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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: each stock is priced as a bond whose coupon is its owner earnings (operating cash flow − all capex − stock compensation, three-year average) growing at the model's capped rate; "Deep Undervalued" here means IRR 10–30 points over Treasuries on a believable coupon (yield ≤ 25%; anything richer is a data flag, shown only on the full table) (10-yr Treasury 5.00% today). Full cross-comparison table →

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: Owner-earnings 10-yr IRR 10–30 points over Treasuries, yield ≤ 25% · bought the day of the annual report, held 12 months
Could be luck 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 +2.9 pts (823 entries, 256 companies, could be luck). 47% of entries beat the S&P; 18% beat it by 30 points or more; 27% trailed it by 20 points or more. Owning everything instead averaged +1.7 pts, so the screen's edge is +1.2 pts.
+2.9 ptsvs S&P, average
47%beat the S&P
18%up 30+ pts vs S&P
27%down 20+ pts vs S&P
+6.0 ptsvs small caps, 12 mo
−14.6 pts 2024worst year to buy ?
1.8luck check ?
Does the holding period matter?3 mo: −0.5 pts 47% beat6 mo: +0.1 pts 45% beat12 mo: +2.9 pts 47% beat24 mo: +3.3 pts 42% beat3 yr, per yr: −0.9 pts 39% beat
Market state at entryCompany-yearsvs S&P 12 movs small caps
Calm ◀ today686+1.9 pts t 1.2+5.3 pts
Sell-off (S&P ≥10% off high)137+7.9 pts t 1.4+9.6 pts
Sector (SEC group)nvs S&P 12 mo3 yrs / yr
Industrials & manufacturing256+0.9 pts t 0.4−5.1 pts
Retail & consumer106+10.5 pts t 1.9+1.9 pts
Services78−3.2 pts t -0.5−2.1 pts
Energy69+3.1 pts t 0.5−4.9 pts
Other61−4.4 pts t -0.8−3.3 pts
Tech hardware & semis58−2.8 pts t -0.6−1.4 pts
Finance & real estate46+5.9 pts t 1.5+6.8 pts
Biotech & pharma28−5.0 pts t -0.7−4.3 pts

Holds up out of sample? Before 2018: +5.1 pts (n 291, t 2.3). From 2018: +1.7 pts (n 532, t 0.8). Same sign in both halves.

Year201120122013201420152016201720182019202020212022202320242025
vs S&P−11 pts+5 pts+6 pts−5 pts−4 pts+17 pts+8 pts−10 pts−14 pts+46 pts+8 pts+8 pts−14 pts−15 pts+3 pts
n12943515570425362725676876957

Read the research behind this screen: Ranking companies as equity bonds: the top fifth beats the bottom fifth by a wide margin → · Test your own combination in the Screen Lab →

Same definitions as the table: coupon = 3-yr average owner earnings, growth capped, 15× exit. Historical IRR uses a 5-yr revenue CAGR as the growth proxy where the DCF rate is not available point-in-time. 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.

LBTYK
Liberty Global Ltd.
Demanding to believe
Communication Services Risk 34 · Moderate
Yield21.5%
Growth used0.0%
10-yr IRR28.0%
Steady compounder · 4 yrs positive P/IV 0.30
Market implies -23.2%/yr vs model +0.0% · below model
MRDN
Meridian Holdings Inc./NV
Demanding to believe
Technology Risk 35 · Moderate
Yield10.8%
Growth used15.0%
10-yr IRR27.9%
Grower · 4 yrs positive P/IV 0.27
Market implies +1.2%/yr vs model +25.0% · below model
UEIC
UNIVERSAL ELECTRONICS INC
Demanding to believe
Technology Risk 26 · Moderate
Yield24.9%
Growth used-3.4%
10-yr IRR27.9%
Steady compounder · 4 yrs positive P/IV 0.48
Market implies -16.0%/yr vs model -3.4% · below model
AMWD
AMERICAN WOODMARK CORP
Demanding to believe
Industrials Risk 42 · Elevated
Yield16.5%
Growth used5.7%
10-yr IRR27.8%
Steady compounder · 4 yrs positive P/IV 0.99
Market implies +3.6%/yr vs model +5.7% · in line
HRMY
Harmony Biosciences Holdings, Inc.
Demanding to believe
Healthcare Risk 34 · Moderate
Yield10.8%
Growth used15.0%
10-yr IRR27.8%
Grower · 5 yrs positive P/IV 0.10
Market implies -7.8%/yr vs model +23.9% · below model
YALA
Yalla Group Ltd
Demanding to believe
Technology Risk 25 · Moderate
Yield15.0%
Growth used7.6%
10-yr IRR27.7%
Moderate grower · 5 yrs positive P/IV 0.19
Market implies -4.9%/yr vs model +7.6% · below model
GM
General Motors Co
Demanding to believe
Consumer Cyclical Risk 29 · Moderate
Yield14.7%
Growth used8.0%
10-yr IRR27.7%
Moderate grower · 5 yrs positive P/IV 0.46
Market implies -4.4%/yr vs model +8.0% · below model
FC
FRANKLIN COVEY CO
Demanding to believe
Industrials Risk 41 · Elevated
Yield15.4%
Growth used6.9%
10-yr IRR27.6%
Moderate grower · 5 yrs positive P/IV 0.84
Market implies -2.8%/yr vs model +6.9% · below model
CRK
COMSTOCK RESOURCES INC
Demanding to believe
Energy Risk 43 · Elevated
Yield14.5%
Growth used8.0%
10-yr IRR27.4%
Moderate grower · 5 yrs positive P/IV 0.61
Market implies +1.1%/yr vs model +8.0% · below model
LBTYA
Liberty Global Ltd.
Demanding to believe
Communication Services Risk 42 · Elevated
Yield20.8%
Growth used0.0%
10-yr IRR27.3%
Steady compounder · 4 yrs positive P/IV 0.31
Market implies -22.8%/yr vs model +0.0% · below model
OTEX
OPEN TEXT CORP
Demanding to believe
Technology Risk 28 · Moderate
Yield11.8%
Growth used12.3%
10-yr IRR27.2%
Grower · 5 yrs positive P/IV 0.50
Market implies -0.1%/yr vs model +12.3% · below model
AMP
AMERIPRISE FINANCIAL INC
Demanding to believe
Financial Services Risk 35 · Moderate
Yield11.6%
Growth used12.7%
10-yr IRR27.2%
Grower · 5 yrs positive P/IV 0.23
Market implies -7.3%/yr vs model +12.7% · below model
BLDR
Builders FirstSource, Inc.
Demanding to believe
Consumer Cyclical Risk 36 · Moderate
Yield20.6%
Growth used0.0%
10-yr IRR27.1%
Steady compounder · 5 yrs positive P/IV 0.73
Market implies -10.5%/yr vs model +0.0% · below model
CE
Celanese Corp
Demanding to believe
Basic Materials Risk 29 · Moderate
Yield17.6%
Growth used3.5%
10-yr IRR27.1%
Steady compounder · 5 yrs positive P/IV 0.31
Market implies -16.4%/yr vs model +3.5% · below model
CHTR
CHARTER COMMUNICATIONS, INC. /MO/
Demanding to believe
Communication Services Risk 40 · Elevated
Yield18.1%
Growth used2.8%
10-yr IRR27.0%
Steady compounder · 5 yrs positive P/IV 0.27
Market implies -14.7%/yr vs model +2.8% · below model
AMN
AMN HEALTHCARE SERVICES INC
Demanding to believe
Technology Risk 34 · Moderate
Yield19.3%
Growth used1.3%
10-yr IRR26.9%
Steady compounder · 5 yrs positive P/IV 0.59
Market implies -6.1%/yr vs model +1.3% · below model
GASS
StealthGas Inc.
Demanding to believe
Industrials Risk 30 · Moderate
Yield15.7%
Growth used5.7%
10-yr IRR26.8%
Steady compounder · 4 yrs positive P/IV 0.20
Market implies -17.7%/yr vs model +5.7% · below model
GCO
GENESCO INC
Demanding to believe
Consumer Cyclical Risk 39 · Moderate
Yield14.7%
Growth used7.0%
10-yr IRR26.7%
Moderate grower · 4 yrs positive P/IV 0.84
Market implies +0.7%/yr vs model +7.0% · below model
HOG
HARLEY-DAVIDSON, INC.
Demanding to believe
Consumer Cyclical Risk 37 · Moderate
Yield18.1%
Growth used2.5%
10-yr IRR26.6%
Steady compounder · 5 yrs positive P/IV 0.60
Market implies -3.2%/yr vs model +2.5% · below model
TAP
MOLSON COORS BEVERAGE CO
Demanding to believe
Consumer Defensive Risk 39 · Moderate
Yield15.8%
Growth used5.2%
10-yr IRR26.5%
Steady compounder · 5 yrs positive P/IV 0.24
Market implies -12.8%/yr vs model +5.2% · below model
DEC
Diversified Energy Co
Demanding to believe
Energy Risk 39 · Moderate
Yield20.0%
Growth used0.0%
10-yr IRR26.4%
Steady compounder · 3 yrs positive P/IV 0.41
Market implies -15.6%/yr vs model +0.0% · below model
DSX
DIANA SHIPPING INC.
Demanding to believe
Industrials Risk 33 · Moderate
Yield17.4%
Growth used3.0%
10-yr IRR26.4%
Steady compounder · 4 yrs positive P/IV 0.48
Market implies -7.5%/yr vs model +3.0% · below model
OGN
Organon & Co.
Demanding to believe
Healthcare Risk 33 · Moderate
Yield17.3%
Growth used3.0%
10-yr IRR26.3%
Steady compounder · 5 yrs positive P/IV 0.53
Market implies -6.0%/yr vs model +3.0% · below model
INSE
Inspired Entertainment, Inc.
Demanding to believe
Technology Risk 73 · High
Yield12.1%
Growth used10.8%
10-yr IRR26.3%
Moderate grower · 3 yrs positive P/IV 1.78
Market implies +8.8%/yr vs model +10.8% · in line
SNFCA
SECURITY NATIONAL FINANCIAL CORP
Demanding to believe
Financial Services Risk 33 · Moderate
Yield22.5%
Growth used-2.9%
10-yr IRR26.2%
Steady compounder · 5 yrs positive P/IV 0.77
Market implies -12.1%/yr vs model -2.9% · below model
HLF
HERBALIFE LTD.
Demanding to believe
Consumer Defensive Risk 35 · Moderate
Yield17.1%
Growth used3.1%
10-yr IRR26.1%
Steady compounder · 5 yrs positive P/IV 0.43
Market implies -7.6%/yr vs model +3.1% · below model
PMTS
CPI Card Group Inc.
Demanding to believe
Communication Services Risk 37 · Moderate
Yield12.8%
Growth used9.2%
10-yr IRR26.0%
Moderate grower · 5 yrs positive P/IV 0.42
Market implies -3.2%/yr vs model +9.2% · below model
PCRX
Pacira BioSciences, Inc.
Demanding to believe
Healthcare Risk 40 · Elevated
Yield13.3%
Growth used8.3%
10-yr IRR25.9%
Moderate grower · 5 yrs positive P/IV 0.38
Market implies -5.2%/yr vs model +8.3% · below model
APOG
APOGEE ENTERPRISES, INC.
Demanding to believe
Industrials Risk 43 · Elevated
Yield14.1%
Growth used7.0%
10-yr IRR25.9%
Moderate grower · 5 yrs positive P/IV 0.67
Market implies -1.2%/yr vs model +7.0% · below model
INSW
International Seaways, Inc.
Demanding to believe
Industrials Risk 42 · Elevated
Yield9.7%
Growth used15.0%
10-yr IRR25.9%
Grower · 4 yrs positive P/IV 0.15
Market implies -2.4%/yr vs model +24.6% · below model
COTY
COTY INC.
Demanding to believe
Consumer Defensive Risk 31 · Moderate
Yield14.9%
Growth used5.9%
10-yr IRR25.9%
Steady compounder · 5 yrs positive P/IV 0.46
Market implies -3.2%/yr vs model +5.9% · below model
APTV
Aptiv PLC
Demanding to believe
Consumer Cyclical Risk 42 · Elevated
Yield13.9%
Growth used7.2%
10-yr IRR25.8%
Moderate grower · 5 yrs positive P/IV 1.04
Market implies +0.4%/yr vs model +7.2% · below model
CAG
CONAGRA BRANDS INC.
Demanding to believe
Consumer Defensive Risk 33 · Moderate
Yield17.0%
Growth used3.0%
10-yr IRR25.8%
Steady compounder · 5 yrs positive P/IV 0.21
Market implies -16.0%/yr vs model +3.0% · below model
TNK
TEEKAY TANKERS LTD.
Demanding to believe
Industrials Risk 37 · Moderate
Yield10.9%
Growth used12.4%
10-yr IRR25.8%
Grower · 4 yrs positive P/IV 0.18
Market implies -7.8%/yr vs model +12.4% · below model
PERI
Perion Network Ltd.
Demanding to believe
Technology Risk 64 · High
Yield16.9%
Growth used3.0%
10-yr IRR25.7%
Steady compounder · 4 yrs positive P/IV 4.09
Market implies +21.8%/yr vs model +3.0% · above model
JL
J-Long Group Ltd
Demanding to believe
Consumer Cyclical Risk 30 · Moderate
Yield13.9%
Growth used7.0%
10-yr IRR25.5%
Moderate grower · 3 yrs positive P/IV 0.24
Market implies -23.3%/yr vs model +7.0% · below model
INMD
InMode Ltd.
Demanding to believe
Healthcare Risk 37 · Moderate
Yield13.4%
Growth used7.6%
10-yr IRR25.5%
Moderate grower · 5 yrs positive P/IV 0.65
Market implies +0.5%/yr vs model +7.6% · below model
ENR
ENERGIZER HOLDINGS, INC.
Demanding to believe
Technology Risk 47 · Elevated
Yield16.5%
Growth used3.2%
10-yr IRR25.4%
Steady compounder · 4 yrs positive P/IV 0.51
Market implies -6.3%/yr vs model +3.2% · below model
HY
HYSTER-YALE, INC.
Demanding to believe
Industrials Risk 66 · High
Yield14.8%
Growth used5.5%
10-yr IRR25.4%
Steady compounder · 4 yrs positive P/IV 3.42
Market implies +20.0%/yr vs model +5.5% · above model
RNGR
Ranger Energy Services, Inc.
Demanding to believe
Energy Risk 34 · Moderate
Yield13.1%
Growth used8.0%
10-yr IRR25.3%
Moderate grower · 4 yrs positive P/IV 0.45
Market implies -4.6%/yr vs model +8.0% · below model
PYPL
PayPal Holdings, Inc.
Demanding to believe
Technology Risk 23 · Moderate
Yield10.6%
Growth used12.5%
10-yr IRR25.3%
Grower · 5 yrs positive P/IV 0.50
Market implies +2.5%/yr vs model +12.5% · below model
CMT
CORE MOLDING TECHNOLOGIES INC
Demanding to believe
Consumer Cyclical Risk 43 · Elevated
Yield9.4%
Growth used15.0%
10-yr IRR25.3%
Grower · 4 yrs positive P/IV 0.26
Market implies -1.4%/yr vs model +22.2% · below model
DNOW
DNOW Inc.
Demanding to believe
Industrials Risk 39 · Moderate
Yield10.7%
Growth used12.1%
10-yr IRR25.2%
Grower · 4 yrs positive P/IV 0.54
Market implies +4.0%/yr vs model +12.1% · below model
COLM
COLUMBIA SPORTSWEAR CO
Demanding to believe
Consumer Cyclical Risk 54 · Elevated
Yield13.0%
Growth used7.9%
10-yr IRR25.0%
Moderate grower · 4 yrs positive P/IV 1.16
Market implies +6.8%/yr vs model +7.9% · in line
TCOM
Trip.com Group Ltd
Demanding to believe
Technology Risk 43 · Elevated
Yield9.2%
Growth used15.0%
10-yr IRR24.9%
Grower · 5 yrs positive P/IV 0.30
Market implies +0.7%/yr vs model +24.5% · below model
ATKR
Atkore Inc.
Demanding to believe
Technology Risk 43 · Elevated
Yield13.4%
Growth used7.1%
10-yr IRR24.9%
Moderate grower · 5 yrs positive P/IV 0.85
Market implies +5.4%/yr vs model +7.1% · in line
GDRX
GoodRx Holdings, Inc.
Demanding to believe
Technology Risk 42 · Elevated
Yield12.7%
Growth used8.2%
10-yr IRR24.9%
Moderate grower · 5 yrs positive P/IV 1.20
Market implies +11.2%/yr vs model +8.2% · above model
NICE
NICE Ltd.
Demanding to believe
Technology Risk 37 · Moderate
Yield10.1%
Growth used12.9%
10-yr IRR24.8%
Grower · 5 yrs positive P/IV 0.31
Market implies -3.0%/yr vs model +12.9% · below model
WYNN
WYNN RESORTS LTD
Demanding to believe
Consumer Cyclical Risk 43 · Elevated
Yield9.1%
Growth used15.0%
10-yr IRR24.8%
Grower · 3 yrs positive P/IV 0.64
Market implies +4.7%/yr vs model +16.7% · below model
BXC
BlueLinx Holdings Inc.
Demanding to believe
Industrials Risk 41 · Elevated
Yield18.5%
Growth used0.0%
10-yr IRR24.8%
Steady compounder · 4 yrs positive P/IV 0.41
Market implies -10.5%/yr vs model +0.0% · below model
RAIL
FreightCar America, Inc.
Demanding to believe
Consumer Cyclical Risk 41 · Elevated
Yield9.1%
Growth used15.0%
10-yr IRR24.7%
Grower · 3 yrs positive P/IV 0.48
Market implies +1.0%/yr vs model +20.5% · below model
HLLY
Holley Inc.
Demanding to believe
Consumer Cyclical Risk 55 · Elevated
Yield15.9%
Growth used3.0%
10-yr IRR24.5%
Steady compounder · 4 yrs positive P/IV 1.01
Market implies +1.6%/yr vs model +3.0% · in line
LCII
LCI INDUSTRIES
Demanding to believe
Consumer Cyclical Risk 43 · Elevated
Yield15.9%
Growth used3.0%
10-yr IRR24.5%
Steady compounder · 4 yrs positive P/IV 0.71
Market implies -5.1%/yr vs model +3.0% · below model
TTD
Trade Desk, Inc.
Demanding to believe
Technology Risk 34 · Moderate
Yield9.0%
Growth used15.0%
10-yr IRR24.5%
Grower · 3 yrs positive P/IV 0.86
Market implies +9.0%/yr vs model +20.9% · below model
M
Macy's, Inc.
Demanding to believe
Consumer Cyclical Risk 33 · Moderate
Yield13.6%
Growth used6.1%
10-yr IRR24.3%
Moderate grower · 5 yrs positive P/IV 0.42
Market implies -7.3%/yr vs model +6.1% · below model
SGRY
Surgery Partners, Inc.
Demanding to believe
Healthcare Risk 33 · Moderate
Yield11.1%
Growth used10.3%
10-yr IRR24.3%
Moderate grower · 5 yrs positive P/IV 0.45
Market implies -2.6%/yr vs model +10.3% · below model
HESM
Hess Midstream LP
Demanding to believe
Energy Risk 35 · Moderate
Yield13.0%
Growth used6.6%
10-yr IRR23.9%
Moderate grower · 5 yrs positive P/IV 0.30
Market implies -9.1%/yr vs model +6.6% · below model
BBW
BUILD-A-BEAR WORKSHOP INC
Demanding to believe
Consumer Cyclical Risk 41 · Elevated
Yield10.5%
Growth used11.0%
10-yr IRR23.7%
Moderate grower · 5 yrs positive P/IV 0.78
Market implies -0.1%/yr vs model +11.0% · below model
CNM
Core & Main, Inc.
Demanding to believe
Industrials Risk 59 · Elevated
Yield9.2%
Growth used13.6%
10-yr IRR23.7%
Grower · 4 yrs positive P/IV 1.54
Market implies +3.3%/yr vs model +13.6% · below model
OMC
OMNICOM GROUP INC.
Demanding to believe
Technology Risk 34 · Moderate
Yield11.8%
Growth used8.3%
10-yr IRR23.6%
Moderate grower · 5 yrs positive P/IV 0.22
Market implies -12.1%/yr vs model +8.3% · below model