Global Undervalued Small Caps

Jp-HoldingsInc

Market Cap: JP¥53.3b

Provides nursery services in Japan.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥22.5b

Engages in the debugging, media, and other businesses.

Don Muang Tollway

Market Cap: ฿11.8b

Together with its subsidiary, provides elevated toll road service in Thailand.

Nitin Spinners

Market Cap: ₹20.5b

Manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India and internationally.

Zhuzhou Times New Material Technology

Market Cap: CN¥9.7b

Zhuzhou Times New Material Technology Co., Ltd.

Flight Centre Travel Group

Market Cap: AU$2.8b

Provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally.

T&L

Market Cap: ₩594.9b

Engages in the manufacture and sale of medical and polymer material products in South Korea.

Systena

Market Cap: JP¥136.5b

Engages in the solution and framework design, IT service, business solution, and cloud businesses in Japan.

DIP

Market Cap: JP¥112.0b

A labor force solution company, provides personnel recruiting services in Japan.

Nagano Keiki

Market Cap: JP¥36.8b

Manufactures and sells pressure measurement and control equipment in Japan and internationally.

Advanced Media

Market Cap: JP¥15.4b

Engages in planning, design, and development of speech recognition solutions in Japan and internationally.

Itoki

Market Cap: JP¥87.5b

Engages in manufacturing and sale of office furniture in Japan and internationally.

EFC (I)

Market Cap: ₹25.9b

Engages in real estate leasing business in India.

HD Hyundai Infracore

Market Cap: ₩1.6t

Engages in the production and sale of construction equipment, engines, attachments, and utility equipment in South Korea and internationally.

Hexatronic Group

Market Cap: SEK 5.3b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, Rest of Europe, North America, Asia Pacific, the United Kingdom, and internationally.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.6b

Construcciones y Auxiliar de Ferrocarriles, S.A.

Saint Marc Holdings

Market Cap: JP¥43.1b

Through its subsidiaries, engages in the restaurant and cafe business in Japan.

Shibuya

Market Cap: JP¥87.4b

Manufactures and sells packaging and other systems in Japan and internationally.

Ishihara Sangyo KaishaLtd

Market Cap: JP¥68.0b

Engages in the manufacture and sale of organic and inorganic chemicals in Japan, Asia, the United States, Europe, and internationally.

Syuppin

Market Cap: JP¥22.8b

Operates e-commerce websites for buying and selling new and used products in Japan.

Jana Small Finance Bank

Market Cap: ₹50.3b

Provides various banking products and services to individuals and enterprises in India.

A&D HOLON Holdings Company

Market Cap: JP¥50.4b

Provides measurement technologies and products.

Fast Fitness Japan

Market Cap: JP¥27.0b

Plans and manages sports facilities in Japan.

Modern Mills

Market Cap: ر.س3.0b

Manufactures and sells flour and animal feed in the Kingdom of Saudi Arabia.

Altri SGPS

Market Cap: €1.3b

Altri, SGPS, S.A. and its subsidiaries, produces and sells cellulosic fibers in Portugal and internationally.

Northeast Bank

Market Cap: US$721.2m

Provides various banking services to individual and corporate customers in Maine.

Humana

Market Cap: SEK 1.9b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Afya

Market Cap: US$1.8b

Operates as a medical education group in Brazil.

Aurinia Pharmaceuticals

Market Cap: US$1.1b

A biopharmaceutical company that engages in delivering therapies to people living with autoimmune diseases with high unmet medical needs.

Badger Infrastructure Solutions

Market Cap: CA$1.4b

Provides non-destructive excavating and related services in Canada and the United States.

United Bankers Oyj

Market Cap: €187.4m

Provides investment products and services in Finland and Sweden.

Purcari Wineries

Market Cap: RON 544.8m

Through its subsidiaries, engages in the production, bottling, and sale of wines in Central and Eastern Europe.The company also operates a bar and a restaurant.

Newron Pharmaceuticals

Market Cap: CHF 164.5m

A biopharmaceutical company, discovers and develops novel therapies for patients with diseases of the central and peripheral nervous system in Italy and the United States.

Bel Fuse

Market Cap: US$904.2m

Designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits.

Caledonia Mining

Market Cap: US$270.3m

Primarily operates a gold mine in Jersey.

Bar Harbor Bankshares

Market Cap: US$456.8m

Operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses.