Global Undervalued Small Caps

Avidbank Holdings

Market Cap: US$163.4m

Operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties.

Italian Sea Group

Market Cap: €313.8m

Operates in the luxury yachting industry.

Rank Group

Market Cap: UK£445.0m

Engages in provision of gaming services in Great Britain, Spain, and India.

LSL Property Services

Market Cap: UK£293.0m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

VAALCO Energy

Market Cap: US$361.5m

An independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, and Canada.

Mayr-Melnhof Karton

Market Cap: €1.5b

Manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally.

Opera

Market Cap: US$1.5b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Fine Foods & Pharmaceuticals N.T.M

Market Cap: €184.1m

Fine Foods & Pharmaceuticals N.T.M. S.p.A.

Silicon Motion Technology

Market Cap: US$1.8b

Designs, develops, and markets NAND flash controllers for solid-state storage devices in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally.

A10 Networks

Market Cap: US$1.2b

Provides security and infrastructure solutions in the United States, rest of the Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa.

Banca Sistema

Market Cap: €129.1m

Provides various business and retail banking products and services in Italy.

Qt Group Oyj

Market Cap: €1.4b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Shenzhen Sinexcel ElectricLtd

Market Cap: CN¥9.8b

Provides energy interconnection ecosystem in China, rest of Asia, Oceania, Europe, North America, South America, and Africa.

JK Paper

Market Cap: ₹52.2b

Produces and sells paper products in India.

J. Kumar Infraprojects

Market Cap: ₹47.7b

Engages in the construction business in India.

OFX Group

Market Cap: AU$278.5m

Provides international payments and foreign exchange services in the Asia Pacific, North America, Europe, the Middle East, and Africa.

DXN Holdings Bhd

Market Cap: RM 2.5b

An investment holding company, engages in the manufacture and sale of health supplements and other products on direct sales basis.

NIIT Learning Systems

Market Cap: ₹47.7b

Offers managed training services in India, America, Europe, and internationally.

ULVAC

Market Cap: JP¥250.2b

Engages in vacuum equipment and applications business in Japan and internationally.

Odfjell Technology

Market Cap: NOK 1.7b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, Europe, Kuwait, Malaysia, Asia, and internationally.

CI&T

Market Cap: US$830.7m

Engages in the provision of strategy, design, and software engineering services worldwide.

Sword Group

Market Cap: €292.5m

Provides IT and software solutions worldwide.

LSI Industries

Market Cap: US$465.0m

Manufactures and distributes commercial lighting, graphics, and display solutions across strategic vertical markets.

BELLSYSTEM24 Holdings

Market Cap: JP¥92.2b

Provides outsourcing, technology, and consulting services related to CRM solutions primarily in Japan.

Shijiazhuang Shangtai Technology

Market Cap: CN¥13.5b

Shijiazhuang Shangtai Technology Co., Ltd.

Medi Assist Healthcare Services

Market Cap: ₹31.2b

Provides third party administration services in India and internationally.

Modern Mills

Market Cap: ر.س3.0b

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

Computer Modelling Group

Market Cap: CA$661.1m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

Admie Holding

Market Cap: €686.1m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

JOST Werke

Market Cap: €792.7m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, Pacific, and Africa.

Ashtead Technology Holdings

Market Cap: UK£354.7m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Berkshire Hills Bancorp

Market Cap: US$1.2b

Operates as the bank holding company for Berkshire Bank that provides commercial and retail banking consumer lending, private banking and wealth management services in the United States.

Shenzhen Longli TechnologyLtd

Market Cap: CN¥4.3b

Engages in the research and development, production, and sale of LED backlight display modules in China and internationally.

Chongqing Chuanyi Automation

Market Cap: CN¥10.6b

Researches, manufactures, and markets industrial auto-control systems and devices, and engineering integration services in China.

Pansoft

Market Cap: CN¥4.2b

Provides management information solutions and IT integrated services for large enterprises in China.

PT. Media Nusantara Citra

Market Cap: Rp3.5t

Operates as an integrated media company that produces and distributes various content on television and other platforms in Indonesia.