N/A

Technology

Price$2.23

Model IV—

P/IV—

Market implies +28.3%/yr vs model +2.0% · above model

PPCB

Propanc Biopharma, Inc.

Valuation N/A

Healthcare

Price$0.49

Model IV—

P/IV—

Limited data — see page

PPIH

Perma-Pipe International Holdings, Inc.

Deeply overvalued

Industrials

Price$31.32

Model IV$16.53

P/IV1.86

Premium +89% Return to IV: -47.2%

Market implies +11.1%/yr vs model +11.1% · in line

PPLT

abrdn Platinum ETF Trust

Deeply undervalued

Financial Services

Price$15.25

Model IV$110.63

P/IV0.16

Discount 86% Return to IV: +625.4%

PPSI

PIONEER POWER SOLUTIONS, INC.

Deeply overvalued

Technology

Price$3.08

Model IV$1.57

P/IV3.45

Premium +96% Return to IV: -48.9%

Market implies +12.7%/yr vs model +10.8% · in line

PPT

PUTNAM PREMIER INCOME TRUST

Valuation N/A

Unknown

Price$3.25

Model IV—

P/IV—

Limited data — see page

PRENW

Prenetics Global Ltd

Valuation N/A

Healthcare

Price$0.01

Model IV—

P/IV—

Limited data — see page

PRFX

PRF Technologies Ltd.

Valuation N/A

Healthcare

Price$0.88

Model IV—

P/IV—

Market implies +63.7%/yr

PRHI

Presurance Holdings, Inc.

Valuation N/A

Financial Services

Price$8.28

Model IV—

P/IV—

Limited data — see page

PRHIZ

Presurance Holdings, Inc.

Valuation N/A

Financial Services

Price$26.49

Model IV—

P/IV—

Limited data — see page

PROF

Profound Medical Corp.

Valuation N/A

Healthcare

Price$6.90

Model IV—

P/IV—

Market implies +25.7%/yr

PROK

PROKIDNEY CORP.

Valuation N/A

Healthcare

Price$1.74

Model IV—

P/IV—

Limited data — see page

PROP

Prairie Operating Co.

Valuation N/A

Energy

Price$0.44

Model IV—

P/IV—

Market implies +12.5%/yr vs model +4.0% · above model

PROV

PROVIDENT FINANCIAL HOLDINGS INC

Deeply overvalued

Financial Services

Price$18.26

Model IV$12.70

P/IV1.44

Premium +44% Return to IV: -30.5%

PRPL

Purple Innovation, Inc.

Deeply overvalued

Consumer Cyclical

Price$1.87

Model IV$1.16

P/IV2.22

Premium +61% Return to IV: -37.7%

Market implies +6.8%/yr vs model +2.0% · above model

PRPO

Precipio, Inc.

Undervalued

Healthcare

Price$23.12

Model IV$31.03

P/IV0.77

Discount 25% Return to IV: +34.2%

Market implies -7.3%/yr vs model +28.4% · below model

PRQR

ProQR Therapeutics N.V.

Valuation N/A

Healthcare

Price$1.63

Model IV—

P/IV—

Limited data — see page

PRSO

Peraso Inc.

Deeply undervalued

Technology

Price$0.40

Model IV$7.81

P/IV0.14

Discount 95% Return to IV: +1,849.4%

Market implies -50.0%/yr vs model +21.1% · below model

PRT

PermRock Royalty Trust

Valuation N/A

Energy

Price$1.77

Model IV—

P/IV—

Limited data — see page

PRZO

ParaZero Technologies Ltd.

Valuation N/A

Industrials

Price$0.62

Model IV—

P/IV—

Market implies +41.4%/yr vs model +9.6% · above model

PS

PERSHING SQUARE INC.

Valuation N/A

Financial Services

Price$54.59

Model IV—

P/IV—

Limited data — see page

PSF

Cohen & Steers Select Preferred & Income Fund, Inc.

Valuation N/A

Unknown

Price$18.19

Model IV—

P/IV—

Limited data — see page

PSHG

Performance Shipping Inc.

Valuation N/A

Industrials

Price$1.66

Model IV—

P/IV—

Market implies -39.8%/yr vs model +18.1% · below model

PSIG

PS International Group Ltd.

Deeply overvalued

Industrials

Price$5.10

Model IV$2.64

P/IV1.65

Premium +93% Return to IV: -48.2%

Market implies +9.5%/yr vs model +2.0% · above model

PSNY

Polestar Automotive Holding UK PLC

Valuation N/A

Consumer Cyclical

Price$5.26

Model IV—

P/IV—

Limited data — see page

PSQH

PSQ Holdings, Inc.

Valuation N/A

Technology

Price$3.77

Model IV—

P/IV—

Market implies +30.5%/yr vs model +15.0% · above model

PSTV

PLUS THERAPEUTICS, INC.

Valuation N/A

Healthcare

Price$3.84

Model IV—

P/IV—

Market implies +70.9%/yr vs model +15.0% · above model

PSUS

Pershing Square USA, Ltd.

Valuation N/A

Unknown

Price$37.76

Model IV—

P/IV—

Limited data — see page

PTHS

Pelthos Therapeutics Inc.

Deeply overvalued

Healthcare

Price$20.50

Model IV$8.93

P/IV2.64

Premium +130% Return to IV: -56.5%

Market implies +9.4%/yr vs model +15.0% · below model

PTLE

PTL Ltd

Valuation N/A

Consumer Defensive

Price$6.90

Model IV—

P/IV—

Market implies +51.9%/yr

PTLO

Portillo's Inc.

Deeply overvalued

Consumer Cyclical

Price$4.02

Model IV$2.30

P/IV1.59

Premium +75% Return to IV: -42.9%

Market implies +12.1%/yr vs model +8.1% · above model

PTN

PALATIN TECHNOLOGIES INC

Valuation N/A

Healthcare

Price$8.60

Model IV—

P/IV—

Market implies -9.3%/yr vs model +15.0% · below model

PTNM

Pitanium Ltd

Valuation N/A

Consumer Defensive

Price$10.39

Model IV—

P/IV—

Market implies +21.9%/yr vs model +15.0% · above model

PTOR

Praetorian Acquisition Corp.

Valuation N/A

Financial Services

Price$9.97

Model IV—

P/IV—

Limited data — see page

PTORU

Praetorian Acquisition Corp.

Valuation N/A

Financial Services

Price$10.08

Model IV—

P/IV—

Limited data — see page