Micro cap stocks
1,839 companies worth under $300 million. 486 have a published intrinsic value and 186 trade at least 20% below it.
572 of the 1,839 have no analyst coverage at all.
The median company here with a published value trades 5% below our estimate of intrinsic value.
Values as of the 22 Sept 2026 close.
Small companies are harder to value and harder to trade. A wide margin of safety here is a reason to read the filings, not a signal.
Most undervalued micro caps
- Seven Hills Realty Trust (SEVN): undervalued, +80% margin of safety
- DeFi Technologies Inc (DEFT): undervalued, +79% margin of safety
- Byrna Technologies Inc (BYRN): undervalued, +78% margin of safety
- Chicago Atlantic Real Estate Finance Inc (REFI): undervalued, +75% margin of safety
- Fortress Biotech Inc (FBIO): undervalued, +74% margin of safety
- MDxHealth SA (MDXH): undervalued, +74% margin of safety
- Saratoga Investment Corp (SAR): undervalued, +73% margin of safety
- Organogenesis Holdings Inc (ORGO): undervalued, +72% margin of safety
- Octave Specialty Group Inc (OSG): undervalued, +72% margin of safety
- Onewater Marine Inc (ONEW): undervalued, +72% margin of safety
Liquid names only: at least $1M traded a day and $50M of market value. We leave out companies whose estimate is more than five times the price.
Largest micro caps
- Treace Medical Concepts Inc (TMCI): not valued
- Forafric Global PLC (AFRI): not valued
- RiverNorth Flexible Municipal Income Fund II Inc (RFMZ): undervalued, +74% margin of safety
- Immuneering Corp (IMRX): no published value
- LiveWire Group Inc (LVWR): overvalued, -6513% margin of safety
- Princeton Bancorp Inc (BPRN): slightly undervalued, +11% margin of safety
- Biodesix Inc (BDSX): slightly overvalued, -19% margin of safety
- Alto Ingredients Inc (ALTO): slightly undervalued, +11% margin of safety
- Syntec Optics Holdings Inc (OPTX): not valued
- Alico Inc (ALCO): not valued
- Waterdrop Inc ADR (WDH): undervalued, +65% margin of safety
- Palisade Bio Inc (PALI): not valued
- Metals Royalty Co Inc (TMCR): no published value
- Standard BioTools Inc (LAB): slightly undervalued, +5% margin of safety
- Fulcrum Therapeutics Inc (FULC): no published value
- Clinuvel Pharmaceuticals Ltd ADR (CUVL): undervalued, +51% margin of safety
- GrafTech International Ltd (EAF): not valued
- Lantronix Inc (LTRX): not valued
- Isabella Bank Corp (ISBA): overvalued, -20% margin of safety
- Zentalis Pharmaceuticals Inc (ZNTL): no published value
- Friedman Industries Inc (FRD): undervalued, +53% margin of safety
- Amarin Corp ADR (AMRN): not valued
- RCM Technologies Inc (RCMT): undervalued, +37% margin of safety
- Canaan Inc ADR (CAN): no reliable verdict
- Oak Valley Bancorp (OVLY): undervalued, +21% margin of safety
- UTime Ltd (FXHO): not valued
- CPI Card Group Inc (PMTS): undervalued, +49% margin of safety
- E.W. Scripps Co (SSP): not valued
- MGP Ingredients Inc (MGPI): undervalued, +46% margin of safety
- Duos Technologies Group Inc (DUOT): overvalued, -42% margin of safety
- Regional Management Corp (RM): no reliable verdict
- Braskem SA ADR (BAK): not valued
- Ellomay Capital Ltd (ELLO): not valued
- Gaotu Techedu Inc ADR (GOTU): not valued
- 8X8 Inc (EGHT): overvalued, -24% margin of safety
- Marketwise Inc (MKTW): not valued
- Vicore Pharma Holding AB ADR (VCRE): not valued
- Greenwich LifeSciences Inc (GLSI): no published value
- Saratoga Investment Corp (SAR): undervalued, +73% margin of safety
- AVITA Medical Inc (RCEL): overvalued, -230% margin of safety
- First Northern Community Bancorp (FNRN): slightly undervalued, +5% margin of safety
- Silicom Ltd (SILC): not valued
- Portillos Inc (PTLO): overvalued, -36% margin of safety
- Invivyd Inc (IVVD): not valued
- Jakks Pacific Inc (JAKK): overvalued, -82% margin of safety
- Ames National Corp (ATLO): slightly undervalued, +15% margin of safety
- QNB Corp (QNBC): slightly overvalued, -8% margin of safety
- NexPoint Diversified Real Estate Trust (NXDT): not valued
- Franklin Financial Services Corp (FRAF): slightly undervalued, +8% margin of safety
- Matrix Service Co (MTRX): slightly undervalued, +12% margin of safety
- First United Corp (FUNC): slightly undervalued, +17% margin of safety
- Runway Growth Finance Corp (RWAY): undervalued, +57% margin of safety
- Palladyne AI Corp (PDYN): not valued
- Pyxis Oncology Inc (PYXS): not valued
- Anika Therapeutics Inc (ANIK): not valued
- Western New England Bancorp Inc (WNEB): overvalued, -57% margin of safety
- Commerce.com Inc (CMRC): overvalued, -64% margin of safety
- Techtarget Inc (TTGT): no reliable verdict
- NN Inc (NNBR): not valued
- AC Immune SA (ACIU): not valued
- Medallion Financial Corp (MFIN): undervalued, +62% margin of safety
- Chicago Atlantic Real Estate Finance Inc (REFI): undervalued, +75% margin of safety
- Nacco Industries Inc (NC): overvalued, -52% margin of safety
- BK Technologies Corp (BKTI): undervalued, +66% margin of safety
- Aurora Cannabis Inc (ACB): not valued
- GBank Financial Holdings Inc (GBFH): slightly overvalued, -13% margin of safety
- Blend Labs Inc (BLND): not valued
- Microvast Holdings Inc (MVST): not valued
- Kingstone Cos. Inc (KINS): undervalued, +32% margin of safety
- First National Corp (Strasburg, VA) (FXNC): slightly undervalued, +7% margin of safety
- Orasure Technologies Inc (OSUR): not valued
- Outdoor Holding Co (POWW): overvalued, -221% margin of safety
- KinderCare Learning Companies Inc (KLC): not valued
- Kingsway Corp (KWY): undervalued, +63% margin of safety
- Ready Capital Corp (RC): not valued
- AIAI Holdings Corp (AIAI): no published value
- Xperi Inc (XPER): overvalued, -63% margin of safety
- CS Disco Inc (LAW): undervalued, +55% margin of safety
- Lyell Immunopharma Inc (LYEL): not valued
- Usana Health Sciences Inc (USNA): undervalued, +42% margin of safety
- National Bankshares Inc (NKSH): fairly valued, -2% margin of safety
- Silvaco Group Inc (SVCO): not valued
- Sionna Therapeutics Inc (SION): no published value
- Mesabi Trust (MSB): overvalued, -285% margin of safety
- Akebia Therapeutics Inc (AKBA): not valued
- Yarrow Bioscience Inc (YARW): not valued
- LCNB Corp (LCNB): slightly undervalued, +10% margin of safety
- QumulusAI Inc (QMLS): no published value
- Strattec Security Corp (STRT): slightly undervalued, +17% margin of safety
- Hawthorn Bancshares Inc (HWBK): undervalued, +26% margin of safety
- Escalade Inc (ESCA): slightly undervalued, +11% margin of safety
- Amtech Systems Inc (ASYS): overvalued, -131% margin of safety
- Aeluma Inc (ALMU): not valued
- Onity Group Inc (ONIT): no reliable verdict
- Pure Cycle Corp (PCYO): overvalued, -83% margin of safety
- Sutro Biopharma Inc (STRO): not valued
- U.S. Gold Corp (USAU): no published value
- EHang Holdings Ltd ADR (EH): not valued
- BRT Apartments Corp (BRT): not valued
- Omega Flex Inc (OFLX): overvalued, -42% margin of safety
Where micro caps concentrate
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