U.S. Potentially Undervalued Companies

Diversified Energy

Market Cap: US$829.2m

Operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States.

Planet 13 Holdings

Market Cap: US$96.0m

Planet 13 Holdings Inc., together with its subsidiaries, cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States.

MTU Aero Engines

Market Cap: US$20.1b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

KBC Group

Market Cap: US$39.8b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Pernod Ricard

Market Cap: US$21.0b

Produces and sells wines and spirits worldwide.

Strategic Education

Market Cap: US$2.0b

Provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills.

Bioceres Crop Solutions

Market Cap: US$94.1m

Provides crop productivity solutions.

DaVita

Market Cap: US$9.4b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Gecina

Market Cap: US$6.2b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.0bn Euro as at June 30, 2025.

Wallenius Wilhelmsen

Market Cap: US$39.2b

Engages in the logistics and transportation business worldwide.

Quebecor

Market Cap: US$9.8b

Operates in the telecommunications, media, and sports and entertainment businesses in Canada.

Western Union

Market Cap: US$2.6b

Provides money movement and payment services worldwide.

Altria Group

Market Cap: US$110.4b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

General Mills

Market Cap: US$26.7b

Manufactures and markets branded consumer foods worldwide.

Dow

Market Cap: US$16.3b

Through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

Alexandria Real Estate Equities

Market Cap: US$14.5b

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world.

Geron

Market Cap: US$823.0m

A commercial-stage biopharmaceutical company, focuses on the development of therapeutics products for oncology.

Medical Properties Trust

Market Cap: US$3.0b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Kroger

Market Cap: US$43.4b

Operates as a food and drug retailer in the United States.

Wendy's

Market Cap: US$1.8b

Operates as a quick-service restaurant company in the United States and internationally.

Rio Tinto Group

Market Cap: US$82.9b

Engages in exploring, mining, and processing mineral resources worldwide.

Fortrea Holdings

Market Cap: US$788.1m

A contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide.

Corporación América Airports

Market Cap: US$3.1b

Through its subsidiaries, acquires, develops, and operates airport concessions.

Cellectis

Market Cap: US$215.9m

A clinical stage biotechnological company, develops products based on gene-editing with a portfolio of allogeneic chimeric antigen receptor T-cells product candidates in the field of immuno-oncology and gene therapy product candidates in other therapeutic indications.

CES Energy Solutions

Market Cap: US$2.0b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

4imprint Group

Market Cap: US$877.6m

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

Xtant Medical Holdings

Market Cap: US$89.8m

Provides regenerative medicine products and medical devices for orthopedic and neurological surgeons in the United States and internationally.

Weave Communications

Market Cap: US$548.5m

Provides a customer experience and payments software platform for small and medium-sized healthcare businesses.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: US$88.2b

Provides various banking products and services in Poland and internationally.

Oceaneering International

Market Cap: US$2.6b

Provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally.

Devon Energy

Market Cap: US$23.5b

An independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

EnerSys

Market Cap: US$4.2b

Engages in the provision of stored energy solutions for industrial applications worldwide.

Light & Wonder

Market Cap: US$7.1b

Operates as a cross-platform games company in the United States and internationally.

Canacol Energy

Market Cap: US$83.6m

Operates as an oil and gas company in Colombia.

Clarivate

Market Cap: US$2.5b

Operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific.

Cathay General Bancorp

Market Cap: US$3.4b

Operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States.