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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.

TACT
TRANSACT TECHNOLOGIES INC
Demanding to believe
Technology Risk 24 · Moderate
Yield8.8%
Growth used8.5%
10-yr IRR18.5%
Moderate grower · 3 yrs positive P/IV 0.42
Market implies -6.4%/yr vs model +8.5% · below model
WEX
WEX Inc.
Demanding to believe
Technology Risk 40 · Elevated
Yield6.9%
Growth used13.4%
10-yr IRR18.5%
Grower · 4 yrs positive P/IV 0.96
Market implies +13.5%/yr vs model +13.4% · in line
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
Demanding to believe
Technology Risk 35 · Moderate
Yield7.4%
Growth used11.7%
10-yr IRR18.5%
Moderate grower · 5 yrs positive P/IV 0.46
Market implies -1.0%/yr vs model +11.7% · below model
MATV
Mativ Holdings, Inc.
Demanding to believe
Basic Materials Risk 32 · Moderate
Yield8.9%
Growth used8.0%
10-yr IRR18.4%
Moderate grower · 5 yrs positive P/IV 0.61
Market implies +2.4%/yr vs model +8.0% · below model
VEON
VEON Ltd.
Demanding to believe
Communication Services Risk 38 · Moderate
Yield11.4%
Growth used3.3%
10-yr IRR18.4%
Steady compounder · 5 yrs positive P/IV 0.59
Market implies -4.4%/yr vs model +3.3% · below model
CRC
California Resources Corp
Demanding to believe
Energy Risk 31 · Moderate
Yield9.0%
Growth used7.6%
10-yr IRR18.3%
Moderate grower · 5 yrs positive P/IV 0.48
Market implies -3.6%/yr vs model +7.6% · below model
RSSS
Research Solutions, Inc.
Demanding to believe
Technology Risk 34 · Moderate
Yield6.8%
Growth used13.1%
10-yr IRR18.3%
Grower · 4 yrs positive P/IV 0.90
Market implies +6.4%/yr vs model +13.1% · below model
CSV
CARRIAGE SERVICES INC
Demanding to believe
Consumer Cyclical Risk 41 · Elevated
Yield8.8%
Growth used8.1%
10-yr IRR18.3%
Moderate grower · 5 yrs positive P/IV 0.95
Market implies +1.9%/yr vs model +8.1% · below model
FLUT
Flutter Entertainment plc
Demanding to believe
Technology Risk 42 · Elevated
Yield6.2%
Growth used15.0%
10-yr IRR18.3%
Grower · 4 yrs positive P/IV 0.14
Market implies +9.5%/yr vs model +17.7% · below model
HURN
Huron Consulting Group Inc.
Demanding to believe
Industrials Risk 34 · Moderate
Yield6.2%
Growth used15.0%
10-yr IRR18.3%
Grower · 4 yrs positive P/IV 0.36
Market implies +3.5%/yr vs model +17.3% · below model
HTHT
H World Group Ltd
Demanding to believe
Consumer Cyclical Risk 36 · Moderate
Yield6.7%
Growth used13.5%
10-yr IRR18.2%
Grower · 4 yrs positive P/IV 0.45
Market implies +0.1%/yr vs model +13.5% · below model
PZZA
PAPA JOHNS INTERNATIONAL INC
Demanding to believe
Consumer Cyclical Risk 73 · High
Yield10.4%
Growth used4.7%
10-yr IRR18.2%
Steady compounder · 5 yrs positive P/IV 1.33
Market implies +0.2%/yr vs model +4.7% · below model
NX
Quanex Building Products CORP
Demanding to believe
Basic Materials Risk 58 · Elevated
Yield8.8%
Growth used8.0%
10-yr IRR18.2%
Moderate grower · 5 yrs positive P/IV 1.21
Market implies +10.5%/yr vs model +8.0% · in line
PTEN
PATTERSON UTI ENERGY INC
Demanding to believe
Energy Risk 37 · Moderate
Yield8.8%
Growth used8.0%
10-yr IRR18.2%
Moderate grower · 4 yrs positive P/IV 0.41
Market implies -3.7%/yr vs model +8.0% · below model
HLX
HELIX ENERGY SOLUTIONS GROUP INC
Demanding to believe
Energy Risk 40 · Elevated
Yield8.8%
Growth used8.0%
10-yr IRR18.2%
Moderate grower · 5 yrs positive P/IV 0.64
Market implies +1.1%/yr vs model +8.0% · below model
BCO
BRINKS CO
Demanding to believe
Industrials Risk 37 · Moderate
Yield8.0%
Growth used9.9%
10-yr IRR18.1%
Moderate grower · 5 yrs positive P/IV 0.58
Market implies +1.3%/yr vs model +9.9% · below model
PBH
Prestige Consumer Healthcare Inc.
Demanding to believe
Healthcare Risk 38 · Moderate
Yield10.7%
Growth used4.1%
10-yr IRR18.1%
Steady compounder · 5 yrs positive P/IV 0.38
Market implies -8.7%/yr vs model +4.1% · below model
FHI
FEDERATED HERMES, INC.
Demanding to believe
Financial Services Risk 37 · Moderate
Yield7.0%
Growth used12.3%
10-yr IRR18.1%
Grower · 5 yrs positive P/IV 0.58
Market implies +3.6%/yr vs model +12.3% · below model
TS
TENARIS SA
Demanding to believe
Basic Materials Risk 54 · Elevated
Yield8.7%
Growth used8.0%
10-yr IRR18.0%
Moderate grower · 4 yrs positive P/IV 0.96
Market implies +5.9%/yr vs model +8.0% · in line
DV
DoubleVerify Holdings, Inc.
Demanding to believe
Technology Risk 26 · Moderate
Yield6.1%
Growth used15.0%
10-yr IRR18.0%
Grower · 5 yrs positive P/IV 0.65
Market implies +12.4%/yr vs model +19.3% · below model
ICLR
ICON PLC
Demanding to believe
Industrials Risk 32 · Moderate
Yield6.1%
Growth used15.0%
10-yr IRR17.9%
Grower · 5 yrs positive P/IV 0.34
Market implies +5.7%/yr vs model +23.6% · below model
CMPR
CIMPRESS plc
Demanding to believe
Communication Services Risk 57 · Elevated
Yield8.9%
Growth used7.5%
10-yr IRR17.9%
Moderate grower · 5 yrs positive P/IV 1.02
Market implies +4.3%/yr vs model +7.5% · below model
JAZZ
Jazz Pharmaceuticals plc
Demanding to believe
Healthcare Risk 41 · Elevated
Yield8.3%
Growth used8.9%
10-yr IRR17.9%
Moderate grower · 5 yrs positive P/IV 0.49
Market implies -1.4%/yr vs model +8.9% · below model
BYD
BOYD GAMING CORP
Demanding to believe
Consumer Cyclical Risk 41 · Elevated
Yield7.9%
Growth used9.9%
10-yr IRR17.9%
Moderate grower · 5 yrs positive P/IV 0.62
Market implies +1.0%/yr vs model +9.9% · below model
AZZ
AZZ INC
Demanding to believe
Industrials Risk 41 · Elevated
Yield6.1%
Growth used15.0%
10-yr IRR17.9%
Grower · 5 yrs positive P/IV —
Market implies -2.0%/yr vs model +25.0% · below model
SMG
SCOTTS MIRACLE-GRO CO
Demanding to believe
Basic Materials Risk 73 · High
Yield13.0%
Growth used0.0%
10-yr IRR17.9%
Steady compounder · 4 yrs positive P/IV 1.33
Market implies +1.5%/yr vs model +0.0% · in line
SON
SONOCO PRODUCTS CO
Demanding to believe
Basic Materials Risk 36 · Moderate
Yield9.1%
Growth used6.9%
10-yr IRR17.9%
Moderate grower · 5 yrs positive P/IV 0.64
Market implies -0.5%/yr vs model +6.9% · below model
VTRS
Viatris Inc
Demanding to believe
Healthcare Risk 38 · Moderate
Yield11.2%
Growth used2.9%
10-yr IRR17.8%
Steady compounder · 5 yrs positive P/IV 0.71
Market implies -1.8%/yr vs model +2.9% · below model
TOL
Toll Brothers, Inc.
Demanding to believe
Industrials Risk 37 · Moderate
Yield7.9%
Growth used9.8%
10-yr IRR17.8%
Moderate grower · 5 yrs positive P/IV 0.76
Market implies +3.7%/yr vs model +9.8% · below model
XRAY
DENTSPLY SIRONA Inc.
Demanding to believe
Healthcare Risk 62 · High
Yield9.8%
Growth used5.5%
10-yr IRR17.8%
Steady compounder · 5 yrs positive P/IV 2.26
Market implies +16.2%/yr vs model +5.5% · above model
ACN
Accenture plc
Demanding to believe
Technology Risk 34 · Moderate
Yield7.8%
Growth used10.0%
10-yr IRR17.8%
Moderate grower · 5 yrs positive P/IV 0.56
Market implies +0.8%/yr vs model +10.0% · below model
PATK
PATRICK INDUSTRIES INC
Demanding to believe
Consumer Cyclical Risk 50 · Elevated
Yield11.1%
Growth used3.0%
10-yr IRR17.8%
Steady compounder · 5 yrs positive P/IV 0.92
Market implies -1.5%/yr vs model +3.0% · below model
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
Demanding to believe
Healthcare Risk 28 · Moderate
Yield7.2%
Growth used11.5%
10-yr IRR17.8%
Moderate grower · 3 yrs positive P/IV 0.63
Market implies +1.3%/yr vs model +11.5% · below model
AXP
AMERICAN EXPRESS CO
Demanding to believe
Financial Services Risk 38 · Moderate
Yield6.7%
Growth used12.9%
10-yr IRR17.7%
Grower · 5 yrs positive P/IV 0.62
Market implies +3.9%/yr vs model +12.9% · below model
NOV
NOV Inc.
Demanding to believe
Industrials Risk 28 · Moderate
Yield7.3%
Growth used11.0%
10-yr IRR17.7%
Moderate grower · 3 yrs positive P/IV 0.65
Market implies +3.3%/yr vs model +11.0% · below model
RSVR
Reservoir Media, Inc.
Demanding to believe
Communication Services Risk 40 · Elevated
Yield6.0%
Growth used15.0%
10-yr IRR17.7%
Grower · 5 yrs positive P/IV 0.61
Market implies +3.4%/yr vs model +15.4% · below model
SCSC
SCANSOURCE, INC.
Demanding to believe
Industrials Risk 49 · Elevated
Yield10.1%
Growth used4.7%
10-yr IRR17.7%
Steady compounder · 3 yrs positive P/IV 1.03
Market implies +6.8%/yr vs model +4.7% · in line
GLP
GLOBAL PARTNERS LP
Demanding to believe
Consumer Defensive Risk 39 · Moderate
Yield10.5%
Growth used4.0%
10-yr IRR17.6%
Steady compounder · 3 yrs positive P/IV 0.34
Market implies -9.6%/yr vs model +4.0% · below model
SND
Smart Sand, Inc.
Demanding to believe
Basic Materials Risk 35 · Moderate
Yield8.5%
Growth used8.0%
10-yr IRR17.6%
Moderate grower · 4 yrs positive P/IV 0.38
Market implies -6.0%/yr vs model +8.0% · below model
ANF
ABERCROMBIE & FITCH CO /DE/
Demanding to believe
Consumer Cyclical Risk 42 · Elevated
Yield6.6%
Growth used12.8%
10-yr IRR17.6%
Grower · 4 yrs positive P/IV 0.55
Market implies +10.5%/yr vs model +12.8% · in line
LAZ
Lazard, Inc.
Demanding to believe
Financial Services Risk 64 · High
Yield10.1%
Growth used4.7%
10-yr IRR17.6%
Steady compounder · 4 yrs positive P/IV 3.44
Market implies +19.9%/yr vs model +4.7% · above model
ALC
ALCON INC
Demanding to believe
Healthcare Risk 31 · Moderate
Yield5.9%
Growth used15.0%
10-yr IRR17.6%
Grower · 4 yrs positive P/IV 0.31
Market implies +1.6%/yr vs model +21.9% · below model
MNDY
monday.com Ltd.
Demanding to believe
Technology Risk 34 · Moderate
Yield5.9%
Growth used15.0%
10-yr IRR17.5%
Grower · 3 yrs positive P/IV 0.76
Market implies +15.7%/yr vs model +25.0% · below model
SPOK
Spok Holdings, Inc
Demanding to believe
Communication Services Risk 36 · Moderate
Yield11.0%
Growth used3.0%
10-yr IRR17.5%
Steady compounder · 3 yrs positive P/IV 0.65
Market implies -4.5%/yr vs model +3.0% · below model
RAVE
RAVE RESTAURANT GROUP, INC.
Demanding to believe
Consumer Defensive Risk 34 · Moderate
Yield7.0%
Growth used11.7%
10-yr IRR17.5%
Moderate grower · 5 yrs positive P/IV 0.52
Market implies -3.3%/yr vs model +11.7% · below model
NUTX
Nutex Health Inc.
Demanding to believe
Technology Risk 30 · Moderate
Yield5.9%
Growth used15.0%
10-yr IRR17.5%
Grower · 4 yrs positive P/IV 0.26
Market implies +5.6%/yr vs model +25.0% · below model
PHM
PULTEGROUP INC/MI/
Demanding to believe
Industrials Risk 40 · Elevated
Yield7.7%
Growth used10.0%
10-yr IRR17.5%
Moderate grower · 5 yrs positive P/IV 0.66
Market implies +2.4%/yr vs model +10.0% · below model
VISN
Vistance Networks, Inc.
Demanding to believe
Technology Risk 65 · High
Yield16.5%
Growth used-5.0%
10-yr IRR17.5%
Steady compounder · 4 yrs positive P/IV 3.48
Market implies +1.2%/yr vs model -10.0% · above model
NSIT
INSIGHT ENTERPRISES INC
Demanding to believe
Consumer Cyclical Risk 53 · Elevated
Yield9.2%
Growth used6.2%
10-yr IRR17.4%
Moderate grower · 5 yrs positive P/IV 1.04
Market implies +11.8%/yr vs model +6.2% · above model
SBH
Sally Beauty Holdings, Inc.
Demanding to believe
Consumer Cyclical Risk 41 · Elevated
Yield9.6%
Growth used5.4%
10-yr IRR17.4%
Steady compounder · 5 yrs positive P/IV 0.60
Market implies -0.9%/yr vs model +5.4% · below model
HPQ
HP INC
Demanding to believe
Technology Risk 38 · Moderate
Yield8.8%
Growth used7.0%
10-yr IRR17.3%
Moderate grower · 5 yrs positive P/IV 0.64
Market implies +3.4%/yr vs model +7.0% · below model
LDOS
Leidos Holdings, Inc.
Demanding to believe
Technology Risk 29 · Moderate
Yield7.5%
Growth used10.1%
10-yr IRR17.3%
Moderate grower · 5 yrs positive P/IV 0.37
Market implies -4.4%/yr vs model +10.1% · below model
MTN
VAIL RESORTS INC
Demanding to believe
Communication Services Risk 34 · Moderate
Yield6.5%
Growth used12.8%
10-yr IRR17.3%
Grower · 5 yrs positive P/IV 0.57
Market implies +3.2%/yr vs model +12.8% · below model
WOOF
Petco Health & Wellness Company, Inc.
Demanding to believe
Consumer Cyclical Risk 57 · Elevated
Yield10.8%
Growth used3.0%
10-yr IRR17.3%
Steady compounder · 3 yrs positive P/IV 3.37
Market implies +15.4%/yr vs model +3.0% · above model
FOXF
FOX FACTORY HOLDING CORP
Demanding to believe
Consumer Cyclical Risk 60 · High
Yield9.9%
Growth used4.6%
10-yr IRR17.2%
Steady compounder · 4 yrs positive P/IV —
Market implies +27.3%/yr vs model +4.6% · above model
APWC
ASIA PACIFIC WIRE & CABLE CORP LTD
Demanding to believe
Basic Materials Risk 26 · Moderate
Yield9.7%
Growth used5.0%
10-yr IRR17.2%
Steady compounder · 3 yrs positive P/IV 0.20
Market implies -22.5%/yr vs model +5.0% · below model
CRNT
CERAGON NETWORKS LTD
Demanding to believe
Technology Risk 59 · Elevated
Yield9.1%
Growth used6.3%
10-yr IRR17.2%
Moderate grower · 3 yrs positive P/IV 1.99
Market implies +8.3%/yr vs model +6.3% · in line
MCFT
MasterCraft Boat Holdings, Inc.
Demanding to believe
Consumer Cyclical Risk 59 · Elevated
Yield14.2%
Growth used-2.4%
10-yr IRR17.2%
Steady compounder · 4 yrs positive P/IV 1.25
Market implies -3.9%/yr vs model -2.4% · in line
SHEL
Shell plc
Demanding to believe
Energy Risk 38 · Moderate
Yield11.6%
Growth used1.6%
10-yr IRR17.2%
Steady compounder · 5 yrs positive P/IV 0.72
Market implies -3.7%/yr vs model +1.6% · below model
LRN
Stride, Inc.
Demanding to believe
Consumer Defensive Risk 34 · Moderate
Yield7.6%
Growth used9.8%
10-yr IRR17.2%
Moderate grower · 5 yrs positive P/IV 0.34
Market implies -7.1%/yr vs model +9.8% · below model