U.S. Undervalued based on future growth

Apollo Global Management

Market Cap: US$77.1b

A private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.

Ford Motor

Market Cap: US$55.1b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Strategy

Market Cap: US$41.8b

Operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally.

Humana

Market Cap: US$23.1b

Provides medical and specialty insurance products in the United States.

Bunge Global

Market Cap: US$22.7b

Operates as an agribusiness and food company worldwide.

Super Micro Computer

Market Cap: US$18.4b

Develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally.

Corebridge Financial

Market Cap: US$16.2b

Provides retirement solutions and insurance products in the United States.

Pinnacle Financial Partners

Market Cap: US$15.3b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Fidelity National Financial

Market Cap: US$15.2b

Provides various insurance products in the United States.

Kaspi.kz

Market Cap: US$14.1b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Everest Group

Market Cap: US$13.6b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Reinsurance Group of America

Market Cap: US$13.5b

Provides reinsurance and financial solutions.

Ally Financial

Market Cap: US$13.4b

A digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda.

AES

Market Cap: US$11.2b

Operates as a power generation and utility company in the United States and internationally.

Norwegian Cruise Line Holdings

Market Cap: US$10.1b

Operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally.

UMB Financial

Market Cap: US$10.0b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

Old National Bancorp

Market Cap: US$10.0b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Western Alliance Bancorporation

Market Cap: US$10.0b

Operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.

Columbia Banking System

Market Cap: US$9.2b

Operates as the Bank holding company of Columbia Bank that provides banking, private banking, mortgage, and other financial services in the United States.

Ternium

Market Cap: US$8.5b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

OneMain Holdings

Market Cap: US$7.4b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

Prosperity Bancshares

Market Cap: US$7.4b

Operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers.

Lear

Market Cap: US$6.9b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Voya Financial

Market Cap: US$6.8b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

Rithm Capital

Market Cap: US$6.0b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Open Text

Market Cap: US$5.8b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

MINISO Group Holding

Market Cap: US$5.8b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Virtu Financial

Market Cap: US$5.8b

Operates as a financial services company in the United States, Ireland, and internationally.

Brink's

Market Cap: US$5.3b

Provides cash and valuables management, digital retail solutions, and automated teller machines (ATM) managed services in North America, Latin America, Europe, and internationally.

Kyndryl Holdings

Market Cap: US$5.3b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Lazard

Market Cap: US$5.2b

Operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Avnet

Market Cap: US$5.2b

Distributes electronic component technology in the Americas, Europe, the Middle East, Africa, and Asia/Pacific.

Shift4 Payments

Market Cap: US$5.2b

Engages in the provision of software and payment processing solutions in the United States and internationally.

Ingram Micro Holding

Market Cap: US$5.1b

Through its subsidiaries, distributes information technology products, cloud, and other services in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally.

Millrose Properties

Market Cap: US$5.1b

Millrose purchases and develops residential land and sells finished homesites to homebuilders by way of option contracts with predetermined costs and takedown schedules.

PennyMac Financial Services

Market Cap: US$5.0b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.