Data · Undervalued Scorecard · monthly
Undervalued Dividend Stocks Scorecard, October 2026
Preliminary · Period 2026-10-01 to 2026-11-01 · Generated October 1, 2026 · updates daily until the period closes
Abstract
Of 2,737 listed dividend payers with a fair-value estimate as of 2026-10-01, 1,317 (48%) trade below fair value, 648 (24%) near it, and 772 (28%) 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
- 2,737
- Below fair value
- 48%
- 1,317
- 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 |
|---|---|---|---|---|---|---|---|
| CASH | Pathward Financial, Inc. | Financial Services | $71.14 | $208.74 | +193% | A | 0.3% |
| FCNCB | First Citizens BancShares, Inc. | Financial Services | $1703.64 | $4872.05 | +186% | A | 0.5% |
| IGR | CBRE Global Real Estate Income Fund | Financial Services | $11.76 | $31.93 | +172% | B | 18.3% |
| LAD | Lithia Motors, Inc. | Consumer Cyclical | $291.83 | $788.98 | +170% | A | 1.0% |
| MBIN | Merchants Bancorp | Financial Services | $48.96 | $130.10 | +166% | A | 0.9% |
| AIO | Virtus Artificial Intelligence & Technology Opportunities Fund | Financial Services | $24.87 | $65.73 | +164% | A | 10.0% |
| LCII | LCI Industries | Consumer Cyclical | $83.67 | $214.34 | +156% | A | 5.4% |
| NWS | News Corporation | Communication Services | $31.72 | $80.71 | +154% | A | 0.6% |
| THQ | Abrdn Healthcare Opportunities Fund | Financial Services | $18.40 | $46.11 | +151% | B | 11.1% |
| GHC | Graham Holdings Company | Industrials | $1134.67 | $2715.39 | +139% | A | 0.7% |
| FCNCA | First Citizens BancShares, Inc. | Financial Services | $2060.20 | $4872.31 | +136% | A | 0.4% |
| BME | BlackRock Health Sciences Trust | Financial Services | $44.13 | $103.71 | +135% | A | 7.0% |
| DOX | Amdocs Limited | Technology | $57.18 | $133.89 | +134% | A | 4.0% |
| WLKP | Westlake Chemical Partners LP | Basic Materials | $21.20 | $49.06 | +131% | A | 8.8% |
| G | Genpact Limited | Technology | $32.53 | $74.67 | +130% | A | 2.3% |
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 | 992 | 4.6% | 62% | 71 |
| Industrials | 286 | 1.5% | 28% | 84 |
| Real Estate | 215 | 5.8% | 39% | 60 |
| Consumer Cyclical | 202 | 2.6% | 40% | 74 |
| Energy | 162 | 3.8% | 49% | 62 |
| Technology | 147 | 1.4% | 33% | 81 |
| Basic Materials | 124 | 1.5% | 28% | 69 |
| Utilities | 111 | 4.1% | 28% | 85 |
| Consumer Defensive | 98 | 3.5% | 42% | 76 |
| Healthcare | 85 | 1.7% | 45% | 83 |
| Communication Services | 73 | 3.5% | 62% | 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 2026-10-01 for October 2026; it is not a recommendation.
Cite this note
SmarterDividends (2026). Undervalued Dividend Stocks Scorecard, October 2026. https://smarterdividends.com/data/undervalued-scorecard/2026-10
Free to quote and reproduce with attribution and a link to this page.
For informational purposes only; not investment advice.