Global Undervalued Small Caps

Austevoll Seafood

Market Cap: NOK 18.6b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Gamma Communications

Market Cap: UK£1.0b

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Austriacard Holdings

Market Cap: €197.8m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Firan Technology Group

Market Cap: CA$280.7m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

ADENTRA

Market Cap: CA$734.0m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Afry

Market Cap: SEK 17.4b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

Plumas Bancorp

Market Cap: US$292.0m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

ProCredit Holding

Market Cap: €540.7m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Kaufman & Broad

Market Cap: €619.5m

Operates as a property developer and builder in France.

GPS Participações e Empreendimentos

Market Cap: R$10.1b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.2b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Security Bank

Market Cap: ₱56.1b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

CLIO CosmeticsLtd

Market Cap: ₩283.0b

Provides makeup products in South Korea and internationally.

Hackett Group

Market Cap: US$644.9m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of snack foods in China.

MC Group

Market Cap: ฿8.1b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Nagarro

Market Cap: €756.4m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

SBO

Market Cap: €464.1m

Manufactures and sells steel products worldwide.

Furuya Metal

Market Cap: JP¥60.7b

Manufactures and sells industrial-use precious metal products and temperature sensors in Japan.

Byrna Technologies

Market Cap: US$493.6m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Serabi Gold

Market Cap: UK£142.4m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Visco Vision

Market Cap: NT$10.6b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

Shenzhen KSTAR Science and Technology

Market Cap: CN¥13.3b

Shenzhen KSTAR Science and Technology Co., Ltd.

STI

Market Cap: ₩284.3b

Operates in the semiconductor equipment industry in Korea.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

United Electronics

Market Cap: ر.س6.7b

Engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally.

Breedon Group

Market Cap: UK£1.4b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Italian Sea Group

Market Cap: €297.3m

Operates in the yachting industry.

Avidbank Holdings

Market Cap: US$179.2m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

Synektik Spólka Akcyjna

Market Cap: zł1.8b

Provides products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine applications in Poland.

Verint Systems

Market Cap: US$1.3b

Provides customer engagement solutions worldwide.

MONY Group

Market Cap: UK£1.2b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Lindsay Australia

Market Cap: AU$267.4m

Provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia.

Australian Clinical Labs

Market Cap: AU$546.1m

Provides pathology diagnostic services in Australia.

M1 Kliniken

Market Cap: €266.8m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.