3 Stocks That May Be Undervalued By Market Estimates In October 2026

Over the last 7 days, the United States market has remained flat, though it has experienced a 13% rise over the past year with earnings forecasted to grow by 17% annually. In this environment, identifying stocks that may be undervalued by market estimates can provide opportunities for investors seeking to capitalize on potential growth not yet fully recognized by the market.

Top 10 Undervalued Stocks Based On Cash Flows In The United States

Name	Current Price	Fair Value (Est)	Discount (Est)
MYR Group (MYRG)	$275.21	$530.08	48.1%
Jones Lang LaSalle (JLL)	$306.05	$610.20	49.8%
Halliburton (HAL)	$33.99	$65.64	48.2%
Futu Holdings (FUTU)	$105.03	$207.05	49.3%
FB Financial (FBK)	$52.10	$103.32	49.6%
Civista Bancshares (CIVB)	$26.75	$53.30	49.8%
Bread Financial Holdings (BFH)	$108.63	$214.94	49.5%
Best Buy (BBY)	$94.12	$187.18	49.7%
Artisan Partners Asset Management (APAM)	$33.13	$64.78	48.9%
Addus HomeCare (ADUS)	$117.95	$226.18	47.9%

Click here to see the full list of 95 stocks from our Undervalued US Stocks Based On Cash Flows screener.

Let's take a closer look at a couple of our picks from the screened companies.

Halliburton (HAL)

Overview: Halliburton Company offers products and services to the energy industry globally, with a market cap of approximately $27.98 billion.

Operations: Halliburton generates revenue through its two main segments: Completion and Production, which accounted for $11.54 billion, and Drilling and Evaluation, contributing $8.64 billion.

Estimated Discount To Fair Value: 48.2%

Halliburton is trading at US$33.99, significantly below its estimated cash flow value of US$65.64, indicating potential undervaluation based on cash flows. Despite a high debt level and slower forecasted revenue growth compared to the market, recent earnings guidance suggests stable revenues and improved operating margins for 2027. With earnings growing by 52.9% over the past year and continued profitability expected, Halliburton presents a compelling case for investors focused on cash flow valuation metrics.

• Insights from our recent growth report point to a promising forecast for Halliburton's business outlook.
• Click here and access our complete balance sheet health report to understand the dynamics of Halliburton.

Jones Lang LaSalle (JLL)

Overview: Jones Lang LaSalle Incorporated is a commercial real estate and investment management company with a market cap of $14.22 billion.

Operations: The company's revenue segments include Investment Management at $450.20 million and Capital Markets Services at $2.62 billion.

Estimated Discount To Fair Value: 49.8%

Jones Lang LaSalle is trading at US$306.05, well below its estimated future cash flow value of US$610.2, highlighting potential undervaluation based on cash flows. Despite slower revenue growth forecasts compared to the broader U.S. market, JLL's earnings grew by 77.2% last year and are expected to continue rising annually by 8.88%. Recent executive changes aim to strengthen leadership and enhance strategic client engagements under the Accelerate 2030 initiative, potentially driving future performance improvements.

• In light of our recent growth report, it seems possible that Jones Lang LaSalle's financial performance will exceed current levels.
• Take a closer look at Jones Lang LaSalle's balance sheet health here in our report.

State Street (STT)

Overview: State Street Corporation offers a range of financial products and services to institutional investors, with a market cap of approximately $45.45 billion.

Operations: The company's revenue is primarily derived from Investment Servicing, which accounts for $12.42 billion, and Investment Management, contributing $3.08 billion.

Estimated Discount To Fair Value: 26.9%

State Street is trading at US$168.95, significantly below its estimated future cash flow value of US$231.11, suggesting undervaluation based on cash flows. Recent earnings show net income growth to US$1.09 billion for Q3 2026 from US$861 million a year ago, with annual profit growth forecasted at 11.4%, though slower than the market average. The recent $750 million fixed-income offering might bolster financial flexibility amidst leadership changes aimed at strategic transformation and innovation focus.

• The analysis detailed in our State Street growth report hints at robust future financial performance.
• Click to explore a detailed breakdown of our findings in State Street's balance sheet health report.

Key Takeaways

• Reveal the 95 hidden gems among our Undervalued US Stocks Based On Cash Flows screener with a single click here.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

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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