U.S. Undiscovered Gems With Strong Fundamentals

QDM International

Market Cap: US$744.4m

Operates as an insurance brokerage company primarily in Hong Kong.

First Capital Bancshares

Market Cap: US$100.1m

Operates as a holding company for First Capital Bank that provides commercial banking services in the United States.

First Ottawa Bancshares

Market Cap: US$132.2m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and other counties in Illinois.

Cian

Market Cap: US$237.9m

Operates an online real estate classifieds platform in Russia.

Somerset Trust Holding

Market Cap: US$128.6m

Operates as the bank holding company for Somerset Trust Company that provides banking products and services in Pennsylvania.

AMREP

Market Cap: US$124.2m

Through its subsidiaries, engages in the real estate business in the United States.

Permian Basin Royalty Trust

Market Cap: US$497.3m

Permian Basin Royalty Trust holds royalty interests in various oil and gas properties in the United States.

NL Industries

Market Cap: US$392.7m

Through its subsidiaries, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally.

Thomasville Bancshares

Market Cap: US$503.0m

Operates as the bank holding company for Thomasville National Bank that provides a range of banking services to individual and corporate customers primarily in Thomas and Glynn counties, Georgia, Leon County, Florida, and the surrounding counties.

Ranger Energy Services

Market Cap: US$263.7m

Provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States.

John Marshall Bancorp

Market Cap: US$253.5m

Operates as the bank holding company for John Marshall Bank that provides banking products and financial services in the United States.

C&F Financial

Market Cap: US$218.4m

Operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses.

Penns Woods Bancorp

Market Cap: US$230.2m

Operates as the bank holding company for Jersey Shore State Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations in the United States.

Transcontinental Realty Investors

Market Cap: US$297.5m

A Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land.

American Business Bank

Market Cap: US$387.3m

A California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California.

PHX Minerals

Market Cap: US$158.1m

Operates as a natural gas and oil mineral company in the United States.

QNB

Market Cap: US$129.8m

Operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services in the United States.

Citizens Bancorp Investment

Market Cap: US$168.2m

Provides various banking products and services.

Lake Area Corn Processors

Market Cap: US$162.9m

Through its subsidiary, Dakota Ethanol, L.L.C., owns and manages an ethanol plant in South Dakota.

Scientific Energy

Market Cap: US$368.7m

Focuses on e-commerce platform business.

Genie Energy

Market Cap: US$478.1m

Through its subsidiaries, provides energy services in the United States and internationally.

Five Point Holdings

Market Cap: US$820.1m

Designs, owns, and develops mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County.

Comstock Holding Companies

Market Cap: US$101.0m

Operates as a asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C.

G. Willi-Food International

Market Cap: US$216.3m

Designs, imports, markets, and distributes food products under the Willi-Food and Euro European Dairies brand name worldwide.

Natural Grocers by Vitamin Cottage

Market Cap: US$1.2b

Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States.

Foresight Financial Group

Market Cap: US$111.2m

Provides various banking services to individuals and businesses in the United States.

ECB Bancorp

Market Cap: US$148.0m

ECB Bancorp, Inc. operating as a holding company for Everett Co-operative Bank that provides various banking products and services.

BankFirst Capital

Market Cap: US$208.3m

Operates as the bank holding company for BankFirst Financial Services that provides banking and financial services to individual and corporate customers in Mississippi, and northwest and west Alabama.

Exchange Bank (Santa Rosa CA)

Market Cap: US$188.6m

Provides commercial and retail banking products and services to individuals and businesses in California.

Escalade

Market Cap: US$210.9m

Manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally.

National HealthCare

Market Cap: US$1.6b

Engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals.

Mesabi Trust

Market Cap: US$333.5m

A royalty trust, engages in iron ore mining business in the United States.

Gencor Industries

Market Cap: US$202.1m

Designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment.

Waterstone Financial

Market Cap: US$242.6m

Operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States.

Frequency Electronics

Market Cap: US$175.4m

Engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications.

American Integrity Insurance Group

Market Cap: US$337.5m

Operates as an insurance company.