Global Undervalued Small Caps

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.4b

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.

CLIO CosmeticsLtd

Market Cap: ₩263.7b

Provides makeup products in South Korea and internationally.

MC Group

Market Cap: ฿7.9b

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

ADENTRA

Market Cap: CA$728.8m

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.

Austevoll Seafood

Market Cap: NOK 19.3b

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.

Hanmi Financial

Market Cap: US$688.4m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

Plumas Bancorp

Market Cap: US$285.1m

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: €536.0m

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

CNB Financial

Market Cap: US$486.3m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Business First Bancshares

Market Cap: US$709.9m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Austriacard Holdings

Market Cap: €202.9m

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$286.2m

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

Afry

Market Cap: SEK 17.2b

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.

Silvercorp Metals

Market Cap: CA$1.3b

Acquires, explores, develops, and mines mineral properties in China.

Security Bank

Market Cap: ₱57.2b

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

Hackett Group

Market Cap: US$638.6m

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.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Shenzhen KSTAR Science and Technology

Market Cap: CN¥13.5b

Shenzhen KSTAR Science and Technology Co., Ltd.

Alerus Financial

Market Cap: US$550.7m

Operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.

Nagarro

Market Cap: €703.9m

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

RVRC Holding

Market Cap: SEK 4.8b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

Civista Bancshares

Market Cap: US$380.9m

Operates as the financial holding company for Civista Bank that provides community banking services in the United States.

Serabi Gold

Market Cap: UK£136.3m

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

Furuya Metal

Market Cap: JP¥63.7b

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

Visco Vision

Market Cap: NT$10.6b

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

Australian Clinical Labs

Market Cap: AU$536.4m

Provides pathology diagnostic services in Australia.

Yizumi Holdings

Market Cap: CN¥9.5b

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

Ibotta

Market Cap: US$1.0b

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

Old Second Bancorp

Market Cap: US$778.6m

Operates as the bank holding company for Old Second National Bank that provides community banking services in the United States.

Italian Sea Group

Market Cap: €291.0m

Operates in the yachting industry.

Atlanticus Holdings

Market Cap: US$749.5m

A financial technology company, provides products and services to lenders in the United States.

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.

Yamaichi ElectronicsLtd

Market Cap: JP¥53.4b

Manufactures and sells test, connector, and optical-related products in Japan and internationally.

Bairong

Market Cap: HK$3.8b

An investment holding company, operates as an artificial intelligence (AI) technology services company in China.