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Verdict

Deep Undervalued

Every analyzed stock in Deep Undervalued — 1,156 companies. Each card shows price, our model's intrinsic value (IV), and how far price sits above or below it. Click any card for the full analysis. This is a research-triage view, not a buy/sell signal.

Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
"Deep Undervalued" by: Model value (price vs DCF) Owner-earnings return (equity bond)

This lens: price against our probability-weighted DCF value (P/IV). Its own forward record began accruing on 2026-09-10 (daily snapshots); until a year of it exists, the panel below tests the nearest cousin we can measure point-in-time — cheap on book value — and says so.

Market state today: Calm — the S&P 500 closed 3.1% below its 1-year high (as of 2026-09-16). Our rule, the same one used to split every backtest on this site: sell-off = 10% or more below the 1-year high, borderline from 5%, calm otherwise. A further 7.2% fall from here would put us in a sell-off. Since 2006 the market has been in a sell-off 16.6% of the time, across 13 episodes (red bands).
2007200920112013201520172019202120232025
S&P 500 (SPY, adjusted) distance from its trailing 1-year high, weekly. Amber band: borderline (−5% to −10%). Red band: sell-off (below −10%). The dot is today. History to 2026-08-19 from the research database; today from the live feed.
Backtest · point in time · 8,702 entries in the study

Does this screen work? The record for exactly these filters

Screen tested: Proxy: price-to-book ≤ 0.8 (our deep-undervalued band has no point-in-time history yet) · bought the day of the annual report, held 12 months
Robust Buy every company that met this screen on the day it filed its annual report, hold 12 months: on average it beat the S&P 500 by +23.6 pts (608 entries, 188 companies, very unlikely to be luck). 57% of entries beat the S&P; 30% beat it by 30 points or more; 25% trailed it by 20 points or more. Owning everything instead averaged +1.7 pts, so the screen's edge is +21.9 pts.
+23.6 ptsvs S&P, average
57%beat the S&P
30%up 30+ pts vs S&P
25%down 20+ pts vs S&P
+24.1 ptsvs small caps, 12 mo
−16.1 pts 2023worst year to buy ?
6.0luck check ?
Does the holding period matter?3 mo: +4.9 pts 52% beat6 mo: +9.1 pts 54% beat12 mo: +23.6 pts 57% beat24 mo: +35.1 pts 52% beat3 yr, per yr: +6.5 pts 46% beat
Market state at entryCompany-yearsvs S&P 12 movs small caps
Calm ◀ today522+15.2 pts t 5.1+16.9 pts
Sell-off (S&P ≥10% off high)86+74.7 pts t 3.7+67.9 pts
Sector (SEC group)nvs S&P 12 mo3 yrs / yr
Industrials & manufacturing195+23.5 pts t 4.1+3.4 pts
Other64+13.8 pts t 2.0+9.3 pts
Tech hardware & semis54+14.9 pts t 1.1+2.6 pts
Energy51+27.4 pts t 2.0+4.8 pts
Retail & consumer33+33.7 pts t 2.2+21.4 pts
Services33+13.4 pts t 2.1+18.5 pts
Construction28+19.9 pts t 2.0+3.7 pts
Finance & real estate28+4.9 pts t 0.7+3.1 pts

Holds up out of sample? Before 2018: +17.1 pts (n 274, t 5.9). From 2018: +29.0 pts (n 334, t 4.3). Same sign in both halves.

Year2010201120122013201420152016201720182019202020212022202320242025
vs S&P+8 pts+4 pts+16 pts+28 pts+12 pts+2 pts+28 pts+22 pts−2 pts−12 pts+119 pts+18 pts+26 pts−16 pts−0 pts+36 pts
n9245638293651312743672630454650

Read the research behind this screen: Price-to-book still sorts, across all sizes → · Test your own combination in the Screen Lab →

Our model values are recomputed daily but were never stored historically, so this band cannot be backtested honestly yet. Daily snapshots began 2026-09-10; a true record accrues from there. Until then the nearest tested cousin is shown — cheap on book value — and labelled as a proxy. Point-in-time: each entry is one company bought at the first close after its 10-K filing date, using only filings available that day, held 12 months; result = total return minus SPY over the same months (vs IWM for 12 months; 3-yr annualised). Survivorship-tilted universe; no costs; read spreads, not levels. Educational, hypothetical, before costs.

Sort by: A–Z Riskiest Most overvalued Most shorted Buyers' strike Largest
MKTW
MARKETWISE, INC.
Deeply undervalued
Technology Risk 34 · Moderate
Price$18.21
Model IV$154.05
P/IV0.11
Discount 88% Return to IV: +746.0%
Market implies -20.8%/yr vs model +13.4% · below model
MKTX
MARKETAXESS HOLDINGS INC
Deeply undervalued
Financial Services Risk 25 · Moderate
Price$163.38
Model IV$256.54
P/IV0.51
Discount 36% Return to IV: +57.0%
Market implies -0.1%/yr vs model +6.5% · below model
MKZR
MacKenzie Realty Capital, Inc.
Deeply undervalued
Financial Services Risk 35 · Moderate
Price$1.45
Model IV$38.60
P/IV0.06
Discount 96% Return to IV: +2,562.2%
MLCI
Mount Logan Capital Inc.
Deeply undervalued
Financial Services Risk 33 · Moderate
Price$3.20
Model IV$5.31
P/IV0.60
Discount 40% Return to IV: +65.9%
Market implies -10.0%/yr vs model +15.0% · below model
MLCO
Melco Resorts & Entertainment LTD
Deeply undervalued
Consumer Cyclical Risk 42 · Elevated
Price$5.05
Model IV$25.53
P/IV0.22
Discount 80% Return to IV: +405.5%
Market implies -3.3%/yr vs model +25.0% · below model
MMLP
MARTIN MIDSTREAM PARTNERS L.P.
Deeply undervalued
Consumer Defensive Risk 47 · Elevated
Price$2.30
Model IV$9.22
P/IV0.30
Discount 75% Return to IV: +301.0%
Market implies -18.9%/yr vs model +2.0% · below model
MMS
MAXIMUS, INC.
Deeply undervalued
Technology Risk 26 · Moderate
Price$58.18
Model IV$143.34
P/IV0.43
Discount 59% Return to IV: +146.4%
Market implies -4.0%/yr vs model +9.8% · below model
MNDO
MIND CTI LTD
Deeply undervalued
Technology Risk 28 · Moderate
Price$1.05
Model IV$1.58
P/IV0.62
Discount 34% Return to IV: +51.4%
Market implies -13.7%/yr vs model -1.5% · below model
MNDR
Mobile-health Network Solutions
Deeply undervalued
Technology Risk 29 · Moderate
Price$1.37
Model IV$15.08
P/IV0.05
Discount 91% Return to IV: +1,000.9%
Market implies -50.0%/yr vs model +3.0% · below model
MNKD
MANNKIND CORP
Deeply undervalued
Healthcare Risk 44 · Elevated
Price$3.56
Model IV$8.72
P/IV0.58
Discount 59% Return to IV: +145.0%
Market implies -16.1%/yr vs model +46.7% · below model
MNR
MACH NATURAL RESOURCES LP
Deeply undervalued
Energy Risk 36 · Moderate
Price$12.57
Model IV$84.02
P/IV0.16
Discount 85% Return to IV: +568.4%
Market implies -18.8%/yr vs model +8.0% · below model
MNRO
MONRO, INC.
Deeply undervalued
Industrials Risk 39 · Moderate
Price$12.79
Model IV$22.26
P/IV0.64
Discount 43% Return to IV: +74.1%
Market implies -8.3%/yr vs model +2.2% · below model
MNSB
MainStreet Bancshares, Inc.
Deeply undervalued
Financial Services Risk 40 · Elevated
Price$25.26
Model IV$33.29
P/IV0.69
Discount 24% Return to IV: +31.8%
MNTN
MNTN, Inc.
Deeply undervalued
Technology Risk 36 · Moderate
Price$11.83
Model IV$14.36
P/IV0.66
Discount 18% Return to IV: +21.4%
Market implies +13.0%/yr vs model +23.6% · below model
MNTSW
Momentus Inc.
Valuation N/A
Consumer Cyclical Risk 42 · Elevated
Price$0.00
Model IV—
P/IV—
Market implies -50.0%/yr vs model +50.0% · below model
MO
ALTRIA GROUP, INC.
Deeply undervalued
Consumer Defensive Risk 42 · Elevated
Price$70.61
Model IV$160.02
P/IV0.43
Discount 56% Return to IV: +126.6%
Market implies -6.1%/yr vs model +4.3% · below model
MORN
Morningstar, Inc.
Undervalued
Financial Services Risk 36 · Moderate
Price$201.73
Model IV$276.35
P/IV0.66
Discount 27% Return to IV: +37.0%
Market implies +3.8%/yr vs model +9.8% · below model
MOS
MOSAIC CO
Deeply undervalued
Basic Materials Risk 33 · Moderate
Price$25.05
Model IV$49.35
P/IV0.48
Discount 49% Return to IV: +97.0%
Market implies -6.3%/yr vs model +3.0% · below model
MPAA
MOTORCAR PARTS OF AMERICA INC
Deeply undervalued
Consumer Cyclical Risk 32 · Moderate
Price$11.00
Model IV$23.34
P/IV0.47
Discount 53% Return to IV: +112.2%
Market implies -6.6%/yr vs model +8.0% · below model
MPC
Marathon Petroleum Corp
Deeply undervalued
Energy Risk 33 · Moderate
Price$395.93
Model IV$410.81
P/IV0.61
Discount 4% Return to IV: +3.8%
Market implies +2.2%/yr vs model +3.0% · in line
MPLX
MPLX LP
Deeply undervalued
Energy Risk 38 · Moderate
Price$59.84
Model IV$95.80
P/IV0.57
Discount 38% Return to IV: +60.1%
Market implies -2.1%/yr vs model +4.7% · below model
MPU
Mega Matrix Inc
Deeply undervalued
Communication Services Risk 31 · Moderate
Price$0.20
Model IV$0.80
P/IV0.50
Discount 75% Return to IV: +303.6%
Market implies -29.7%/yr vs model +15.0% · below model
MRDN
Meridian Holdings Inc./NV
Deeply undervalued
Technology Risk 35 · Moderate
Price$14.32
Model IV$43.18
P/IV0.27
Discount 67% Return to IV: +201.5%
Market implies +1.2%/yr vs model +25.0% · below model
MRP
Millrose Properties, Inc.
Deeply undervalued
Real Estate Risk 32 · Moderate
Price$29.46
Model IV$64.43
P/IV0.44
Discount 54% Return to IV: +118.7%
Market implies -7.1%/yr vs model +4.0% · below model
MSAIW
MultiSensor AI Holdings, Inc.
Valuation N/A
Healthcare Risk 37 · Moderate
Price$0.03
Model IV—
P/IV—
Market implies -50.0%/yr vs model +2.0% · below model
MSN
EMERSON RADIO CORP
Deeply undervalued
Technology Risk 26 · Moderate
Price$0.50
Model IV$0.88
P/IV0.48
Discount 43% Return to IV: +76.9%
Market implies -16.0%/yr vs model +9.7% · below model
MSS
Maison Solutions Inc.
Deeply undervalued
Consumer Defensive Risk 25 · Moderate
Price$1.80
Model IV$1.32
P/IV0.69
Premium +36% Return to IV: -26.7%
Market implies +19.0%/yr vs model +25.0% · below model
MSW
Ming Shing Group Holdings Ltd
Deeply undervalued
Industrials Risk 46 · Elevated
Price$1.41
Model IV$7.55
P/IV0.19
Discount 81% Return to IV: +435.6%
Market implies -37.7%/yr vs model +33.0% · below model
MTCH
Match Group, Inc.
Deeply undervalued
Technology Risk 38 · Moderate
Price$42.39
Model IV$57.06
P/IV0.63
Discount 26% Return to IV: +34.6%
Market implies +4.0%/yr vs model +10.1% · below model
MTDR
Matador Resources Co
Deeply undervalued
Energy Risk 37 · Moderate
Price$63.17
Model IV$173.71
P/IV0.31
Discount 64% Return to IV: +175.0%
Market implies -6.5%/yr vs model +8.0% · below model
MTEKW
Maris Tech Ltd.
Valuation N/A
Technology Risk 40 · Elevated
Price$0.11
Model IV—
P/IV—
Market implies -50.0%/yr vs model +50.0% · below model
MTEX
MANNATECH INC
Deeply undervalued
Healthcare Risk 35 · Moderate
Price$8.21
Model IV$83.16
P/IV0.07
Discount 90% Return to IV: +912.9%
Market implies -50.0%/yr vs model +2.0% · below model
MTG
MGIC INVESTMENT CORP
Deeply undervalued
Financial Services Risk 34 · Moderate
Price$30.74
Model IV$38.02
P/IV0.66
Discount 19% Return to IV: +23.7%
MTN
VAIL RESORTS INC
Deeply undervalued
Communication Services Risk 34 · Moderate
Price$140.51
Model IV$236.21
P/IV0.57
Discount 41% Return to IV: +68.1%
Market implies +3.2%/yr vs model +12.8% · below model
MTRX
MATRIX SERVICE CO
Deeply undervalued
Industrials Risk 27 · Moderate
Price$10.61
Model IV$38.67
P/IV0.34
Discount 73% Return to IV: +264.5%
Market implies -18.8%/yr vs model +4.2% · below model
MTW
MANITOWOC CO INC
Deeply undervalued
Industrials Risk 34 · Moderate
Price$20.78
Model IV$46.40
P/IV0.26
Discount 55% Return to IV: +123.3%
Market implies -12.4%/yr vs model +6.8% · below model
MUR
MURPHY OIL CORP
Deeply undervalued
Energy Risk 38 · Moderate
Price$38.50
Model IV$193.31
P/IV0.19
Discount 80% Return to IV: +402.1%
Market implies -19.1%/yr vs model +3.0% · below model
MVST
Microvast Holdings, Inc.
Deeply undervalued
Technology Risk 39 · Moderate
Price$0.60
Model IV$3.33
P/IV0.47
Discount 82% Return to IV: +457.2%
Market implies -10.9%/yr vs model +24.3% · below model
MVSTW
Microvast Holdings, Inc.
Valuation N/A
Technology Risk 36 · Moderate
Price$0.00
Model IV—
P/IV—
Market implies -50.0%/yr vs model +41.5% · below model
MWG
Multi Ways Holdings Ltd
Deeply undervalued
Consumer Cyclical Risk 26 · Moderate
Price$1.32
Model IV$22.05
P/IV0.06
Discount 94% Return to IV: +1,570.5%
Market implies -49.6%/yr vs model +11.7% · below model
MXC
MEXCO ENERGY CORP
Deeply undervalued
Energy Risk 40 · Elevated
Price$10.86
Model IV$33.23
P/IV0.26
Discount 67% Return to IV: +206.0%
Market implies -11.8%/yr vs model +8.0% · below model
MYGN
MYRIAD GENETICS INC
Deeply undervalued
Healthcare Risk 31 · Moderate
Price$3.42
Model IV$9.25
P/IV0.43
Discount 63% Return to IV: +170.6%
Market implies -16.6%/yr vs model +4.5% · below model
MYND
Mynd.ai, Inc.
Deeply undervalued
Technology Risk 34 · Moderate
Price$0.38
Model IV$10.63
P/IV0.06
Discount 96% Return to IV: +2,696.1%
Market implies -50.0%/yr vs model +50.0% · below model
MYPS
PLAYSTUDIOS, Inc.
Deeply undervalued
Technology Risk 37 · Moderate
Price$0.49
Model IV$1.14
P/IV0.49
Discount 57% Return to IV: +132.1%
Market implies -11.7%/yr vs model +3.0% · below model
MYPSW
PLAYSTUDIOS, Inc.
Valuation N/A
Technology Risk 39 · Moderate
Price$0.00
Model IV—
P/IV—
Market implies -50.0%/yr vs model +7.0% · below model
MZTI
MARZETTI CO
Deeply undervalued
Consumer Defensive Risk 30 · Moderate
Price$104.05
Model IV$235.77
P/IV0.47
Discount 56% Return to IV: +126.6%
Market implies -4.7%/yr vs model +6.3% · below model
NATH
NATHANS FAMOUS, INC.
Deeply undervalued
Consumer Cyclical Risk 45 · Elevated
Price$97.72
Model IV$217.81
P/IV0.46
Discount 55% Return to IV: +122.9%
Market implies +0.5%/yr vs model +15.2% · below model
NATR
NATURES SUNSHINE PRODUCTS INC
Deeply undervalued
Healthcare Risk 36 · Moderate
Price$13.55
Model IV$34.14
P/IV0.62
Discount 60% Return to IV: +152.0%
Market implies -6.7%/yr vs model +6.8% · below model
NAVI
NAVIENT CORP
Deeply undervalued
Financial Services Risk 50 · Elevated
Price$9.42
Model IV$28.51
P/IV0.30
Discount 67% Return to IV: +202.7%
Market implies -27.1%/yr vs model -6.8% · below model
NBIX
NEUROCRINE BIOSCIENCES INC
Deeply undervalued
Healthcare Risk 35 · Moderate
Price$156.22
Model IV$244.63
P/IV0.65
Discount 36% Return to IV: +56.6%
Market implies +10.1%/yr vs model +21.2% · below model
NBR
NABORS INDUSTRIES LTD
Deeply undervalued
Energy Risk 41 · Elevated
Price$89.30
Model IV$246.26
P/IV0.38
Discount 64% Return to IV: +175.8%
Market implies -9.4%/yr vs model +8.0% · below model
NCDL
Nuveen Churchill Direct Lending Corp.
Deeply undervalued
Unknown Risk 42 · Elevated
Price$12.11
Model IV$99.54
P/IV0.13
Discount 88% Return to IV: +721.9%
Market implies -22.1%/yr vs model +10.0% · below model
NCMI
National CineMedia, Inc.
Deeply undervalued
Technology Risk 37 · Moderate
Price$2.43
Model IV$7.38
P/IV0.43
Discount 67% Return to IV: +203.6%
Market implies -21.0%/yr vs model +20.7% · below model
NCPLW
Netcapital Inc.
Valuation N/A
Financial Services Risk 62 · High
Price$0.03
Model IV—
P/IV—
Market implies -50.0%/yr vs model +29.6% · below model
NCSM
NCS Multistage Holdings, Inc.
Deeply undervalued
Energy Risk 26 · Moderate
Price$53.35
Model IV$78.42
P/IV0.54
Discount 32% Return to IV: +47.0%
Market implies -0.6%/yr vs model +8.0% · below model
NDLS
NOODLES & Co
Deeply undervalued
Consumer Cyclical Risk 44 · Elevated
Price$13.74
Model IV$167.44
P/IV0.08
Discount 92% Return to IV: +1,118.6%
Market implies -50.0%/yr vs model +15.0% · below model
NEUP
Neuphoria Therapeutics Inc.
Deeply undervalued
Healthcare Risk 25 · Moderate
Price$3.73
Model IV$16.13
P/IV0.33
Discount 77% Return to IV: +332.5%
Market implies -31.6%/yr vs model +15.0% · below model
NEXRW
Nexera Technologies Ltd
Valuation N/A
Consumer Cyclical Risk 46 · Elevated
Price$0.01
Model IV—
P/IV—
Market implies -50.0%/yr vs model +50.0% · below model
NHC
NATIONAL HEALTHCARE CORP
Deeply undervalued
Healthcare Risk 34 · Moderate
Price$218.64
Model IV$281.11
P/IV0.66
Discount 22% Return to IV: +28.6%
Market implies +5.2%/yr vs model +10.8% · below model
NICE
NICE Ltd.
Deeply undervalued
Technology Risk 37 · Moderate
Price$105.50
Model IV$299.28
P/IV0.31
Discount 65% Return to IV: +183.7%
Market implies -3.0%/yr vs model +12.9% · below model