Data · Undervalued Scorecard · monthly
Undervalued Dividend Stocks Scorecard, September 2026
Final · Period 2026-09-01 to 2026-10-01 · Generated October 5, 2026
Abstract
Of 2,727 listed dividend payers with a fair-value estimate as of 2026-10-05, 1,315 (48%) trade below fair value, 634 (23%) near it, and 778 (29%) above it.
471 of the undervalued names also hold a dividend safety score of 75 or higher, the intersection this note calls cheap and safe.
The mean upside to fair value among undervalued names is 70%.
Key figures
- Payers with a fair-value estimate
- 2,727
- Below fair value
- 48%
- 1,315
- Cheap and safe
- 471
- undervalued and safety ≥ 75
- Mean upside, undervalued names
- 70%
1.Fifteen cheap-and-safe names, largest upside first
| Ticker | Company | Sector | Price | Fair value | Upside | Safety | Yield |
|---|---|---|---|---|---|---|---|
| FCNCB | First Citizens BancShares, Inc. | Financial Services | $1700.00 | $4872.05 | +187% | A | 0.5% |
| MBIN | Merchants Bancorp | Financial Services | $49.95 | $130.10 | +160% | A | 0.9% |
| AIO | Virtus Artificial Intelligence & Technology Opportunities Fund | Financial Services | $25.48 | $66.19 | +160% | A | 9.9% |
| THQ | Abrdn Healthcare Opportunities Fund | Financial Services | $17.78 | $46.11 | +159% | B | 11.5% |
| LCII | LCI Industries | Consumer Cyclical | $82.81 | $214.34 | +159% | A | 5.5% |
| LAD | Lithia Motors, Inc. | Consumer Cyclical | $307.77 | $788.71 | +156% | A | 0.9% |
| NWS | News Corporation | Communication Services | $31.65 | $80.84 | +155% | A | 0.6% |
| OLN | Olin Corporation | Basic Materials | $15.90 | $39.62 | +149% | A | 5.0% |
| BME | BlackRock Health Sciences Trust | Financial Services | $43.34 | $104.03 | +140% | A | 7.3% |
| GHC | Graham Holdings Company | Industrials | $1149.61 | $2708.21 | +136% | A | 0.7% |
| FCNCA | First Citizens BancShares, Inc. | Financial Services | $2073.46 | $4872.31 | +135% | A | 0.4% |
| UVE | Universal Insurance Holdings, Inc. | Financial Services | $43.95 | $102.82 | +134% | A | 1.5% |
| WLKP | Westlake Chemical Partners LP | Basic Materials | $21.27 | $49.06 | +131% | A | 8.9% |
| DOX | Amdocs Limited | Technology | $58.12 | $133.89 | +130% | A | 3.9% |
| NIE | Virtus Equity & Convertible Income Fund | Financial Services | $24.89 | $56.80 | +128% | A | 9.3% |
Market cap of $500M or more.
2.Share below fair value, by sector
| Sector | Payers | Median yield | Below fair value | Median safety score |
|---|---|---|---|---|
| Financial Services | 989 | 4.6% | 62% | 71 |
| Industrials | 287 | 1.6% | 27% | 83 |
| Real Estate | 214 | 5.8% | 39% | 60 |
| Consumer Cyclical | 202 | 2.6% | 41% | 74 |
| Energy | 162 | 3.7% | 49% | 62 |
| Technology | 146 | 1.4% | 29% | 81 |
| Basic Materials | 124 | 1.6% | 28% | 69 |
| Utilities | 111 | 4.0% | 28% | 85 |
| Consumer Defensive | 98 | 3.5% | 43% | 76 |
| Healthcare | 84 | 1.7% | 44% | 83 |
| Communication Services | 73 | 3.4% | 60% | 62 |
Method and definitions
- Fair value blends a discounted cash flow model, a dividend discount model and an earnings-multiple estimate; a name is undervalued when price is below the blended estimate by more than the model's margin of safety. The safety score (0–100) weighs payout coverage, free cash flow, balance sheet, growth history and yield versus its own history.
- This scorecard is a snapshot as of 2026-10-05 for September 2026; it is not a recommendation.
Cite this note
SmarterDividends (2026). Undervalued Dividend Stocks Scorecard, September 2026. https://smarterdividends.com/data/undervalued-scorecard/2026-09
Free to quote and reproduce with attribution and a link to this page.
For informational purposes only; not investment advice.