U.S. Undervalued based on future growth

Emergent BioSolutions

Market Cap: US$625.0m

A life sciences company, provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States.

Alerus Financial

Market Cap: US$618.9m

Operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.

Dingdong (Cayman)

Market Cap: US$617.2m

Operates an e-commerce company in China.

Riley Exploration Permian

Market Cap: US$616.2m

An independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

Waterdrop

Market Cap: US$611.2m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

Embecta

Market Cap: US$609.9m

A medical device company, provides solutions to improve the health and wellbeing of people living with diabetes in the United States and internationally.

Northpointe Bancshares

Market Cap: US$604.3m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Koppers Holdings

Market Cap: US$581.0m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

Cooper-Standard Holdings

Market Cap: US$573.2m

Through its subsidiary, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the North America, Europe, the Asia Pacific, and the South America.

World Acceptance

Market Cap: US$572.8m

Engages in consumer finance business in the United States.

Bar Harbor Bankshares

Market Cap: US$563.0m

Operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses.

Third Coast Bancshares

Market Cap: US$558.1m

Operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in the United States.

Pangaea Logistics Solutions

Market Cap: US$551.0m

Provides seaborne dry bulk logistics and transportation services to industrial customers worldwide.

Lands' End

Market Cap: US$550.2m

Operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms in the United States, Europe, and internationally.

Arrow Financial

Market Cap: US$544.7m

A bank holding company, provides various commercial and consumer banking, and financial products and services in the Unites States.

Olympic Steel

Market Cap: US$542.0m

Processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico.

Bridgewater Bancshares

Market Cap: US$532.4m

Operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States.

Flushing Financial

Market Cap: US$532.3m

Operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units.

Peapack-Gladstone Financial

Market Cap: US$525.2m

Operates as the bank holding company for Peapack Private Bank & Trust that provides private banking and wealth management services in the United States.

Bloomin' Brands

Market Cap: US$524.9m

Through its subsidiaries, owns and operates casual, polished casual, and fine dining restaurants in the United States and internationally.

Crawford

Market Cap: US$519.7m

Provides claims management and outsourcing solutions for carriers, brokers, and corporations in the United States, the United Kingdom, Europe, Canada, Australia, Asia, and Latin America.

Oil States International

Market Cap: US$512.0m

Through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide.

Movado Group

Market Cap: US$506.7m

Designs, sources, markets, and distributes watches worldwide.

Zevra Therapeutics

Market Cap: US$498.8m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

SIGA Technologies

Market Cap: US$487.7m

A commercial-stage pharmaceutical company, focuses on the health security market in the United States.

Kearny Financial

Market Cap: US$487.0m

Operates as the holding company for Kearny Bank that provides various banking products and services in the United States.

LexinFintech Holdings

Market Cap: US$484.6m

Offers online direct sales and online consumer finance services in the People’s Republic of China.

Priority Technology Holdings

Market Cap: US$483.9m

Operates as a payment technology company in the United States.

Farmers National Banc

Market Cap: US$483.8m

Operates as a bank holding company for The Farmers National Bank of Canfield that engages in the banking, trust, retirement consulting, insurance, and financial management businesses.

Niagen Bioscience

Market Cap: US$479.7m

Operates as a bioscience company engages in developing healthy aging products.

Hackett Group

Market Cap: US$465.1m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

GBank Financial Holdings

Market Cap: US$459.7m

Operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada.

Community West Bancshares

Market Cap: US$454.9m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

Southern First Bancshares

Market Cap: US$447.6m

Operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia.

Mistras Group

Market Cap: US$445.5m

Provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific.

GeoPark

Market Cap: US$441.7m

Operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.