Global Undervalued Small Caps

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.

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: ฿8.0b

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

CLIO CosmeticsLtd

Market Cap: ₩286.2b

Provides makeup products in South Korea and internationally.

Austevoll Seafood

Market Cap: NOK 19.1b

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.

ProCredit Holding

Market Cap: €570.1m

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

Flowco Holdings

Market Cap: US$1.6b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Afry

Market Cap: SEK 17.7b

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.

Kaufman & Broad

Market Cap: €615.6m

Operates as a property developer and builder in France.

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: €195.3m

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.

Plumas Bancorp

Market Cap: US$322.5m

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.

Firan Technology Group

Market Cap: CA$289.5m

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

GPS Participações e Empreendimentos

Market Cap: R$10.4b

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

Security Bank

Market Cap: ₱56.8b

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

Hackett Group

Market Cap: US$680.9m

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

City Cement

Market Cap: ر.س2.4b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

North East Rubber

Market Cap: ฿7.8b

Manufactures and sells rubber products in Thailand.

Visco Vision

Market Cap: NT$10.5b

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

Furuya Metal

Market Cap: JP¥61.3b

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

Shenzhen KSTAR Science and Technology

Market Cap: CN¥13.2b

Shenzhen KSTAR Science and Technology Co., Ltd.

SBO

Market Cap: €464.1m

Manufactures and sells steel products worldwide.

Nagarro

Market Cap: €733.0m

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

Serabi Gold

Market Cap: UK£146.5m

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

Hansae

Market Cap: ₩436.8b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Australian Clinical Labs

Market Cap: AU$546.1m

Provides pathology diagnostic services in Australia.

Yizumi Holdings

Market Cap: CN¥9.6b

Designs, researches and develops, manufactures, sells, and services various molding machines in China and internationally.

Italian Sea Group

Market Cap: €302.1m

Operates in the yachting industry.

Breedon Group

Market Cap: UK£1.3b

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

Ibotta

Market Cap: US$1.1b

A technology company, provides digital promotion services to clients in the United States.

Synektik Spólka Akcyjna

Market Cap: zł1.7b

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

Avidbank Holdings

Market Cap: US$167.6m

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

Verint Systems

Market Cap: US$1.2b

Provides customer engagement solutions worldwide.

Lindsay Australia

Market Cap: AU$261.9m

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

HDC Hyundai Development

Market Cap: ₩1.5t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

PixArt Imaging

Market Cap: NT$30.6b

Researches, designs, produces, and sells CMOS image sensors and related ICs in Taiwan, Hong Kong, China, Japan, and internationally.