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$51.2b

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

JD.com

Market Cap: US$41.5b

Operates as a supply chain-based technology and service provider in the People’s Republic of China.

Charter Communications

Market Cap: US$26.7b

Operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States.

Steel Dynamics

Market Cap: US$25.5b

Operates as a steel producer and metal recycler in the United States.

Humana

Market Cap: US$23.3b

Provides medical and specialty insurance products in the United States.

Bunge Global

Market Cap: US$22.3b

Operates as an agribusiness and food company worldwide.

Super Micro Computer

Market Cap: US$18.6b

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

Li Auto

Market Cap: US$17.3b

Operates in the energy vehicle market in the People’s Republic of China.

Annaly Capital Management

Market Cap: US$17.1b

A diversified capital manager, engages in the mortgage finance business.

Corebridge Financial

Market Cap: US$15.8b

Provides retirement solutions and insurance products in the United States.

Kaspi.kz

Market Cap: US$15.4b

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

Fidelity National Financial

Market Cap: US$14.7b

Provides various insurance products in the United States.

Pinnacle Financial Partners

Market Cap: US$14.1b

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.

Everest Group

Market Cap: US$13.6b

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

Ally Financial

Market Cap: US$13.0b

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

Reinsurance Group of America

Market Cap: US$12.9b

Provides reinsurance and financial solutions.

Ovintiv

Market Cap: US$10.8b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

AES

Market Cap: US$10.8b

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

Western Alliance Bancorporation

Market Cap: US$9.6b

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

UMB Financial

Market Cap: US$9.5b

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

Norwegian Cruise Line Holdings

Market Cap: US$9.5b

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

Old National Bancorp

Market Cap: US$9.3b

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

Columbia Banking System

Market Cap: US$8.6b

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$7.7b

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

PennyMac Financial Services

Market Cap: US$7.6b

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

Valley National Bancorp

Market Cap: US$6.8b

Operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products.

Open Text

Market Cap: US$6.8b

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.

Rithm Capital

Market Cap: US$6.6b

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

Prosperity Bancshares

Market Cap: US$6.5b

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

Lear

Market Cap: US$6.2b

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.

MINISO Group Holding

Market Cap: US$5.7b

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$5.7b

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

Atlantic Union Bankshares

Market Cap: US$5.5b

Operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States.