Value Research · Undervalued

Undervalued Stocks: Trading Below Intrinsic Value Right Now

These stocks trade below our estimated intrinsic value — meaning the market price is lower than what we calculate the business is actually worth. Sorted by margin of safety, largest first.

59Undervalued
10%+Min Margin
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All Undervalued Stocks — Sorted by Margin of Safety

Every stock below has a positive margin of safety of at least 10%, meaning the market price is at least 10% below our estimated intrinsic value. The table includes Z-Score and Moat Rating so you can immediately see whether the discount reflects genuine value or potential distress.

ABBV
$224.94

AbbVie Inc.

Z-Score 2.14
Fair Value $229.20
Moat ★★★☆☆
Div Safety B
Watch Zone MoS: 1.9%
ADSK
$233.64

Autodesk, Inc.

Z-Score 3.95
Fair Value $245.34
Moat ★★★☆☆
Div Safety N/A
Watch Zone MoS: 4.8%
AFRM
$68.70

Affirm Holdings, Inc.

Z-Score 0.00
Fair Value $83.15
Moat ☆☆☆☆☆
Div Safety N/A
Strong Buy Zone MoS: 17.4%
AKAM
$158.98

Akamai Technologies, Inc.

Z-Score 3.24
Fair Value $164.40
Moat ★★½☆☆
Div Safety N/A
Watch Zone MoS: 3.3%
ALGN
$168.29

Align Technology, Inc.

Z-Score 4.95
Fair Value $180.48
Moat ★★★☆☆
Div Safety N/A
Watch Zone MoS: 6.8%
ALL
$210.84

The Allstate Corporation

Z-Score 0.00
Fair Value $241.86
Moat ☆☆☆☆☆
Div Safety A
Buy Zone MoS: 12.8%
AON
$322.24

Aon plc

Z-Score 0.00
Fair Value $385.26
Moat ☆☆☆☆☆
Div Safety A
Strong Buy Zone MoS: 16.4%
AXP
$312.53

American Express Company

Z-Score 0.00
Fair Value $361.57
Moat ☆☆☆☆☆
Div Safety A
Buy Zone MoS: 13.6%
BLK
$1,022.56

BlackRock, Inc.

Z-Score 0.00
Fair Value $1,251.25
Moat ☆☆☆☆☆
Div Safety A
Strong Buy Zone MoS: 18.3%
BRK-B
$478.63

Berkshire Hathaway Inc.

Z-Score 0.00
Fair Value $520.33
Moat ☆☆☆☆☆
Div Safety N/A
Watch Zone MoS: 8.0%
C
$135.15

Citigroup Inc.

Z-Score 0.00
Fair Value $146.93
Moat ☆☆☆☆☆
Div Safety A
Watch Zone MoS: 8.0%
CB
$314.50

Chubb Limited

Z-Score 0.00
Fair Value $345.78
Moat ☆☆☆☆☆
Div Safety A
Watch Zone MoS: 9.0%
CCI
$93.79

Crown Castle Inc.

Z-Score 0.00
Fair Value $99.07
Moat ☆☆☆☆☆
Div Safety C
Watch Zone MoS: 5.3%
CELH
$27.75

Celsius Holdings, Inc.

Z-Score 2.78
Fair Value $37.20
Moat ★★★½☆
Div Safety N/A
Strong Buy Zone MoS: 25.4%
CME
$256.06

CME Group Inc.

Z-Score 0.00
Fair Value $306.47
Moat ☆☆☆☆☆
Div Safety B
Strong Buy Zone MoS: 16.4%
COIN
$164.13

Coinbase Global, Inc.

Z-Score 0.00
Fair Value $230.60
Moat ☆☆☆☆☆
Div Safety N/A
Strong Buy Zone MoS: 28.8%
COP
$119.23

ConocoPhillips

Z-Score 3.20
Fair Value $130.89
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 8.9%
CPAY
$357.18

Corpay, Inc.

Z-Score 1.58
Fair Value $361.45
Moat ★★★☆☆
Div Safety N/A
Watch Zone MoS: 1.2%
CPB
$21.55

The Campbell's Company

Z-Score 1.68
Fair Value $21.70
Moat ★★★☆☆
Div Safety B
Watch Zone MoS: 0.7%
CRM
$188.75

Salesforce, Inc.

Z-Score 2.56
Fair Value $189.16
Moat ★★★☆☆
Div Safety C
Watch Zone MoS: 0.2%
CTRA
$32.56

Coterra Energy Inc.

Z-Score 2.64
Fair Value $32.64
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 0.3%
CVX
$188.35

Chevron Corporation

Z-Score 3.40
Fair Value $235.19
Moat ★★★☆☆
Div Safety B
Strong Buy Zone MoS: 19.9%
D
$66.50

Dominion Energy, Inc.

Z-Score 0.00
Fair Value $69.25
Moat ☆☆☆☆☆
Div Safety C
Watch Zone MoS: 4.0%
DELL
$422.05

Dell Technologies Inc.

Z-Score 2.97
Fair Value $504.40
Moat ★★★☆☆
Div Safety B
Strong Buy Zone MoS: 16.3%
DHR
$186.64

Danaher Corporation

Z-Score 3.91
Fair Value $192.50
Moat ★★½☆☆
Div Safety A
Watch Zone MoS: 3.0%
DT
$43.25

Dynatrace, Inc.

Z-Score 5.14
Fair Value $44.00
Moat ★★½☆☆
Div Safety N/A
Watch Zone MoS: 1.7%
DUK
$121.82

Duke Energy Corporation

Z-Score 0.00
Fair Value $138.61
Moat ☆☆☆☆☆
Div Safety C
Buy Zone MoS: 12.1%
ED
$104.08

Consolidated Edison, Inc.

Z-Score 0.00
Fair Value $110.00
Moat ☆☆☆☆☆
Div Safety B
Watch Zone MoS: 5.4%
EOG
$140.88

EOG Resources, Inc.

Z-Score 3.78
Fair Value $153.05
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 8.0%
EQIX
$1,089.15

Equinix, Inc.

Z-Score 0.00
Fair Value $1,197.11
Moat ☆☆☆☆☆
Div Safety C
Watch Zone MoS: 9.0%
ES
$69.88

Eversource Energy

Z-Score 0.00
Fair Value $72.17
Moat ☆☆☆☆☆
Div Safety C
Watch Zone MoS: 3.2%
EXC
$44.63

Exelon Corporation

Z-Score 0.00
Fair Value $49.33
Moat ☆☆☆☆☆
Div Safety B
Watch Zone MoS: 9.5%
EXR
$145.87

Extra Space Storage Inc.

Z-Score 0.00
Fair Value $153.60
Moat ☆☆☆☆☆
Div Safety B
Watch Zone MoS: 5.0%
FANG
$202.94

Diamondback Energy, Inc.

Z-Score 1.58
Fair Value $263.60
Moat ★★★☆☆
Div Safety C
Strong Buy Zone MoS: 23.0%
GL
$154.31

Globe Life Inc.

Z-Score 0.00
Fair Value $175.91
Moat ☆☆☆☆☆
Div Safety A
Buy Zone MoS: 12.3%
GM
$83.22

General Motors Company

Z-Score 1.23
Fair Value $189.62
Moat ★★☆☆☆
Div Safety B
Strong Buy Zone MoS: 56.1%
GPN
$67.81

Global Payments Inc.

Z-Score 0.91
Fair Value $189.24
Moat ★★½☆☆
Div Safety A
Strong Buy Zone MoS: 64.2%
HOLX
$76.01

Hologic, Inc.

Z-Score 4.20
Fair Value $87.10
Moat ★★½☆☆
Div Safety N/A
Buy Zone MoS: 12.7%
HOOD
$88.33

Robinhood Markets, Inc.

Z-Score 0.00
Fair Value $98.98
Moat ☆☆☆☆☆
Div Safety N/A
Buy Zone MoS: 10.8%
HRL
$23.29

Hormel Foods Corporation

Z-Score 3.46
Fair Value $27.49
Moat ★★★☆☆
Div Safety B
Strong Buy Zone MoS: 15.3%
HSY
$182.71

The Hershey Company

Z-Score 3.94
Fair Value $191.03
Moat ★★★☆☆
Div Safety B
Watch Zone MoS: 4.4%
INTU
$301.98

Intuit Inc.

Z-Score 4.70
Fair Value $307.56
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 1.8%
IVZ
$28.17

Invesco Ltd.

Z-Score 0.00
Fair Value $29.23
Moat ☆☆☆☆☆
Div Safety A
Watch Zone MoS: 3.6%
JNJ
$228.17

Johnson & Johnson

Z-Score 3.84
Fair Value $236.99
Moat ★★★☆☆
Div Safety B
Watch Zone MoS: 3.7%
JPM
$310.89

JPMorgan Chase & Co.

Z-Score 0.00
Fair Value $342.19
Moat ☆☆☆☆☆
Div Safety A
Watch Zone MoS: 9.2%
LNG
$241.07

Cheniere Energy, Inc.

Z-Score 2.28
Fair Value $371.64
Moat ★★★½☆
Div Safety A
Strong Buy Zone MoS: 35.1%
LPLA
$291.84

LPL Financial Holdings Inc.

Z-Score 0.00
Fair Value $416.50
Moat ☆☆☆☆☆
Div Safety A
Strong Buy Zone MoS: 29.9%
MET
$83.46

MetLife, Inc.

Z-Score 0.00
Fair Value $92.00
Moat ☆☆☆☆☆
Div Safety A
Watch Zone MoS: 9.3%
MGM
$47.94

MGM Resorts International

Z-Score 0.77
Fair Value $56.80
Moat ★★★☆☆
Div Safety N/A
Strong Buy Zone MoS: 15.6%
MKTX
$120.62

MarketAxess Holdings Inc.

Z-Score 0.00
Fair Value $186.09
Moat ☆☆☆☆☆
Div Safety A
Strong Buy Zone MoS: 35.2%
MMM
$152.77

3M Company

Z-Score 4.20
Fair Value $163.50
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 6.6%
MRK
$120.26

Merck & Co., Inc.

Z-Score 4.01
Fair Value $156.70
Moat ★★★½☆
Div Safety B
Strong Buy Zone MoS: 23.3%
MU
$996.00

Micron Technology, Inc.

Z-Score 25.47
Fair Value $1,228.80
Moat ★★½☆☆
Div Safety A
Strong Buy Zone MoS: 18.9%
NDAQ
$88.45

Nasdaq, Inc.

Z-Score 0.00
Fair Value $106.47
Moat ☆☆☆☆☆
Div Safety A
Strong Buy Zone MoS: 16.9%
NEE
$85.68

NextEra Energy, Inc.

Z-Score 0.00
Fair Value $98.55
Moat ☆☆☆☆☆
Div Safety B
Buy Zone MoS: 13.1%
NKE
$43.62

NIKE, Inc.

Z-Score 3.65
Fair Value $44.90
Moat ★★★☆☆
Div Safety B
Watch Zone MoS: 2.9%
PFE
$25.69

Pfizer Inc.

Z-Score 1.99
Fair Value $32.90
Moat ★★½☆☆
Div Safety B
Strong Buy Zone MoS: 21.9%
PLD
$143.79

Prologis, Inc.

Z-Score 0.00
Fair Value $152.30
Moat ☆☆☆☆☆
Div Safety B
Watch Zone MoS: 5.6%
PSA
$306.66

Public Storage

Z-Score 0.00
Fair Value $318.56
Moat ☆☆☆☆☆
Div Safety C
Watch Zone MoS: 3.7%
QCOM
$242.57

QUALCOMM Incorporated

Z-Score 8.04
Fair Value $295.70
Moat ★★★☆☆
Div Safety A
Strong Buy Zone MoS: 18.0%
SE
$92.09

Sea Limited

Z-Score 3.10
Fair Value $92.40
Moat ★★½☆☆
Div Safety N/A
Watch Zone MoS: 0.3%
SO
$91.62

The Southern Company

Z-Score 0.00
Fair Value $101.34
Moat ☆☆☆☆☆
Div Safety C
Watch Zone MoS: 9.6%
SOFI
$17.15

SoFi Technologies, Inc.

Z-Score 0.00
Fair Value $21.00
Moat ☆☆☆☆☆
Div Safety N/A
Strong Buy Zone MoS: 18.3%
SRE
$90.34

Sempra

Z-Score 0.00
Fair Value $103.62
Moat ☆☆☆☆☆
Div Safety C
Buy Zone MoS: 12.8%
SYK
$301.21

Stryker Corporation

Z-Score 4.38
Fair Value $302.22
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 0.3%
TOST
$25.22

Toast, Inc.

Z-Score 10.96
Fair Value $27.20
Moat ★★½☆☆
Div Safety N/A
Watch Zone MoS: 7.3%
TSN
$56.88

Tyson Foods, Inc.

Z-Score 3.07
Fair Value $83.44
Moat ★★☆☆☆
Div Safety C
Strong Buy Zone MoS: 31.8%
TTD
$21.03

The Trade Desk, Inc.

Z-Score 2.66
Fair Value $21.11
Moat ★★½☆☆
Div Safety N/A
Watch Zone MoS: 0.4%
USB
$55.46

U.S. Bancorp

Z-Score 0.00
Fair Value $63.55
Moat ☆☆☆☆☆
Div Safety A
Buy Zone MoS: 12.7%
UVV
$52.87

Universal Corporation

Z-Score 3.06
Fair Value $86.50
Moat ★★★☆☆
Div Safety D
Strong Buy Zone MoS: 38.9%
VEEV
$178.60

Veeva Systems Inc.

Z-Score 12.13
Fair Value $183.19
Moat ★★★½☆
Div Safety N/A
Watch Zone MoS: 2.5%
VICI
$27.21

VICI Properties Inc.

Z-Score 0.00
Fair Value $34.17
Moat ☆☆☆☆☆
Div Safety B
Strong Buy Zone MoS: 20.4%
VLO
$258.85

Valero Energy Corporation

Z-Score 5.13
Fair Value $264.20
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 2.0%
WAT
$376.47

Waters Corporation

Z-Score 13.07
Fair Value $490.40
Moat ★★★☆☆
Div Safety N/A
Strong Buy Zone MoS: 23.2%
WDAY
$147.91

Workday, Inc.

Z-Score 2.96
Fair Value $205.80
Moat ★★½☆☆
Div Safety N/A
Strong Buy Zone MoS: 28.1%
WEC
$111.23

WEC Energy Group, Inc.

Z-Score 0.00
Fair Value $124.42
Moat ☆☆☆☆☆
Div Safety C
Buy Zone MoS: 10.6%
WELL
$200.85

Welltower Inc.

Z-Score 0.00
Fair Value $236.75
Moat ☆☆☆☆☆
Div Safety C
Strong Buy Zone MoS: 15.2%
WFC
$81.62

Wells Fargo & Company

Z-Score 0.00
Fair Value $96.11
Moat ☆☆☆☆☆
Div Safety A
Strong Buy Zone MoS: 15.1%
XEL
$77.77

Xcel Energy Inc.

Z-Score 0.00
Fair Value $91.39
Moat ☆☆☆☆☆
Div Safety C
Buy Zone MoS: 14.9%
XOM
$152.04

Exxon Mobil Corporation

Z-Score 4.64
Fair Value $161.54
Moat ★★★☆☆
Div Safety A
Watch Zone MoS: 5.9%
XYZ
$70.89

Block, Inc.

Z-Score 2.83
Fair Value $112.80
Moat ★★½☆☆
Div Safety N/A
Strong Buy Zone MoS: 37.1%

What Makes a Stock Truly Undervalued?

A stock is undervalued when its market price is lower than what the underlying business is actually worth. The challenge is figuring out what "actually worth" means — and that is where valuation models come in.

Our approach uses a three-factor model that blends Historical PE x Forward EPS (50% weight), Discounted Cash Flow (30%), and EV/FCF (20%). The weighted average produces an intrinsic value estimate. When the market price falls below that estimate, the difference is the margin of safety — the concept Benjamin Graham introduced in The Intelligent Investor as "the three most important words in investing."

Why Margin of Safety Matters

Since every valuation model involves assumptions that could be wrong, you want a buffer between the price you pay and the value you estimate. If our model says a stock is worth $50 and it trades at $35, that 30% margin of safety protects you from:

  • Model error — our growth rate or discount rate assumptions may be off
  • Unexpected events — pandemics, regulatory changes, competitive disruption
  • Mean reversion — companies with temporarily high growth rates eventually slow down

A larger margin means more room for error. Benjamin Graham recommended 25-30%. We flag stocks at 10%+ as a starting threshold, but the stocks at the top of this table — with margins of 30-50%+ — offer the most substantial buffer.

Warning — cheap is not always good: A stock with a 40% margin of safety and a distress-zone Z-Score (below 1.8) is more likely a value trap than a bargain. The discount exists because the market expects the business to deteriorate further. Always look at the Z-Score and Moat columns in the table above before acting on margin of safety alone.

How to Use This Page

  1. Scan the margin of safety column — largest discounts first. These represent the widest gap between our estimate and the market price.
  2. Check the Z-Score — is the company financially healthy (above 3.0) or in distress (below 1.8)? Green means safe, red means caution.
  3. Check the Moat Rating — a 3+ star moat means the competitive advantage should protect future cash flows. A 1-2 star moat means the discount may reflect real competitive weakness.
  4. Click through to the individual ticker page for the full DCF model, sensitivity table, Z-Score breakdown, and 10-year financial history.
  5. For the highest conviction picks, visit the Strike Zone — which filters this list further to only include stocks that are simultaneously undervalued, financially safe, and moat-protected.

Undervalued vs. The Strike Zone

This page shows every stock trading below fair value, regardless of financial health or competitive position. The Strike Zone is more selective — it requires a stock to pass three simultaneous filters: positive margin of safety, safe Z-Score (not in distress), and a moat rating of 3+ stars. Think of this page as the wide funnel and the Strike Zone as the narrow filter at the bottom.

FAQ

Common questions

What makes a stock truly undervalued?

A stock is undervalued when its market price is lower than its intrinsic value — what the underlying business is actually worth based on cash flows, earnings, and assets. Our three-factor model estimates intrinsic value from SEC EDGAR data, and the gap between that estimate and the market price is the margin of safety.

How large should the margin of safety be?

Benjamin Graham recommended at least 25-30%. We flag stocks as undervalued at 10%+ margin. The larger the margin, the more room for error in the model's assumptions. A 40% margin means even if our growth projections are significantly wrong, you likely still bought at a reasonable price.

Can an undervalued stock still be a bad investment?

Absolutely. A stock can be cheap for a reason — deteriorating business, management problems, or industry disruption. Always cross-reference with the Z-Score (financial health) and Moat Rating (competitive durability). A stock that's undervalued with a distress-zone Z-Score is likely a value trap, not a bargain.

How often does this list change?

The list updates every time we refresh stock prices (daily) and when new SEC filings are processed (quarterly). A stock can move from undervalued to fairly valued within days if the price rises to meet our fair value estimate.

More analysis

Other research engines

Overvalued Stocks

The opposite list — stocks trading above fair value with negative margin of safety.

The Strike Zone

Undervalued stocks filtered further by Z-Score safety and moat quality.

Risk Audit

Check whether an undervalued stock is cheap-and-safe or cheap-and-distressed.