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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.

FIS
Fidelity National Information Services, Inc.
Demanding to believe
Technology Risk 27 · Moderate
Yield10.8%
Growth used10.0%
10-yr IRR23.5%
Moderate grower · 5 yrs positive P/IV 0.44
Market implies -4.4%/yr vs model +10.0% · below model
RYZ
Ryerson Holding Corp
Demanding to believe
Industrials Risk 59 · Elevated
Yield15.8%
Growth used2.1%
10-yr IRR23.5%
Steady compounder · 4 yrs positive P/IV 3.71
Market implies +18.0%/yr vs model +2.1% · above model
MNDO
MIND CTI LTD
Demanding to believe
Technology Risk 28 · Moderate
Yield18.7%
Growth used-1.5%
10-yr IRR23.4%
Steady compounder · 5 yrs positive P/IV 0.62
Market implies -13.7%/yr vs model -1.5% · below model
RICK
RCI HOSPITALITY HOLDINGS, INC.
Demanding to believe
Consumer Cyclical Risk 35 · Moderate
Yield11.0%
Growth used9.5%
10-yr IRR23.4%
Moderate grower · 5 yrs positive P/IV 0.60
Market implies +0.1%/yr vs model +9.5% · below model
NXST
NEXSTAR MEDIA GROUP, INC.
Demanding to believe
Communication Services Risk 45 · Elevated
Yield15.9%
Growth used1.7%
10-yr IRR23.3%
Steady compounder · 5 yrs positive P/IV 0.49
Market implies -10.1%/yr vs model +1.7% · below model
LBTYB
Liberty Global Ltd.
Demanding to believe
Communication Services Risk 42 · Elevated
Yield17.2%
Growth used0.0%
10-yr IRR23.2%
Steady compounder · 4 yrs positive P/IV 0.33
Market implies -20.5%/yr vs model +0.0% · below model
VVX
V2X, Inc.
Demanding to believe
Industrials Risk 36 · Moderate
Yield8.3%
Growth used15.0%
10-yr IRR23.0%
Grower · 5 yrs positive P/IV 0.44
Market implies +2.3%/yr vs model +19.9% · below model
HCKT
HACKETT GROUP, INC.
Demanding to believe
Industrials Risk 42 · Elevated
Yield11.9%
Growth used7.4%
10-yr IRR23.0%
Moderate grower · 5 yrs positive P/IV 0.84
Market implies +1.0%/yr vs model +7.4% · below model
ARLP
ALLIANCE RESOURCE PARTNERS LP
Demanding to believe
Energy Risk 27 · Moderate
Yield12.0%
Growth used7.2%
10-yr IRR22.9%
Moderate grower · 5 yrs positive P/IV 0.24
Market implies -12.2%/yr vs model +7.2% · below model
SLVM
Sylvamo Corp
Demanding to believe
Basic Materials Risk 40 · Elevated
Yield13.6%
Growth used4.5%
10-yr IRR22.9%
Steady compounder · 5 yrs positive P/IV 0.41
Market implies -11.3%/yr vs model +4.5% · below model
CENTA
CENTRAL GARDEN & PET CO
Demanding to believe
Consumer Defensive Risk 41 · Elevated
Yield14.7%
Growth used3.0%
10-yr IRR22.9%
Steady compounder · 4 yrs positive P/IV 0.40
Market implies -9.1%/yr vs model +3.0% · below model
ZDGE
Zedge, Inc.
Demanding to believe
Technology Risk 46 · Elevated
Yield9.6%
Growth used11.6%
10-yr IRR22.8%
Moderate grower · 5 yrs positive P/IV 1.50
Market implies +10.7%/yr vs model +11.6% · in line
MLKN
MILLERKNOLL, INC.
Demanding to believe
Consumer Cyclical Risk 44 · Elevated
Yield10.5%
Growth used9.7%
10-yr IRR22.7%
Moderate grower · 4 yrs positive P/IV 1.16
Market implies +12.7%/yr vs model +9.7% · in line
PSN
PARSONS CORP
Demanding to believe
Technology Risk 25 · Moderate
Yield8.3%
Growth used14.5%
10-yr IRR22.7%
Grower · 5 yrs positive P/IV 0.65
Market implies +2.0%/yr vs model +14.5% · below model
POST
Post Holdings, Inc.
Demanding to believe
Consumer Defensive Risk 41 · Elevated
Yield9.5%
Growth used11.6%
10-yr IRR22.6%
Moderate grower · 5 yrs positive P/IV 0.31
Market implies -6.7%/yr vs model +11.6% · below model
GEN
Gen Digital Inc.
Demanding to believe
Technology Risk 44 · Elevated
Yield8.2%
Growth used14.6%
10-yr IRR22.6%
Grower · 5 yrs positive P/IV 0.47
Market implies +4.2%/yr vs model +14.6% · below model
DVA
DAVITA INC.
Demanding to believe
Healthcare Risk 39 · Moderate
Yield10.3%
Growth used9.9%
10-yr IRR22.6%
Moderate grower · 5 yrs positive P/IV 0.33
Market implies -6.6%/yr vs model +9.9% · below model
WGO
WINNEBAGO INDUSTRIES INC
Demanding to believe
Consumer Cyclical Risk 43 · Elevated
Yield16.7%
Growth used0.0%
10-yr IRR22.5%
Steady compounder · 5 yrs positive P/IV 0.51
Market implies -14.2%/yr vs model +0.0% · below model
NABL
N-able, Inc.
Demanding to believe
Technology Risk 54 · Elevated
Yield9.8%
Growth used10.8%
10-yr IRR22.4%
Moderate grower · 4 yrs positive P/IV 1.06
Market implies +9.2%/yr vs model +10.8% · in line
LKQ
LKQ CORP
Demanding to believe
Industrials Risk 38 · Moderate
Yield14.2%
Growth used3.0%
10-yr IRR22.3%
Steady compounder · 5 yrs positive P/IV 0.51
Market implies -8.6%/yr vs model +3.0% · below model
TDS
TELEPHONE & DATA SYSTEMS INC /DE/
Demanding to believe
Communication Services Risk 62 · High
Yield11.0%
Growth used8.0%
10-yr IRR22.0%
Moderate grower · 3 yrs positive P/IV 1.24
Market implies +8.9%/yr vs model +8.0% · in line
MELI
MERCADOLIBRE INC
Demanding to believe
Technology Risk 32 · Moderate
Yield7.8%
Growth used15.0%
10-yr IRR22.0%
Grower · 5 yrs positive P/IV 0.29
Market implies +3.1%/yr vs model +25.0% · below model
MGPI
MGP INGREDIENTS INC
Demanding to believe
Consumer Defensive Risk 38 · Moderate
Yield14.7%
Growth used2.0%
10-yr IRR22.0%
Steady compounder · 5 yrs positive P/IV 0.34
Market implies -17.0%/yr vs model +2.0% · below model
OC
Owens Corning
Demanding to believe
Industrials Risk 34 · Moderate
Yield10.5%
Growth used8.9%
10-yr IRR22.0%
Moderate grower · 5 yrs positive P/IV 0.75
Market implies +3.4%/yr vs model +8.9% · below model
ARKO
ARKO Corp.
Demanding to believe
Consumer Defensive Risk 33 · Moderate
Yield12.6%
Growth used5.2%
10-yr IRR21.9%
Steady compounder · 4 yrs positive P/IV —
Market implies -3.7%/yr vs model +5.2% · below model
WNC
WABASH NATIONAL Corp
Demanding to believe
Consumer Cyclical Risk 44 · Elevated
Yield16.1%
Growth used0.0%
10-yr IRR21.9%
Steady compounder · 3 yrs positive P/IV 0.79
Market implies +0.9%/yr vs model +0.0% · in line
SGA
SAGA COMMUNICATIONS INC
Demanding to believe
Communication Services Risk 61 · High
Yield13.9%
Growth used3.0%
10-yr IRR21.9%
Steady compounder · 5 yrs positive P/IV 1.36
Market implies +4.0%/yr vs model +3.0% · in line
FTLF
FITLIFE BRANDS, INC.
Demanding to believe
Healthcare Risk 23 · Moderate
Yield7.7%
Growth used15.0%
10-yr IRR21.8%
Grower · 5 yrs positive P/IV 0.20
Market implies -5.2%/yr vs model +24.5% · below model
TDC
TERADATA CORP /DE/
Demanding to believe
Technology Risk 62 · High
Yield11.4%
Growth used6.8%
10-yr IRR21.7%
Moderate grower · 5 yrs positive P/IV 1.39
Market implies +7.7%/yr vs model +6.8% · in line
GCT
GigaCloud Technology Inc
Demanding to believe
Consumer Cyclical Risk 34 · Moderate
Yield7.6%
Growth used15.0%
10-yr IRR21.7%
Grower · 5 yrs positive P/IV 0.34
Market implies +7.4%/yr vs model +25.0% · below model
MMS
MAXIMUS, INC.
Demanding to believe
Technology Risk 26 · Moderate
Yield9.8%
Growth used9.8%
10-yr IRR21.6%
Moderate grower · 5 yrs positive P/IV 0.43
Market implies -4.0%/yr vs model +9.8% · below model
LEN
LENNAR CORP /NEW/
Demanding to believe
Industrials Risk 43 · Elevated
Yield11.9%
Growth used6.0%
10-yr IRR21.6%
Steady compounder · 4 yrs positive P/IV 0.68
Market implies -2.0%/yr vs model +6.0% · below model
HRB
H&R BLOCK INC
Demanding to believe
Consumer Cyclical Risk 37 · Moderate
Yield10.7%
Growth used8.1%
10-yr IRR21.6%
Moderate grower · 5 yrs positive P/IV 0.32
Market implies -5.6%/yr vs model +8.1% · below model
ULBI
ULTRALIFE CORP
Demanding to believe
Technology Risk 44 · Elevated
Yield7.6%
Growth used15.0%
10-yr IRR21.5%
Grower · 3 yrs positive P/IV 0.97
Market implies +6.3%/yr vs model +16.3% · below model
BLKB
BLACKBAUD INC
Demanding to believe
Technology Risk 42 · Elevated
Yield11.2%
Growth used7.1%
10-yr IRR21.5%
Moderate grower · 5 yrs positive P/IV 0.49
Market implies +0.8%/yr vs model +7.1% · below model
BL
BLACKLINE, INC.
Demanding to believe
Technology Risk 47 · Elevated
Yield8.4%
Growth used12.9%
10-yr IRR21.5%
Grower · 4 yrs positive P/IV 1.03
Market implies +9.4%/yr vs model +12.9% · below model
DECK
DECKERS OUTDOOR CORP
Demanding to believe
Consumer Cyclical Risk 32 · Moderate
Yield8.4%
Growth used12.8%
10-yr IRR21.5%
Grower · 5 yrs positive P/IV 0.72
Market implies +1.5%/yr vs model +12.8% · below model
ZD
ZIFF DAVIS, INC.
Demanding to believe
Communication Services Risk 36 · Moderate
Yield11.3%
Growth used6.7%
10-yr IRR21.4%
Moderate grower · 5 yrs positive P/IV 0.15
Market implies -3.1%/yr vs model +6.7% · below model
SEM
SELECT MEDICAL HOLDINGS CORP
Demanding to believe
Healthcare Risk 43 · Elevated
Yield12.6%
Growth used4.5%
10-yr IRR21.4%
Steady compounder · 5 yrs positive P/IV 0.91
Market implies +2.6%/yr vs model +4.5% · in line
KELYA
KELLY SERVICES INC
Demanding to believe
Technology Risk 34 · Moderate
Yield11.2%
Growth used6.9%
10-yr IRR21.4%
Moderate grower · 4 yrs positive P/IV 0.25
Market implies -10.5%/yr vs model +6.9% · below model
HGV
Hilton Grand Vacations Inc.
Demanding to believe
Consumer Cyclical Risk 64 · High
Yield7.5%
Growth used15.0%
10-yr IRR21.3%
Grower · 5 yrs positive P/IV 1.32
Market implies +13.0%/yr vs model +17.4% · below model
AEO
AMERICAN EAGLE OUTFITTERS INC
Demanding to believe
Consumer Cyclical Risk 59 · Elevated
Yield10.5%
Growth used8.1%
10-yr IRR21.3%
Moderate grower · 5 yrs positive P/IV 1.48
Market implies +12.3%/yr vs model +8.1% · above model
SIG
SIGNET JEWELERS LTD
Demanding to believe
Consumer Cyclical Risk 34 · Moderate
Yield11.1%
Growth used7.0%
10-yr IRR21.3%
Moderate grower · 5 yrs positive P/IV 0.59
Market implies -0.1%/yr vs model +7.0% · below model
DOLE
Dole plc
Demanding to believe
Basic Materials Risk 40 · Elevated
Yield10.5%
Growth used8.0%
10-yr IRR21.2%
Moderate grower · 3 yrs positive P/IV 0.29
Market implies -11.0%/yr vs model +8.0% · below model
SIRI
SIRIUS XM HOLDINGS INC.
Demanding to believe
Communication Services Risk 36 · Moderate
Yield11.0%
Growth used7.0%
10-yr IRR21.2%
Moderate grower · 5 yrs positive P/IV 0.44
Market implies -5.0%/yr vs model +7.0% · below model
CCSI
Consensus Cloud Solutions, Inc.
Demanding to believe
Technology Risk 43 · Elevated
Yield12.7%
Growth used4.1%
10-yr IRR21.2%
Steady compounder · 5 yrs positive P/IV 0.70
Market implies -1.7%/yr vs model +4.1% · below model
HBB
Hamilton Beach Brands Holding Co
Demanding to believe
Technology Risk 34 · Moderate
Yield13.0%
Growth used3.7%
10-yr IRR21.2%
Steady compounder · 4 yrs positive P/IV 0.63
Market implies -0.2%/yr vs model +3.7% · below model
LZ
LEGALZOOM.COM, INC.
Demanding to believe
Technology Risk 57 · Elevated
Yield10.2%
Growth used8.6%
10-yr IRR21.1%
Moderate grower · 3 yrs positive P/IV 2.04
Market implies +15.4%/yr vs model +8.6% · above model
PGNY
Progyny, Inc.
Demanding to believe
Healthcare Risk 39 · Moderate
Yield7.4%
Growth used15.0%
10-yr IRR21.0%
Grower · 3 yrs positive P/IV 0.63
Market implies +13.2%/yr vs model +24.4% · below model
ANIP
ANI PHARMACEUTICALS INC
Demanding to believe
Healthcare Risk 38 · Moderate
Yield7.3%
Growth used15.0%
10-yr IRR21.0%
Grower · 3 yrs positive P/IV 0.21
Market implies -3.8%/yr vs model +25.0% · below model
CMCO
COLUMBUS MCKINNON CORP
Demanding to believe
Industrials Risk 60 · High
Yield9.8%
Growth used9.0%
10-yr IRR20.9%
Moderate grower · 5 yrs positive P/IV 2.30
Market implies +19.3%/yr vs model +9.0% · above model
FBIN
Fortune Brands Innovations, Inc.
Demanding to believe
Industrials Risk 47 · Elevated
Yield11.1%
Growth used6.5%
10-yr IRR20.8%
Moderate grower · 5 yrs positive P/IV 0.99
Market implies +5.9%/yr vs model +6.5% · in line
GPI
GROUP 1 AUTOMOTIVE INC
Demanding to believe
Consumer Cyclical Risk 30 · Moderate
Yield7.3%
Growth used15.0%
10-yr IRR20.8%
Grower · 4 yrs positive P/IV 0.33
Market implies -4.3%/yr vs model +16.0% · below model
GIS
GENERAL MILLS INC
Demanding to believe
Consumer Defensive Risk 34 · Moderate
Yield11.5%
Growth used5.6%
10-yr IRR20.7%
Steady compounder · 5 yrs positive P/IV 0.27
Market implies -10.5%/yr vs model +5.6% · below model
TNL
Travel & Leisure Co.
Demanding to believe
Consumer Cyclical Risk 34 · Moderate
Yield8.8%
Growth used10.9%
10-yr IRR20.7%
Moderate grower · 5 yrs positive P/IV 0.52
Market implies -0.9%/yr vs model +10.9% · below model
WEYS
WEYCO GROUP INC
Demanding to believe
Consumer Defensive Risk 49 · Elevated
Yield13.1%
Growth used3.0%
10-yr IRR20.7%
Steady compounder · 4 yrs positive P/IV 0.81
Market implies +1.9%/yr vs model +3.0% · in line
AMR
Alpha Metallurgical Resources, Inc.
Demanding to believe
Energy Risk 37 · Moderate
Yield13.0%
Growth used3.0%
10-yr IRR20.6%
Steady compounder · 5 yrs positive P/IV 0.42
Market implies -9.5%/yr vs model +3.0% · below model
VRME
VerifyMe, Inc.
Demanding to believe
Financial Services Risk 29 · Moderate
Yield7.2%
Growth used15.0%
10-yr IRR20.6%
Grower · 3 yrs positive P/IV 0.60
Market implies +7.0%/yr vs model +25.0% · below model
MDXG
MIMEDX GROUP, INC.
Demanding to believe
Healthcare Risk 35 · Moderate
Yield7.8%
Growth used13.3%
10-yr IRR20.6%
Grower · 3 yrs positive P/IV 0.40
Market implies +0.9%/yr vs model +13.3% · below model
ADBE
ADOBE INC.
Demanding to believe
Technology Risk 34 · Moderate
Yield7.5%
Growth used14.1%
10-yr IRR20.5%
Grower · 5 yrs positive P/IV 0.40
Market implies -0.2%/yr vs model +14.1% · below model