In this article, we will look at the 10 Best Undervalued Stocks to Buy Under $100.

​On May 5, the Investment Committee at CNBC Television debated how to navigate the market as strong earnings continue to push markets higher. The committee highlighted Keith Lerner’s comments from Truist Financials. Lerner’s note suggests that the bull market still deserves the benefit of doubt, given the economic conditions, earnings growth, valuations, and market price trends. He added that record highs are characteristics of a bull market and highlighted that the recent bull rally is driven by strong fundamentals and earnings revisions.

​The committee also invited Josh Brown from Ritholtz Wealth Management to discuss his take on the markets. He highlighted that the standout growth performers of the current earnings season are mostly companies strongly tied to the AI capital expenditure theme. Brown added that the AI capital expenditure story has been leading the economy and the markets higher. He believes that this theme will continue to lead the S&P 500 higher throughout the year.

​With that, let’s take a look at the 10 Best Undervalued Stocks to Buy Under $100.

​Our Methodology

To curate the list of Best Undervalued Stocks to Buy Under $100, we used screeners to identify stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

​10 Best Undervalued Stocks to Buy Under $100

​10. Fifth Third Bancorp (NASDAQ:FITB)

Price: $50.30

Fwd P/E Ratio: 12.02

Number of Hedge Fund Holders: 46

​The Street is bullish on Fifth Third Bancorp (NASDAQ:FITB) since the company posted its fiscal Q1 2026 earnings on April 17. The stock currently trades at a forward price to earnings ratio of 12.02, significantly below the average ratio of the S&P 500. The company also ranks among our Best Undervalued Stocks to Buy Under $100.

​Recently, on May 7, Jason Goldberg from Barclays reiterated a Buy rating on the stock and raised the price target from $61 to $63. Earlier, on April 30, Vivek Juneja from J.P. Morgan also reiterated a Buy rating on Fifth Third Bancorp (NASDAQ:FITB) and raised the price target from $53 to $54.5.

​The positive sentiment comes despite the company missing earnings estimates during the first quarter. The company posted $2.83 billion in revenue, reflecting more than 32.68% year-over-year growth but below the consensus of $4.47 million. The GAAP EPS  of $0.15 also fell short of the consensus by $0.07.

​During the earnings transcript, management noted that the integration of the Comerica acquisition is progressing as per the schedule. The company has raised its net interest income guidance to a range of $8.7 billion to $8.8 billion for the full year, based on improved realized synergy capture, favorable deposit response, and new market expansion success.

​Analyst at J.P. Morgan noted that the firm has increased its price target in the large-cap bank space following the Q1 results.

​Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company and serves as the indirect holding company of Fifth Third Bank, National Association.

​9. The Kroger Co. (NYSE:KR)

Price: $66.92

Fwd P/E Ratio: 12.89

Number of Hedge Fund Holders: 49

​The Kroger Co. (NYSE:KR) is one of the Best Undervalued Stocks to Buy Under $100. The company is set to release its fiscal Q1 2026 results next month on June 2. The Street expects the company to post revenue of around $45.35 billion, up significantly from the previous quarter’s revenue of $34.73 billion. The GAAP EPS is also expected to be higher at $1.61 compared to the previous quarter’s EPS of $1.35.

​Separately, on April 27, Erste Group downgraded The Kroger Co. (NYSE:KR) from Buy to Hold without disclosing any price targets. Earlier, on March 9, BofA had reiterated a Buy rating on the stock with a price target of $85.

​Analysts at Erste Group noted that while the valuation of the company is significantly low, they expect it to remain low over the medium term. As a result, the firm finds limited upside for the stock, hence the downgrade. On the other hand, BofA likes the company better under the leadership of CEO Greg Foran. The firm pointed to the company’s digital and in-store execution and value offerings. BofA also highlighted that the company’s brands continue to outperform national brands and also noted that the firm sees private label products as a significant advantage.

​The Kroger Co. (NYSE:KR) operates food and drug retail stores across the U.S., including combination food and drug stores, multi-department stores, marketplace stores, and price-impact warehouses.