U.K. Potentially Undervalued Companies

Axalta Coating Systems

Market Cap: US$6.4b

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.

Equasens Société anonyme

Market Cap: €626.0m

Provides healthcare IT solutions in Europe.

Universal Health Services

Market Cap: US$11.1b

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

Accenture

Market Cap: US$121.3b

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

Pharming Group

Market Cap: €1.1b

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.

Hollywood Bowl Group

Market Cap: UK£458.5m

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

Persimmon

Market Cap: UK£3.9b

Operates as a house builder in the United Kingdom.

Talgo

Market Cap: €371.1m

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

Middleby

Market Cap: US$6.7b

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

Imperial Brands

Market Cap: UK£21.6b

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

Sword Group

Market Cap: €322.3m

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

Compagnie Chargeurs Invest

Market Cap: €205.9m

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

Mears Group

Market Cap: UK£325.7m

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

Prudential

Market Cap: UK£28.4b

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

Prosegur Cash

Market Cap: €940.4m

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

FRP Advisory Group

Market Cap: UK£282.7m

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

Gamma Communications

Market Cap: UK£830.7m

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

OSB Group

Market Cap: UK£2.0b

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

AMG Critical Materials

Market Cap: €1.3b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Bytes Technology Group

Market Cap: UK£748.8m

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

ProCredit Holding

Market Cap: €532.4m

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

Bertrandt

Market Cap: €162.2m

Provides engineering services.

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.

DNO

Market Cap: NOK 17.1b

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

ICG

Market Cap: UK£5.3b

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

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.

Gecina

Market Cap: €5.5b

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.

IQVIA Holdings

Market Cap: US$29.6b

Provides clinical research services, commercial insights, and healthcare intelligence to the life sciences and healthcare industries in the Americas, Europe, Africa, and the Asia-Pacific.

THOR Industries

Market Cap: US$4.2b

Designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally.

Abercrombie & Fitch

Market Cap: US$4.2b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Trip.com Group

Market Cap: US$36.1b

Through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally.

Broadridge Financial Solutions

Market Cap: US$19.0b

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

CPH Group

Market Cap: CHF 359.7m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Prudential

Market Cap: UK£28.4b

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

Imperial Brands

Market Cap: UK£21.6b

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