U.S. Undervalued based on future growth

Zevra Therapeutics

Market Cap: US$499.9m

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

Bar Harbor Bankshares

Market Cap: US$494.5m

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

Safe Bulkers

Market Cap: US$494.2m

Provides marine drybulk transportation services internationally.

ACNB

Market Cap: US$491.4m

A financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States.

Dave & Buster's Entertainment

Market Cap: US$490.5m

Owns and operates entertainment and dining venues for adults and families in North America.

Bridgewater Bancshares

Market Cap: US$462.3m

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

Civista Bancshares

Market Cap: US$454.8m

Operates as the financial holding company for Civista Bank that provides community banking services in the United States.

Peapack-Gladstone Financial

Market Cap: US$453.0m

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

ChoiceOne Financial Services

Market Cap: US$447.4m

Operates as the bank holding company for ChoiceOne Bank that provides banking services in Michigan.

Flotek Industries

Market Cap: US$443.5m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

DoubleDown Interactive

Market Cap: US$441.5m

Engages in the development and publishing of casual games and mobile applications in South Korea.

West Coast Community Bancorp

Market Cap: US$438.1m

Operates as the bank holding company for Santa Cruz County Bank that provides a range of commercial and personal banking services to residents and businesses in the United States.

SIGA Technologies

Market Cap: US$429.7m

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

Priority Technology Holdings

Market Cap: US$429.0m

Operates as a payment technology company in the United States.

Pangaea Logistics Solutions

Market Cap: US$421.0m

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

Bank of Marin Bancorp

Market Cap: US$414.7m

Operates as the holding company for Bank of Marin that provides a range of financial services to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States.

Movado Group

Market Cap: US$413.5m

Designs, sources, markets, and distributes watches worldwide.

Community West Bancshares

Market Cap: US$413.2m

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.

Kearny Financial

Market Cap: US$406.5m

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

Southern First Bancshares

Market Cap: US$403.2m

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.

VAALCO Energy

Market Cap: US$402.4m

An independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, and Canada.

Global Indemnity Group

Market Cap: US$396.8m

Through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products in the United States.

Mistras Group

Market Cap: US$392.8m

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

Carter Bankshares

Market Cap: US$387.2m

Operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States.

Auna

Market Cap: US$383.4m

A healthcare service provider, operates hospitals and clinics in Mexico, Peru, and Colombia.

Dine Brands Global

Market Cap: US$382.1m

Owns, franchises, and operates restaurants in the United States and internationally.

Olympic Steel

Market Cap: US$380.5m

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

Oil States International

Market Cap: US$376.4m

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

Calavo Growers

Market Cap: US$372.6m

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.

West Bancorporation

Market Cap: US$371.2m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Dingdong (Cayman)

Market Cap: US$370.7m

Operates an e-commerce company in China.

Haverty Furniture Companies

Market Cap: US$367.4m

Operates as a specialty retailer of residential furniture and accessories in the United States.

Regional Management

Market Cap: US$364.9m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Ponce Financial Group

Market Cap: US$356.8m

Operates as the bank holding company for Ponce Bank that provides various banking products and services.

USANA Health Sciences

Market Cap: US$350.8m

Develops, manufactures, and sells science-based nutritional, personal care, and skincare products in the Asia Pacific, the Americas, and Europe.

Citizens & Northern

Market Cap: US$348.9m

Operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.