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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.

RES
RPC INC
Demanding to believe
Energy Risk 40 · Elevated
Yield10.1%
Growth used8.0%
10-yr IRR20.5%
Moderate grower · 4 yrs positive P/IV 0.69
Market implies -0.1%/yr vs model +8.0% · below model
CNMD
CONMED Corp
Demanding to believe
Healthcare Risk 34 · Moderate
Yield9.4%
Growth used9.4%
10-yr IRR20.5%
Moderate grower · 4 yrs positive P/IV 0.54
Market implies +2.2%/yr vs model +9.4% · below model
RXT
Rackspace Technology, Inc.
Demanding to believe
Technology Risk 75 · High
Yield12.9%
Growth used3.0%
10-yr IRR20.4%
Steady compounder · 4 yrs positive P/IV 3.78
Market implies +15.2%/yr vs model +3.0% · above model
MEC
Mayville Engineering Company, Inc.
Demanding to believe
Industrials Risk 63 · High
Yield11.6%
Growth used5.1%
10-yr IRR20.3%
Steady compounder · 3 yrs positive P/IV 1.72
Market implies +5.4%/yr vs model +5.1% · in line
INGR
Ingredion Inc
Demanding to believe
Consumer Defensive Risk 40 · Elevated
Yield12.2%
Growth used4.0%
10-yr IRR20.3%
Steady compounder · 4 yrs positive P/IV 0.48
Market implies -5.3%/yr vs model +4.0% · below model
OPCH
Option Care Health, Inc.
Demanding to believe
Healthcare Risk 40 · Elevated
Yield7.1%
Growth used14.8%
10-yr IRR20.3%
Grower · 5 yrs positive P/IV 0.42
Market implies +2.3%/yr vs model +14.8% · below model
PRKS
United Parks & Resorts Inc.
Demanding to believe
Communication Services Risk 62 · High
Yield9.9%
Growth used8.2%
10-yr IRR20.3%
Moderate grower · 5 yrs positive P/IV 1.06
Market implies +5.4%/yr vs model +8.2% · in line
WKC
WORLD KINECT CORP
Demanding to believe
Consumer Defensive Risk 32 · Moderate
Yield10.2%
Growth used7.5%
10-yr IRR20.3%
Moderate grower · 5 yrs positive P/IV —
Market implies -6.8%/yr vs model +7.5% · below model
RCKY
ROCKY BRANDS, INC.
Demanding to believe
Consumer Cyclical Risk 41 · Elevated
Yield12.8%
Growth used3.0%
10-yr IRR20.3%
Steady compounder · 4 yrs positive P/IV 0.68
Market implies -3.3%/yr vs model +3.0% · below model
TNET
TRINET GROUP, INC.
Demanding to believe
Technology Risk 43 · Elevated
Yield9.3%
Growth used9.4%
10-yr IRR20.2%
Moderate grower · 5 yrs positive P/IV 0.14
Market implies +4.7%/yr vs model +9.4% · below model
PUBM
PubMatic, Inc.
Demanding to believe
Technology Risk 53 · Elevated
Yield8.3%
Growth used11.6%
10-yr IRR20.1%
Moderate grower · 5 yrs positive P/IV 1.21
Market implies +15.9%/yr vs model +11.6% · above model
LPG
DORIAN LPG LTD.
Demanding to believe
Industrials Risk 35 · Moderate
Yield10.0%
Growth used7.8%
10-yr IRR20.1%
Moderate grower · 5 yrs positive P/IV 0.58
Market implies +2.6%/yr vs model +7.8% · below model
CENT
CENTRAL GARDEN & PET CO
Demanding to believe
Consumer Defensive Risk 40 · Elevated
Yield12.6%
Growth used3.0%
10-yr IRR20.0%
Steady compounder · 4 yrs positive P/IV 0.45
Market implies -7.0%/yr vs model +3.0% · below model
HNNA
HENNESSY ADVISORS INC
Demanding to believe
Financial Services Risk 34 · Moderate
Yield12.1%
Growth used3.8%
10-yr IRR20.0%
Steady compounder · 5 yrs positive P/IV 0.41
Market implies -10.5%/yr vs model +3.8% · below model
SPH
SUBURBAN PROPANE PARTNERS LP
Demanding to believe
Consumer Cyclical Risk 38 · Moderate
Yield11.8%
Growth used4.3%
10-yr IRR20.0%
Steady compounder · 5 yrs positive P/IV 0.51
Market implies -7.2%/yr vs model +4.3% · below model
DOX
AMDOCS LTD
Demanding to believe
Technology Risk 28 · Moderate
Yield8.7%
Growth used10.4%
10-yr IRR20.0%
Moderate grower · 5 yrs positive P/IV 0.54
Market implies -0.2%/yr vs model +10.4% · below model
PRGO
PERRIGO Co plc
Demanding to believe
Healthcare Risk 61 · High
Yield12.2%
Growth used3.5%
10-yr IRR19.9%
Steady compounder · 4 yrs positive P/IV 1.37
Market implies +9.4%/yr vs model +3.5% · above model
CPB
CAMPBELL'S Co
Demanding to believe
Consumer Defensive Risk 34 · Moderate
Yield11.4%
Growth used4.9%
10-yr IRR19.9%
Steady compounder · 5 yrs positive P/IV 0.32
Market implies -9.7%/yr vs model +4.9% · below model
PPC
PILGRIMS PRIDE CORP
Demanding to believe
Consumer Defensive Risk 28 · Moderate
Yield10.7%
Growth used6.1%
10-yr IRR19.8%
Moderate grower · 4 yrs positive P/IV 0.33
Market implies -7.6%/yr vs model +6.1% · below model
ASUR
ASURE SOFTWARE INC
Demanding to believe
Technology Risk 43 · Elevated
Yield6.8%
Growth used15.0%
10-yr IRR19.8%
Grower · 4 yrs positive P/IV 0.84
Market implies +10.1%/yr vs model +21.2% · below model
POWL
POWELL INDUSTRIES INC
Demanding to believe
Technology Risk 45 · Elevated
Yield6.8%
Growth used15.0%
10-yr IRR19.8%
Grower · 3 yrs positive P/IV 1.18
Market implies +10.6%/yr vs model +20.2% · below model
EPAM
EPAM Systems, Inc.
Demanding to believe
Technology Risk 30 · Moderate
Yield8.0%
Growth used11.7%
10-yr IRR19.7%
Moderate grower · 5 yrs positive P/IV 0.60
Market implies +4.9%/yr vs model +11.7% · below model
SXC
SunCoke Energy, Inc.
Demanding to believe
Basic Materials Risk 33 · Moderate
Yield10.8%
Growth used5.7%
10-yr IRR19.7%
Steady compounder · 5 yrs positive P/IV 0.40
Market implies -8.0%/yr vs model +5.7% · below model
TWI
TITAN INTERNATIONAL INC
Demanding to believe
Basic Materials Risk 40 · Elevated
Yield12.4%
Growth used3.0%
10-yr IRR19.7%
Steady compounder · 3 yrs positive P/IV 0.58
Market implies -7.4%/yr vs model +3.0% · below model
SAM
BOSTON BEER CO INC
Demanding to believe
Consumer Defensive Risk 39 · Moderate
Yield10.5%
Growth used6.2%
10-yr IRR19.6%
Moderate grower · 4 yrs positive P/IV 0.32
Market implies -9.8%/yr vs model +6.2% · below model
LE
LANDS' END, INC.
Demanding to believe
Consumer Cyclical Risk 65 · High
Yield13.6%
Growth used1.0%
10-yr IRR19.6%
Steady compounder · 4 yrs positive P/IV 1.24
Market implies +1.0%/yr vs model +1.0% · in line
BLD
TopBuild Corp
Demanding to believe
Industrials Risk 46 · Elevated
Yield7.2%
Growth used13.6%
10-yr IRR19.6%
Grower · 5 yrs positive P/IV 0.87
Market implies +6.5%/yr vs model +13.6% · below model
KTB
Kontoor Brands, Inc.
Demanding to believe
Consumer Cyclical Risk 39 · Moderate
Yield9.9%
Growth used7.2%
10-yr IRR19.5%
Moderate grower · 4 yrs positive P/IV 0.62
Market implies -1.6%/yr vs model +7.2% · below model
RHI
ROBERT HALF INC.
Demanding to believe
Technology Risk 43 · Elevated
Yield10.7%
Growth used5.7%
10-yr IRR19.5%
Steady compounder · 5 yrs positive P/IV 0.60
Market implies +1.3%/yr vs model +5.7% · below model
UHS
UNIVERSAL HEALTH SERVICES INC
Demanding to believe
Healthcare Risk 39 · Moderate
Yield7.5%
Growth used12.8%
10-yr IRR19.4%
Grower · 4 yrs positive P/IV 0.31
Market implies -2.5%/yr vs model +12.8% · below model
PII
Polaris Inc.
Demanding to believe
Consumer Cyclical Risk 40 · Elevated
Yield10.8%
Growth used5.4%
10-yr IRR19.4%
Steady compounder · 3 yrs positive P/IV 0.66
Market implies -4.5%/yr vs model +5.4% · below model
PRIM
Primoris Services Corp
Demanding to believe
Industrials Risk 35 · Moderate
Yield6.6%
Growth used15.0%
10-yr IRR19.3%
Grower · 3 yrs positive P/IV 0.92
Market implies +4.5%/yr vs model +16.7% · below model
DBX
DROPBOX, INC.
Demanding to believe
Technology Risk 34 · Moderate
Yield8.3%
Growth used10.4%
10-yr IRR19.3%
Moderate grower · 5 yrs positive P/IV 0.42
Market implies +1.7%/yr vs model +10.4% · below model
SCVL
SHOE CARNIVAL INC
Demanding to believe
Consumer Cyclical Risk 58 · Elevated
Yield13.6%
Growth used0.6%
10-yr IRR19.2%
Steady compounder · 4 yrs positive P/IV 1.22
Market implies -0.8%/yr vs model +0.6% · in line
PAA
PLAINS ALL AMERICAN PIPELINE LP
Demanding to believe
Energy Risk 39 · Moderate
Yield12.0%
Growth used3.0%
10-yr IRR19.2%
Steady compounder · 5 yrs positive P/IV 0.39
Market implies -7.3%/yr vs model +3.0% · below model
THO
THOR INDUSTRIES INC
Demanding to believe
Consumer Cyclical Risk 51 · Elevated
Yield14.0%
Growth used0.0%
10-yr IRR19.2%
Steady compounder · 5 yrs positive P/IV 1.10
Market implies -1.5%/yr vs model +0.0% · in line
WHR
WHIRLPOOL CORP /DE/
Demanding to believe
Technology Risk 42 · Elevated
Yield14.0%
Growth used0.0%
10-yr IRR19.2%
Steady compounder · 4 yrs positive P/IV 0.71
Market implies -10.3%/yr vs model +0.0% · below model
EXPE
Expedia Group, Inc.
Demanding to believe
Industrials Risk 37 · Moderate
Yield6.6%
Growth used15.0%
10-yr IRR19.1%
Grower · 5 yrs positive P/IV 0.48
Market implies +4.4%/yr vs model +15.0% · below model
GAP
GAP INC
Demanding to believe
Consumer Cyclical Risk 55 · Elevated
Yield12.0%
Growth used3.0%
10-yr IRR19.1%
Steady compounder · 3 yrs positive P/IV 1.12
Market implies +4.5%/yr vs model +3.0% · in line
GPN
GLOBAL PAYMENTS INC
Demanding to believe
Technology Risk 40 · Elevated
Yield9.8%
Growth used7.0%
10-yr IRR19.1%
Moderate grower · 5 yrs positive P/IV 0.66
Market implies +2.2%/yr vs model +7.0% · below model
INVA
Innoviva, Inc.
Demanding to believe
Healthcare Risk 37 · Moderate
Yield10.0%
Growth used6.5%
10-yr IRR19.0%
Moderate grower · 5 yrs positive P/IV 0.33
Market implies -9.4%/yr vs model +6.5% · below model
NATR
NATURES SUNSHINE PRODUCTS INC
Demanding to believe
Healthcare Risk 36 · Moderate
Yield9.9%
Growth used6.8%
10-yr IRR19.0%
Moderate grower · 4 yrs positive P/IV 0.62
Market implies -6.7%/yr vs model +6.8% · below model
G
Genpact LTD
Demanding to believe
Industrials Risk 35 · Moderate
Yield9.1%
Growth used8.2%
10-yr IRR19.0%
Moderate grower · 5 yrs positive P/IV 0.38
Market implies -5.2%/yr vs model +8.2% · below model
PINS
PINTEREST, INC.
Demanding to believe
Technology Risk 58 · Elevated
Yield7.2%
Growth used12.8%
10-yr IRR18.9%
Grower · 3 yrs positive P/IV 1.56
Market implies +15.2%/yr vs model +12.8% · in line
BMY
BRISTOL MYERS SQUIBB CO
Demanding to believe
Healthcare Risk 36 · Moderate
Yield10.1%
Growth used6.1%
10-yr IRR18.9%
Moderate grower · 5 yrs positive P/IV 0.33
Market implies -7.4%/yr vs model +6.1% · below model
JILL
J.Jill, Inc.
Demanding to believe
Consumer Cyclical Risk 35 · Moderate
Yield11.8%
Growth used3.0%
10-yr IRR18.9%
Steady compounder · 5 yrs positive P/IV 0.80
Market implies +5.8%/yr vs model +3.0% · in line
LZB
LA-Z-BOY INC
Demanding to believe
Consumer Cyclical Risk 43 · Elevated
Yield9.1%
Growth used8.2%
10-yr IRR18.9%
Moderate grower · 4 yrs positive P/IV 0.92
Market implies +2.0%/yr vs model +8.2% · below model
STGW
Stagwell Inc
Demanding to believe
Technology Risk 33 · Moderate
Yield6.4%
Growth used15.0%
10-yr IRR18.8%
Grower · 5 yrs positive P/IV 0.77
Market implies +11.0%/yr vs model +16.6% · below model
DLX
DELUXE CORP
Demanding to believe
Communication Services Risk 34 · Moderate
Yield11.6%
Growth used3.3%
10-yr IRR18.8%
Steady compounder · 5 yrs positive P/IV 0.49
Market implies -8.2%/yr vs model +3.3% · below model
KHC
Kraft Heinz Co
Demanding to believe
Consumer Defensive Risk 31 · Moderate
Yield11.2%
Growth used4.0%
10-yr IRR18.8%
Steady compounder · 5 yrs positive P/IV 0.27
Market implies -11.8%/yr vs model +4.0% · below model
LVS
LAS VEGAS SANDS CORP
Demanding to believe
Consumer Cyclical Risk 36 · Moderate
Yield6.4%
Growth used15.0%
10-yr IRR18.8%
Grower · 3 yrs positive P/IV 0.41
Market implies +4.7%/yr vs model +25.0% · below model
ETSY
ETSY INC
Demanding to believe
Technology Risk 57 · Elevated
Yield7.7%
Growth used11.4%
10-yr IRR18.8%
Moderate grower · 5 yrs positive P/IV 1.02
Market implies +10.9%/yr vs model +11.4% · in line
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
Demanding to believe
Technology Risk 24 · Moderate
Yield7.8%
Growth used11.1%
10-yr IRR18.7%
Moderate grower · 3 yrs positive P/IV 0.27
Market implies -10.4%/yr vs model +11.1% · below model
MTCH
Match Group, Inc.
Demanding to believe
Technology Risk 38 · Moderate
Yield8.2%
Growth used10.1%
10-yr IRR18.7%
Moderate grower · 5 yrs positive P/IV 0.63
Market implies +4.0%/yr vs model +10.1% · below model
LYTS
LSI INDUSTRIES INC
Demanding to believe
Technology Risk 60 · High
Yield6.4%
Growth used14.9%
10-yr IRR18.7%
Grower · 4 yrs positive P/IV 1.25
Market implies +11.1%/yr vs model +14.9% · below model
LFVN
Lifevantage Corp
Demanding to believe
Healthcare Risk 48 · Elevated
Yield10.1%
Growth used6.0%
10-yr IRR18.7%
Steady compounder · 5 yrs positive P/IV 1.67
Market implies +6.6%/yr vs model +6.0% · in line
HTLM
HomesToLife Ltd
Demanding to believe
Consumer Cyclical Risk 30 · Moderate
Yield6.4%
Growth used15.0%
10-yr IRR18.7%
Grower · 3 yrs positive P/IV 0.23
Market implies -3.5%/yr vs model +25.0% · below model
GDDY
GoDaddy Inc.
Demanding to believe
Technology Risk 41 · Elevated
Yield8.9%
Growth used8.3%
10-yr IRR18.6%
Moderate grower · 5 yrs positive P/IV 0.36
Market implies -4.1%/yr vs model +8.3% · below model
CCEL
CRYO CELL INTERNATIONAL INC
Demanding to believe
Healthcare Risk 24 · Moderate
Yield10.3%
Growth used5.5%
10-yr IRR18.6%
Steady compounder · 4 yrs positive P/IV 0.28
Market implies -11.8%/yr vs model +5.5% · below model
PAYO
Payoneer Global Inc.
Demanding to believe
Technology Risk 39 · Moderate
Yield6.5%
Growth used14.3%
10-yr IRR18.6%
Grower · 4 yrs positive P/IV 0.83
Market implies +12.1%/yr vs model +14.3% · in line