Global Undervalued Small Caps

Security Bank

Market Cap: ₱54.3b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.8b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.9b

Chongqing Baiya Sanitary Products Co., Ltd.

Hu Lane Associate

Market Cap: NT$15.1b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Assetwise

Market Cap: ฿5.6b

Engages in property development and other real estate activities in Thailand.

Apeejay Surrendra Park Hotels

Market Cap: ₹31.6b

Owns and operates hotels in India.

Cheerwin Group

Market Cap: HK$3.2b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Hackett Group

Market Cap: US$517.5m

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

Tristel

Market Cap: UK£170.9m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Altea Green Power

Market Cap: €125.3m

Supplies and manages renewable energy plants in Italy and the United States.

Plumas Bancorp

Market Cap: US$288.3m

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.

Kaufman & Broad

Market Cap: €558.9m

Operates as a property developer and builder in France.

Gamma Communications

Market Cap: UK£921.6m

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

AKVA group

Market Cap: NOK 3.5b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Austriacard Holdings

Market Cap: €177.7m

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.

Aurelia Metals

Market Cap: AU$448.5m

Engages in the exploration and production of mineral properties in Australia.

Limbach Holdings

Market Cap: US$1.1b

Operates as a building systems solution company in the United States.

Firan Technology Group

Market Cap: CA$259.8m

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

DHT Holdings

Market Cap: US$2.0b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

PORR

Market Cap: €1.2b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

KH Neochem

Market Cap: JP¥95.4b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

CSE Global

Market Cap: S$481.4m

An investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Consun Pharmaceutical Group

Market Cap: HK$12.8b

Researches and develops, manufactures, and sells Chinese medicines and medical contrast medium products in the People’s Republic of China.

Suzhou Alton Electrical & Mechanical Industry

Market Cap: CN¥6.3b

Suzhou Alton Electrical & Mechanical Industry Co., Ltd.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

British American Tobacco Bangladesh

Market Cap: ৳138.3b

Manufactures and sells cigarettes in Bangladesh.

Krsnaa Diagnostics

Market Cap: ₹25.3b

Provides diagnostic services in India.

Nagarro

Market Cap: €627.1m

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

Afentra

Market Cap: UK£95.7m

Operates as an upstream oil and gas company primarily in Africa.

Legacy Education

Market Cap: US$122.5m

Provides education services to students, high school graduates, and working parents in the United States.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Palfinger

Market Cap: €1.2b

Produces and sells crane and lifting solutions in Austria and internationally.

Visco Vision

Market Cap: NT$11.8b

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

Byrna Technologies

Market Cap: US$473.8m

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£200.7m

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

Suzhou Sushi Testing GroupLtd

Market Cap: CN¥8.3b

Provides environmental and reliability test verification equipment and analysis services and solutions.