Global Undervalued Small Caps With Insider Buying For September 2026

In September 2026, global markets have been navigating a complex landscape marked by geopolitical tensions, fluctuating oil prices, and shifting Federal Reserve monetary policy expectations. Despite these challenges, the S&P 600 for small-cap stocks has shown resilience amid broader market fluctuations. In this environment, identifying promising small-cap stocks often involves looking at those with strong fundamentals and potential insider buying activity as indicators of confidence in their future performance.

Top 10 Undervalued Small Caps With Insider Buying Globally

Name	PE	PS	Discount to Fair Value	Value Rating
Nederman Holding	18.4x	0.8x	27.34%	★★★★★☆
Nexus Industrial REIT	10.4x	3.1x	6.27%	★★★★☆☆
Trifast	NA	0.6x	11.20%	★★★★☆☆
Saniona	8.1x	3.5x	24.55%	★★★★☆☆
Yellow Pages	8.3x	0.8x	29.21%	★★★☆☆☆
Diversified Royalty	25.6x	10.1x	44.88%	★★★☆☆☆
Eurocell	21.7x	0.3x	49.44%	★★★☆☆☆
AB Dynamics	NA	1.8x	22.83%	★★★☆☆☆
Mattr	39.8x	0.9x	45.16%	★★★☆☆☆
Hong Fok	23.8x	6.9x	29.57%	★★★☆☆☆

Click here to see the full list of 107 stocks from our Undervalued Global Small Caps With Insider Buying screener.

Here's a peek at a few of the choices from the screener.

Ingenia Communities Group (ASX:INA)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Ingenia Communities Group is an Australian property group specializing in the development and management of lifestyle and holiday communities, with a market capitalization of A$2.11 billion.

Operations: Ingenia Communities Group generates revenue primarily from its Residential - Lifestyle Development and Tourism - Ingenia Holidays segments, with the former contributing A$248.70 million and the latter A$159.34 million. The company's gross profit margin has shown a notable trend, peaking at 64.88% in September 2022 before stabilizing around 61-63% in subsequent periods. Operating expenses remain a significant cost factor, accounting for a substantial portion of total expenditures across various periods.

PE: 8.4x

Ingenia Communities Group, a smaller player in the market, has shown promising financial performance with revenue reaching A$559.88 million for the year ending June 30, 2026, up from A$517.7 million previously. Despite rejecting Warburg Pincus's acquisition offer of A$1.94 billion as inadequate, Ingenia remains focused on growth with a projected EBIT increase of 10% for fiscal year 2026. Insider confidence is evident through recent share purchases by company executives earlier this year, indicating belief in its potential despite reliance on external borrowing for funding.

• Delve into the full analysis valuation report here for a deeper understanding of Ingenia Communities Group.

• Gain insights into Ingenia Communities Group's historical performance by reviewing our past performance report.

NOTE (OM:NOTE)

Simply Wall St Value Rating: ★★★★☆☆

Overview: NOTE is a company involved in providing manufacturing solutions with operations spanning Western Europe and the Rest of the World, holding a market capitalization of SEK 3.71 billion.

Operations: The company generates revenue primarily from Western Europe, contributing significantly to its total sales. It has experienced fluctuations in gross profit margin, reaching 14.25% recently. Operating expenses have varied, with notable allocations towards sales and marketing as well as general and administrative costs.

PE: 20.4x

NOTE, a company within the electronics manufacturing sector, is gaining traction with recent contracts in Security & Defence and data centre hardware. The European contract, valued at SEK 160 million over three years, highlights its growing role in resilient supply chains. Despite a dip in net income to SEK 56 million for Q2 2026 from SEK 76 million the previous year, insider confidence remains evident through share purchases. Earnings are forecast to grow annually by over 23%.

• Unlock comprehensive insights into our analysis of NOTE stock in this valuation report.

• Learn about NOTE's historical performance.

Shanghai Chicmax Cosmetic (SEHK:2145)

Simply Wall St Value Rating: ★★★★★☆

Overview: Shanghai Chicmax Cosmetic is engaged in the manufacture and sale of cosmetic products, with a market capitalization of CN¥5.54 billion.

Operations: Shanghai Chicmax Cosmetic generates revenue primarily from the manufacture and sale of cosmetic products, with a recent gross profit margin reaching 76.81%. The company's cost structure includes significant operating expenses dominated by sales and marketing costs, alongside research and development expenditures.

PE: 11.3x

Shanghai Chicmax Cosmetic, a smaller player in the cosmetics industry, is navigating challenges with declining sales and profits. Recent earnings for the first half of 2026 showed sales at CNY 3.76 billion and net income at CNY 108 million, both down from the previous year due to market factors impacting their KANS brand. Despite this, insider confidence is evident as executives increased their share purchases between July and August 2026. The company continues investing in R&D and branding for long-term growth while preparing to amend its Articles of Association later this month.

• Take a closer look at Shanghai Chicmax Cosmetic's potential here in our valuation report.

• Review our historical performance report to gain insights into Shanghai Chicmax Cosmetic's's past performance.

Make It Happen

• Delve into our full catalog of 107 Undervalued Global Small Caps With Insider Buying here.
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Ready To Venture Into Other Investment Styles?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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