U.S. Undervalued based on future growth

Nutex Health

Market Cap: US$1.1b

Operates as a healthcare services and operations company in the United States.

MFA Financial

Market Cap: US$1.0b

Operates as a real estate investment trust in the United States.

Safehold

Market Cap: US$1.0b

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.

First Mid Bancshares

Market Cap: US$994.2m

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

Northeast Bank

Market Cap: US$985.8m

Provides various banking services to individual and corporate customers in Maine.

Burke & Herbert Financial Services

Market Cap: US$967.8m

Operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland.

Sun Country Airlines Holdings

Market Cap: US$960.6m

An air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally.

Dauch

Market Cap: US$959.1m

Designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles.

Cardinal Infrastructure Group

Market Cap: US$936.8m

A civil contracting company, provides infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the United States.

Smith Douglas Homes

Market Cap: US$933.9m

Smith Douglas Homes Corp. completed its initial public offering in January 2024.

Metropolitan Bank Holding

Market Cap: US$928.2m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

Standard Motor Products

Market Cap: US$887.2m

Manufactures and distributes replacement automotive parts in the United States and internationally.

Edgewell Personal Care

Market Cap: US$882.4m

Manufactures and markets personal care products worldwide.

Amerant Bancorp

Market Cap: US$881.4m

Operates as the bank holding company for Amerant Bank, N.A.

Equity Bancshares

Market Cap: US$876.4m

Operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers.

Heritage Financial

Market Cap: US$865.4m

Operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States.

USA TODAY

Market Cap: US$852.0m

Operates as a media and digital marketing solutions company in the United States.

Franklin BSP Realty Trust

Market Cap: US$850.3m

A real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt investments secured by properties located in the United States and internationally.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$850.3m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

HBT Financial

Market Cap: US$846.1m

Operates as the bank holding company for Heartland Bank and Trust Company that provides financial products and services to consumers, businesses, and municipal entities in Illinois and Eastern Iowa.

Tsakos Energy Navigation

Market Cap: US$813.7m

Provides seaborne crude oil and petroleum product transportation services worldwide.

Bowhead Specialty Holdings

Market Cap: US$807.4m

Provides commercial specialty property and casualty insurance products in the United States.

Apogee Enterprises

Market Cap: US$806.3m

Provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil.

CNB Financial

Market Cap: US$797.8m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Camden National

Market Cap: US$789.7m

Operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in the United States.

NB Bancorp

Market Cap: US$787.4m

Focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in the United States.

Myers Industries

Market Cap: US$768.0m

Engages in distribution of tire service supplies in Ohio.

Atlanticus Holdings

Market Cap: US$765.4m

A financial technology company, provides products and services to lenders in the United States.

Mid Penn Bancorp

Market Cap: US$756.9m

Operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations.

TPG RE Finance Trust

Market Cap: US$728.6m

A commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States.

Armada Hoffler Properties

Market Cap: US$716.4m

Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

Strawberry Fields REIT

Market Cap: US$715.0m

A self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties.

Beazer Homes USA

Market Cap: US$692.4m

Operates as a homebuilder in the United States.

Betterware de MéxicoP.I. de

Market Cap: US$673.7m

Operates as a direct-to-consumer selling company in the United Staes and Mexico.

South Plains Financial

Market Cap: US$665.9m

Operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals.

Fiverr International

Market Cap: US$630.1m

Operates an online marketplace worldwide.