U.S. Undervalued based on future growth

Ingram Micro Holding

Market Cap: US$5.2b

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

MINISO Group Holding

Market Cap: US$5.1b

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.

Rithm Capital

Market Cap: US$5.0b

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

Avnet

Market Cap: US$4.9b

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

Atlantic Union Bankshares

Market Cap: US$4.9b

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.

Credit Acceptance

Market Cap: US$4.8b

Engages in the provision of financing programs, and related products and services in the United States.

Alkermes

Market Cap: US$4.7b

A biopharmaceutical company, engages in the research, development, and commercialization of pharmaceutical products to address unmet medical needs of patients in therapeutic areas in the United States, Ireland, and internationally.

Axos Financial

Market Cap: US$4.7b

Operates as a consumer and business banking provider in the United States.

PennyMac Financial Services

Market Cap: US$4.6b

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

Copa Holdings

Market Cap: US$4.6b

Through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean.

Travel + Leisure

Market Cap: US$4.4b

Provides hospitality services and travel products in the United States and internationally.

Victory Capital Holdings

Market Cap: US$4.4b

Operates as an asset management company in the United States and internationally.

Moelis

Market Cap: US$4.3b

Operates as an investment banking advisory company in North and South America, Europe, the Middle East, Asia, and Australia.

Brink's

Market Cap: US$4.1b

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

Associated Banc-Corp

Market Cap: US$4.0b

A bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, and Minnesota.

Victoria's Secret

Market Cap: US$3.9b

Operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.

Indivior Pharmaceuticals

Market Cap: US$3.8b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Lazard

Market Cap: US$3.7b

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

Howard Hughes Holdings

Market Cap: US$3.7b

Develops master planned communities (MPCs) in the United States.

Independent Bank

Market Cap: US$3.6b

Operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States.

Signet Jewelers

Market Cap: US$3.6b

Operates as a diamond jewelry retailer in the United States, Canada, the United Kingdom, and Republic of Irland.

Inter & Co

Market Cap: US$3.6b

Through its subsidiaries, engages in the banking and spending, investments, insurance brokerage, and inter shop businesses in Brazil and the United States.

ACADIA Pharmaceuticals

Market Cap: US$3.5b

A biopharmaceutical company, focuses on the development and commercialization of medicines for neurological and rare disease in North America.

Hagerty

Market Cap: US$3.5b

Provides insurance services for collector cars and enthusiast vehicles in the United States, Canada, and the United Kingdom.

Whirlpool

Market Cap: US$3.5b

Manufactures and markets home appliances and related products and services in the North America, Latin America, and internationally.

VEON

Market Cap: US$3.5b

Provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan.

Enova International

Market Cap: US$3.4b

A technology and analytics company, provides online financial services in the United States, Brazil, and internationally.

Brighthouse Financial

Market Cap: US$3.4b

Provides annuity and life insurance products in the United States.

StoneCo

Market Cap: US$3.4b

Provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

First Interstate BancSystem

Market Cap: US$3.3b

Operates as a bank holding company for First Interstate Bank that provides a range of banking products and services in the United States.

Renasant

Market Cap: US$3.2b

Operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, and fiduciary services to retail and commercial customers.

WesBanco

Market Cap: US$3.2b

Operates as the bank holding company for WesBanco Bank, Inc.

NCR Atleos

Market Cap: US$3.2b

A financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Nicolet Bankshares

Market Cap: US$3.0b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

American Eagle Outfitters

Market Cap: US$3.0b

Operates as a multi-brand specialty retailer in the United States and internationally.

TowneBank

Market Cap: US$3.0b

Provides retail and commercial banking services for individuals, commercial enterprises, and professionals in the United States.