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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
NIPG
NIP Group Inc.
Valuation N/A
Communication Services Risk 36 · Moderate
Price$14.64
Model IV—
P/IV—
Market implies +30.6%/yr vs model +13.8% · above model
NIQ
NIQ Global Intelligence plc
Deeply undervalued
Technology Risk 22 · Moderate
Price$17.65
Model IV$14.61
P/IV0.57
Premium +21% Return to IV: -17.2%
Market implies +12.3%/yr vs model +12.1% · in line
NIVFW
NewGenIvf Group Ltd
Valuation N/A
Healthcare Risk 46 · Elevated
Price$0.02
Model IV—
P/IV—
Market implies -50.0%/yr vs model +11.7% · below model
NLOP
Net Lease Office Properties
Deeply undervalued
Financial Services Risk 38 · Moderate
Price$10.87
Model IV$88.77
P/IV0.14
Discount 88% Return to IV: +716.7%
NLY
ANNALY CAPITAL MANAGEMENT INC
Valuation N/A
Financial Services Risk 66 · High
Price$22.81
Model IV—
P/IV—
Limited data — see page
NMFC
New Mountain Finance Corp
Deeply undervalued
Unknown Risk 33 · Moderate
Price$7.22
Model IV$43.88
P/IV0.18
Discount 84% Return to IV: +507.7%
Market implies -20.7%/yr vs model +6.0% · below model
NMFCZ
New Mountain Finance Corp
Deeply undervalued
Unknown Risk 42 · Elevated
Price$25.18
Model IV$56.92
P/IV0.44
Discount 56% Return to IV: +126.1%
Market implies -5.1%/yr vs model +6.0% · below model
NMIH
NMI Holdings, Inc.
Deeply undervalued
Financial Services Risk 38 · Moderate
Price$44.83
Model IV$63.88
P/IV0.56
Discount 30% Return to IV: +42.5%
NMM
Navios Maritime Partners L.P.
Deeply undervalued
Industrials Risk 29 · Moderate
Price$92.84
Model IV$549.77
P/IV0.13
Discount 83% Return to IV: +492.2%
Market implies -13.9%/yr vs model +13.8% · below model
NN
NEXTNAV INC.
Deeply undervalued
Industrials Risk 47 · Elevated
Price$15.18
Model IV$101.70
P/IV0.20
Discount 85% Return to IV: +570.0%
Market implies -31.9%/yr vs model +50.0% · below model
NNAVW
NEXTNAV INC.
Deeply undervalued
Industrials Risk 49 · Elevated
Price$5.50
Model IV$68.67
P/IV0.13
Discount 92% Return to IV: +1,148.6%
Market implies -49.1%/yr vs model +50.0% · below model
NNI
NELNET INC
Deeply undervalued
Financial Services Risk 37 · Moderate
Price$127.31
Model IV$233.95
P/IV0.56
Discount 46% Return to IV: +83.8%
Market implies -3.5%/yr vs model +5.0% · below model
NOG
NORTHERN OIL & GAS, INC.
Deeply undervalued
Energy Risk 29 · Moderate
Price$26.31
Model IV$260.62
P/IV0.08
Discount 90% Return to IV: +890.6%
Market implies -25.2%/yr vs model +8.0% · below model
NOV
NOV Inc.
Deeply undervalued
Industrials Risk 28 · Moderate
Price$20.54
Model IV$30.82
P/IV0.65
Discount 33% Return to IV: +50.0%
Market implies +3.3%/yr vs model +11.0% · below model
NRDS
NERDWALLET, INC.
Deeply undervalued
Technology Risk 36 · Moderate
Price$9.43
Model IV$36.85
P/IV0.23
Discount 74% Return to IV: +290.7%
Market implies -5.8%/yr vs model +18.9% · below model
NRP
NATURAL RESOURCE PARTNERS LP
Deeply undervalued
Energy Risk 37 · Moderate
Price$110.71
Model IV$353.84
P/IV0.29
Discount 69% Return to IV: +219.6%
Market implies -10.5%/yr vs model +6.7% · below model
NSP
INSPERITY, INC.
Deeply undervalued
Technology Risk 39 · Moderate
Price$49.69
Model IV$95.62
P/IV0.36
Discount 48% Return to IV: +92.4%
Market implies -3.6%/yr vs model +8.0% · below model
NTIC
NORTHERN TECHNOLOGIES INTERNATIONAL CORP
Deeply undervalued
Industrials Risk 42 · Elevated
Price$8.12
Model IV$18.56
P/IV0.43
Discount 56% Return to IV: +128.6%
Market implies -21.2%/yr vs model +10.5% · below model
NTRSO
NORTHERN TRUST CORP
Deeply undervalued
Financial Services Risk 23 · Moderate
Price$18.33
Model IV$104.84
P/IV0.18
Discount 83% Return to IV: +472.1%
NTWK
NETSOL TECHNOLOGIES INC
Deeply undervalued
Technology Risk 38 · Moderate
Price$4.00
Model IV$9.67
P/IV0.48
Discount 59% Return to IV: +141.8%
Market implies -17.6%/yr vs model +4.7% · below model
NUS
NU SKIN ENTERPRISES, INC.
Deeply undervalued
Consumer Defensive Risk 42 · Elevated
Price$4.85
Model IV$8.42
P/IV0.69
Discount 42% Return to IV: +73.7%
Market implies -8.3%/yr vs model +2.6% · below model
NUTX
Nutex Health Inc.
Deeply undervalued
Technology Risk 30 · Moderate
Price$215.33
Model IV$496.15
P/IV0.26
Discount 57% Return to IV: +130.4%
Market implies +5.6%/yr vs model +25.0% · below model
NUWE
Nuwellis, Inc.
Valuation N/A
Healthcare Risk 33 · Moderate
Price$0.77
Model IV—
P/IV—
Market implies -36.3%/yr vs model +2.0% · below model
NVGS
Navigator Holdings Ltd.
Deeply undervalued
Industrials Risk 33 · Moderate
Price$23.13
Model IV$41.65
P/IV0.52
Discount 44% Return to IV: +80.0%
Market implies -0.9%/yr vs model +9.6% · below model
NVVE
Nuvve Holding Corp.
Deeply undervalued
Technology Risk 35 · Moderate
Price$1.37
Model IV$1.69
P/IV0.25
Discount 19% Return to IV: +23.4%
Market implies -5.7%/yr vs model +5.9% · below model
NWTG
Newton Golf Company, Inc.
Deeply undervalued
Consumer Cyclical Risk 26 · Moderate
Price$1.27
Model IV$4.57
P/IV0.22
Discount 72% Return to IV: +259.6%
Market implies -24.2%/yr vs model +50.0% · below model
NXGLW
NEXGEL, INC.
Valuation N/A
Healthcare Risk 53 · Elevated
Price$0.01
Model IV—
P/IV—
Market implies -50.0%/yr vs model +50.0% · below model
NXPL
NextPlat Corp
Deeply undervalued
Communication Services Risk 28 · Moderate
Price$9.00
Model IV$11.45
P/IV0.61
Discount 21% Return to IV: +27.3%
Market implies -6.3%/yr vs model +50.0% · below model
NXPLW
NextPlat Corp
Valuation N/A
Communication Services Risk 42 · Elevated
Price$0.04
Model IV—
P/IV—
Market implies -50.0%/yr vs model +2.0% · below model
NXRT
NexPoint Residential Trust, Inc.
Deeply undervalued
Financial Services Risk 38 · Moderate
Price$22.04
Model IV$42.37
P/IV0.69
Discount 48% Return to IV: +92.2%
NXTT
Next Technology Holding Inc.
Undervalued
Technology Risk 31 · Moderate
Price$5.85
Model IV$7.49
P/IV0.19
Discount 22% Return to IV: +28.1%
Market implies -10.7%/yr vs model +2.0% · below model
NXXT
NEXTNRG, INC.
Undervalued
Consumer Cyclical Risk 33 · Moderate
Price$1.39
Model IV$1.84
P/IV0.35
Discount 25% Return to IV: +32.7%
Market implies -4.9%/yr vs model +50.0% · below model
OBDC
Blue Owl Capital Corp
Deeply undervalued
Unknown Risk 28 · Moderate
Price$11.08
Model IV$18.78
P/IV0.60
Discount 41% Return to IV: +69.5%
Market implies -11.8%/yr vs model -2.5% · below model
OCG
Oriental Culture Holding LTD
Valuation N/A
Technology Risk 47 · Elevated
Price$1.58
Model IV—
P/IV—
Limited data — see page
OCSL
Oaktree Specialty Lending Corp
Deeply undervalued
Unknown Risk 40 · Elevated
Price$12.67
Model IV$37.41
P/IV0.32
Discount 66% Return to IV: +195.3%
Market implies -10.2%/yr vs model +6.0% · below model
OEC
Orion S.A.
Deeply undervalued
Basic Materials Risk 37 · Moderate
Price$5.89
Model IV$11.07
P/IV0.69
Discount 47% Return to IV: +87.9%
Market implies -7.2%/yr vs model +4.3% · below model
OFG
OFG BANCORP
Deeply undervalued
Financial Services Risk 42 · Elevated
Price$52.91
Model IV$148.67
P/IV0.31
Discount 64% Return to IV: +181.0%
Market implies +1.5%/yr vs model +20.3% · below model
OFIX
Orthofix Medical Inc.
Deeply undervalued
Healthcare Risk 32 · Moderate
Price$8.93
Model IV$52.46
P/IV0.18
Discount 83% Return to IV: +487.5%
Market implies -34.7%/yr vs model +15.4% · below model
OFS
OFS Capital Corp
Deeply undervalued
Unknown Risk 29 · Moderate
Price$3.86
Model IV$42.85
P/IV0.08
Discount 91% Return to IV: +1,010.0%
Market implies -41.0%/yr vs model +6.0% · below model
OFSSH
OFS Capital Corp
Deeply undervalued
Unknown Risk 39 · Moderate
Price$23.81
Model IV$83.10
P/IV0.29
Discount 71% Return to IV: +249.0%
Market implies -11.6%/yr vs model +6.0% · below model
OFSSO
OFS Capital Corp
Deeply undervalued
Unknown Risk 31 · Moderate
Price$25.46
Model IV$83.10
P/IV0.31
Discount 69% Return to IV: +226.4%
Market implies -10.7%/yr vs model +6.0% · below model
OGN
Organon & Co.
Deeply undervalued
Healthcare Risk 33 · Moderate
Price$13.64
Model IV$25.33
P/IV0.53
Discount 46% Return to IV: +85.7%
Market implies -6.0%/yr vs model +3.0% · below model
OIS
OIL STATES INTERNATIONAL, INC
Deeply undervalued
Industrials Risk 32 · Moderate
Price$8.69
Model IV$16.52
P/IV0.51
Discount 47% Return to IV: +90.1%
Market implies -5.6%/yr vs model +5.2% · below model
OKE
ONEOK INC /NEW/
Deeply undervalued
Utilities Risk 45 · Elevated
Price$96.62
Model IV$143.24
P/IV0.59
Discount 33% Return to IV: +48.3%
OLN
OLIN Corp
Deeply undervalued
Basic Materials Risk 38 · Moderate
Price$17.20
Model IV$56.47
P/IV0.46
Discount 70% Return to IV: +228.3%
Market implies -21.7%/yr vs model +0.0% · below model
OMC
OMNICOM GROUP INC.
Deeply undervalued
Technology Risk 34 · Moderate
Price$79.01
Model IV$325.64
P/IV0.22
Discount 76% Return to IV: +312.2%
Market implies -12.1%/yr vs model +8.3% · below model
OMDA
Omada Health, Inc.
Deeply undervalued
Healthcare Risk 28 · Moderate
Price$19.66
Model IV$54.67
P/IV0.33
Discount 64% Return to IV: +178.1%
Market implies -18.2%/yr vs model +45.6% · below model
OMF
OneMain Holdings, Inc.
Deeply undervalued
Financial Services Risk 43 · Elevated
Price$62.75
Model IV$166.11
P/IV0.33
Discount 62% Return to IV: +164.7%
Market implies -21.6%/yr vs model -4.4% · below model
OMH
Ohmyhome Ltd
Deeply overvalued
Real Estate Risk 35 · Moderate
Price$2.22
Model IV$1.32
P/IV0.62
Premium +68% Return to IV: -40.5%
Market implies -4.6%/yr vs model +15.0% · below model
ONFO
Onfolio Holdings, Inc
Deeply undervalued
Technology Risk 26 · Moderate
Price$0.85
Model IV$11.30
P/IV0.06
Discount 93% Return to IV: +1,237.6%
Market implies -50.0%/yr vs model +50.0% · below model
ONFOW
Onfolio Holdings, Inc
Valuation N/A
Technology Risk 40 · Elevated
Price$0.02
Model IV—
P/IV—
Market implies -50.0%/yr vs model +50.0% · below model
OPAD
Offerpad Solutions Inc.
Deeply undervalued
Real Estate Risk 40 · Elevated
Price$3.57
Model IV$6.98
P/IV0.69
Discount 49% Return to IV: +95.5%
Market implies -27.4%/yr vs model -10.0% · below model
OPCH
Option Care Health, Inc.
Deeply undervalued
Healthcare Risk 40 · Elevated
Price$23.99
Model IV$49.43
P/IV0.42
Discount 51% Return to IV: +106.0%
Market implies +2.3%/yr vs model +14.8% · below model
OPENL
Opendoor Technologies Inc.
Valuation N/A
Real Estate Risk 40 · Elevated
Price$0.10
Model IV—
P/IV—
Market implies -50.0%/yr vs model -8.7% · below model
OPENW
Opendoor Technologies Inc.
Valuation N/A
Real Estate Risk 40 · Elevated
Price$0.16
Model IV—
P/IV—
Market implies -50.0%/yr vs model +8.2% · below model
OPENZ
Opendoor Technologies Inc.
Valuation N/A
Real Estate Risk 40 · Elevated
Price$0.09
Model IV—
P/IV—
Market implies -50.0%/yr vs model -8.7% · below model
OPHC
OptimumBank Holdings, Inc.
Deeply undervalued
Financial Services Risk 27 · Moderate
Price$9.20
Model IV$13.40
P/IV0.41
Discount 31% Return to IV: +45.6%
OPLN
OPENLANE, Inc.
Deeply undervalued
Consumer Cyclical Risk 30 · Moderate
Price$35.28
Model IV$63.70
P/IV0.60
Discount 45% Return to IV: +80.6%
Market implies +0.7%/yr vs model +11.1% · below model
OPTU
Optimum Communications, Inc.
Valuation N/A
Communication Services Risk 72 · High
Price$1.02
Model IV—
P/IV—
Market implies -50.0%/yr vs model +0.0% · below model
OPXS
Optex Systems Holdings Inc
Deeply undervalued
Healthcare Risk 28 · Moderate
Price$10.21
Model IV$21.56
P/IV0.53
Discount 53% Return to IV: +111.2%
Market implies +4.4%/yr vs model +22.9% · below model