U.K. Potentially Undervalued Companies

DNO

Market Cap: NOK 17.8b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Axalta Coating Systems

Market Cap: US$6.3b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Hollywood Bowl Group

Market Cap: UK£447.6m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and Canada.

Banca IFIS

Market Cap: €1.4b

Provides financial services and solutions for enterprises.

Prosegur Cash

Market Cap: €922.9m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally.

Compagnie Chargeurs Invest

Market Cap: €205.1m

Operates as an industrial and financial company in France, Italy, Germany, the United States, Mainland China, Hong Kong, the United Kingdom, and internationally.

Pharming Group

Market Cap: €1.0b

A biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally.

Talgo

Market Cap: €376.4m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Middleby

Market Cap: US$6.8b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sell of floor coverings, building and construction adhesives, and belt for power transmission and conveyor technology worldwide.

Imperial Brands

Market Cap: UK£21.2b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Mears Group

Market Cap: UK£330.0m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Arcadis

Market Cap: €2.8b

Engages in the design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Equasens Société anonyme

Market Cap: €638.1m

Provides healthcare IT solutions in Europe.

Universal Health Services

Market Cap: US$11.0b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

ICG

Market Cap: UK£5.2b

A private equity firm specializing in direct and fund of fund investments.

Sword Group

Market Cap: €318.5m

Provides IT and software solutions in Luxembourg, Europe, and Asia.

FRP Advisory Group

Market Cap: UK£289.9m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

OSB Group

Market Cap: UK£2.0b

Through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.

Bertrandt

Market Cap: €155.6m

Provides engineering services.

Bytes Technology Group

Market Cap: UK£748.3m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Royal Unibrew

Market Cap: DKK 20.2b

Provides beverages in Denmark, Germany, Norway, Sweden, Italy, the Netherlands, France, Finland, Lithuania, Latvia, Estonia, Belgium, Luxembourg, and internationally.

Tecan Group

Market Cap: CHF 1.7b

Provides laboratory instruments and solutions in biopharmaceuticals, forensics, and clinical diagnostics in Europe, North America, Asia, and internationally.

Prudential

Market Cap: UK£28.2b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

ProCredit Holding

Market Cap: €514.2m

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

Persimmon

Market Cap: UK£3.7b

Operates as a house builder in the United Kingdom.

Accenture

Market Cap: US$119.8b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

NatWest Group

Market Cap: UK£48.0b

Provides banking and financial products and services in the United Kingdom and internationally.

Gamma Communications

Market Cap: UK£854.2m

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

Clariant

Market Cap: CHF 3.6b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Broadridge Financial Solutions

Market Cap: US$18.8b

Provides investor communications and technology-driven solutions for the financial services industry in the United States and internationally.

PZ Cussons

Market Cap: UK£350.2m

Manufactures, distributes, markets, and sells baby, beauty, and hygiene products in Europe, the Asia Pacific, the Americas, and Africa.

Gecina

Market Cap: €5.4b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Oriola Oyj

Market Cap: €175.2m

Engages in the wholesale of pharmaceuticals and health products in Sweden, Finland, and internationally.

Laurent-Perrier

Market Cap: €509.7m

Produces and sells champagne in France.

ARYZTA

Market Cap: CHF 1.5b

Provides products and services for in-store bakery solutions in Europe and internationally.