U.S. Undervalued based on future growth

FinWise Bancorp

Market Cap: US$213.2m

Operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah.

Imperial Petroleum

Market Cap: US$204.5m

Provides seaborne transportation services worldwide.

RE/MAX Holdings

Market Cap: US$200.8m

Operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally.

OMS Energy Technologies

Market Cap: US$200.4m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

trivago

Market Cap: US$198.4m

Operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally.

Oportun Financial

Market Cap: US$190.9m

Provides financial services in the United States.

OP Bancorp

Market Cap: US$187.9m

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

Seven Hills Realty Trust

Market Cap: US$186.0m

A real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States.

ALT5 Sigma

Market Cap: US$180.7m

Provides blockchain-powered technologies worldwide.

CF Bankshares

Market Cap: US$180.4m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Citizens Community Bancorp

Market Cap: US$180.2m

Operates as a bank holding company for Citizens Community Federal N.A.

Core Molding Technologies

Market Cap: US$173.6m

Operates as a molder of thermoplastic and thermoset structural products in the United States, Mexico, Canada, and internationally.

Eagle Financial Services

Market Cap: US$172.7m

Operates as the bank holding company for Bank of Clarke that provides various retail and commercial banking products and services in the United States.

CB Financial Services

Market Cap: US$170.6m

Operates as the bank holding company for Community Bank that provides banking products and services for individuals and businesses.

CPI Card Group

Market Cap: US$160.0m

Provides physical and digital payment solutions for financial institutions, processors, fintechs, prepaid program managers, and other organizations in the United States.

Silvercrest Asset Management Group

Market Cap: US$156.9m

A wealth management firm, provides financial advisory and related family office services in the United States.

Lovesac

Market Cap: US$156.5m

Designs, manufactures, and sells furniture.

FreightCar America

Market Cap: US$151.6m

Through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico.

CareCloud

Market Cap: US$151.3m

A healthcare information technology company, provides technology-enabled business solutions, Software-as-a-Service offerings, and related business services to healthcare providers and hospitals primarily in the United States.

Hanover Bancorp

Market Cap: US$149.9m

Operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals.

SunPower

Market Cap: US$141.1m

Engages in the provision of solar system sales and installation in the United States.

RCM Technologies

Market Cap: US$133.8m

Provides business and technology solutions in the United States, Canada, Puerto Rico, Europe, and Philippines.

Bassett Furniture Industries

Market Cap: US$123.4m

Designs, manufactures, sources, distributes, and retails home furnishings and furniture products in the United States.

OptimizeRx

Market Cap: US$115.4m

Operates as a digital healthcare technology company.

Health In Tech

Market Cap: US$113.8m

Operates as an insurance technology platform company.

Sunrise Realty Trust

Market Cap: US$110.2m

Engages in commercial real estate lending business in the United States.

Viomi Technology

Market Cap: US$87.0m

Through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.

Travelzoo

Market Cap: US$71.0m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Flexible Solutions International

Market Cap: US$69.5m

Develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally.

Lument Finance Trust

Market Cap: US$67.0m

A real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States.

Sachem Capital

Market Cap: US$45.1m

Operates as a real estate finance company in the United States.

Heritage Global

Market Cap: US$42.7m

Operates as an asset services company with focus on financial and industrial asset transactions in the United States.

Jerash Holdings (US)

Market Cap: US$38.7m

Through its subsidiaries, manufactures and exports customized, ready-made sportswear, and outerwear through knitted fabrics.

Earth Science Tech

Market Cap: US$31.8m

Together with its subsidies, focuses on health and wellness industry.

FatPipe

Market Cap: US$25.3m

Develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally.

Performance Shipping

Market Cap: US$22.9m

Provides shipping transportation services through its tanker vessels worldwide.