On November 5, Jay Woods, Chief Global Strategist at Freedom Capital Markets, appeared on CNBC to state that the valuation worries as overstated. Valuation concerns are widely believed to be the reason for the market sell-off; however, Woods believes that the sell-off is likely a combination of other external factors as well, such as the government shutdown or inflation. He acknowledged that valuations were extreme before the sell-off, but suggested this is merely the headline to fit the narrative. Woods described the shutdown as a debacle, even calling it a shut show.
The core impact, in Woods’ view, was on the Fed. Due to the shutdown, the Fed could not know what would happen with its decision in December. He referenced Chairman Jerome Powell’s previous statement that the Fed uses available data, but with the shutdown, they were forced to interpret data since they do not have hard data. Woods mentioned the Beige Book as an alternative data source and stated they will watch the November 26 Beige Book for insight into the Fed’s decision.
Earlier on October 31, Patrick Fruzzetti also appeared on CNBC to suggest that investors have to be disciplined around valuation as the year draws to a close. He believes that fundamentals still hold some sway, though he acknowledged the powerful market momentum that can lead people to get carried away.
That being said, we’re here with a list of the 13 most undervalued NYSE stocks to buy right now.
Our Methodology
We first sifted through the Finviz stock screener to compile a list of the top NYSE stocks that had a forward P/E ratio under 15. We then selected the 13 stocks that had an upside potential of over 30% . The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q2 2025, which was sourced from Insider Monkey’s database.
Note: All data was sourced on November 21.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
13 Most Undervalued NYSE Stocks to Buy Right Now
13. Wyndham Hotels & Resorts Inc. (NYSE:WH)
Forward P/E Ratio as of November 21: 14.53
Number of Hedge Fund Holders: 46
Average Upside Potential as of November 21: 30.98%
Wyndham Hotels & Resorts Inc. (NYSE:WH) is one of the most undervalued NYSE stocks to buy right now. On November 18, Wells Fargo initiated coverage of Wyndham Hotels with an Equal Weight rating and $82 price target. Although the company’s shares are currently considered cheap, the analyst remains cautious because consensus earnings estimates still seem overly optimistic. Wells Fargo is maintaining a neutral stance and will wait for an improvement in Wyndham’s Revenue Per Available Room/PAR or reported fee growth before considering an upgrade.
In its Q3 2205 earnings report released earlier, Wyndham Hotels & Resorts disclosed a decline of 5% year-over-year in its Revenue PAR. Fee-Related and Other Revenues totaled $382 million and dropped by 3% decline due to the drop in Revenue PAR. On the growth front, the company achieved a 21% increase in room openings and a 24% increase in deals signed during the quarter. This expansion drove net room growth internationally by 9%, and the overall global pipeline grew by 4% to reach a record 257,000 rooms across ~2,200 hotels. This pipeline carries a Fee Par premium of over 30% domestically and 25% internationally.
Wyndham’s full-year Revenue PAR outlook is now expected to decline 2% to 3% in constant currency, which is a reduction of 1% to 3% from previous expectations. The outlook for Fee-Related and Other Revenues is $1.43 to $1.45 billion. The company was also able to generate $382.00 million in quarterly revenue and earn $1.46 per share.
Wyndham Hotels & Resorts Inc. (NYSE:WH) operates as a hotel franchisor in the US and internationally.
12. ConocoPhillips (NYSE:COP)
Forward P/E Ratio as of November 21: 14.06
Number of Hedge Fund Holders: 72
Average Upside Potential as of November 21: 31.62%
ConocoPhillips (NYSE:COP) is one of the most undervalued NYSE stocks to buy right now. On November 12, UBS lowered the firm’s price target on ConocoPhillips to $117 from $122 and kept a Buy rating on the shares. Despite the financial challenges faced by the company associated with the Willow CapEx, UBS kept its optimistic forecast unchanged.
Earlier on November 6, Bloomberg reported that ConocoPhillips increased its total spending plan for the Willow oil and natural gas project in Alaska to as much as $9 billion due to inflation and rising costs. The company initially estimated capital spending for the North Slope project at $7 to $7.5 billion. The primary reason for raising the estimate to the new range of $8.5 to $9 billion is general inflationary costs amounting to ~$700 million.
ConocoPhillips still expects to begin oil production from the Willow project in early 2029. The project is important for the company as it diversifies its portfolio while shale basins in Texas mature. The Willow project is expected to produce ~600 million barrels of crude over a 30-year lifespan, which aligns with the push for more domestic oil production.
ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas/LNG, and natural gas liquids.
11. Celanese Corporation (NYSE:CE)
Forward P/E Ratio as of November 21: 6.27
Number of Hedge Fund Holders: 50
Average Upside Potential as of November 21: 31.82%
Celanese Corporation (NYSE:CE) is one of the most undervalued NYSE stocks to buy right now. On November 11, Evercore ISI analyst Eric Boyes lowered the firm’s price target on Celanese to $45 from $75 and maintained an In Line rating on the shares. This sentiment was posted after the company released its Q3 2025 earnings report. According to Boyes’ earnings recap, Q3 marked an unexpected trading shift for chemical companies. Although roughly half of the 20 tracked chemical stocks cut their Q4 outlook (with negative revisions averaging 12%), two-thirds of the companies still saw their share prices rise by an average of 6% after releasing their results.
In Q3, Celanese made $2.42 billion in total revenue, while earning $1.34 per share. The company is focused on increasing cash flow, intensifying cost improvements, and driving top-line growth. These internal efforts are expected to contribute to an EPS growth of $1 to $2 in 2026, with ~half of this growth anticipated to come from cost savings and the remainder primarily from success in the Engineered Materials/EM pipeline, complemented by an expected $30 to $40 million reduction in interest expense.
The company completed the sale of its Micromax business in Q3, marking a significant step toward its goal of $1 billion in divestitures by 2027. The company is also actively pursuing cost savings within its operations, expecting to realize an additional $30 to $50 million in net savings, after accounting for inflation, within the EM segment.
Celanese Corporation (NYSE:CE) is a chemical and specialty materials company that manufactures and sells engineered polymers worldwide.
10. Omnicom Group Inc. (NYSE: OMC)
Forward P/E Ratio as of November 21: 8.05
Number of Hedge Fund Holders: 49
Average Upside Potential as of November 21: 32.23%
Omnicom Group Inc. (NYSE:OMC) is one of the most undervalued NYSE stocks to buy right now. On November 12, BofA analyst Adrien de Saint Hilaire lowered the firm’s price target on Omnicom to $87 from $90, while maintaining a Neutral rating on the shares. This sentiment was posted as the analyst assessed Interpublic Group of Companies’ (NYSE:IPG) recent quarterly report, which was released shortly before its anticipated acquisition by Omnicom closes this month.
The results were mixed. IPG’s success in exceeding its cost-saving targets aligns positively with Omnicom’s initial pro forma EPS assumptions. Nevertheless, Adrien de Saint Hilaire flagged potential downsides: the risk of IPG’s savings duplicating efforts in the planned $750 million cost synergy program, and the danger that simultaneous cost-cutting could disrupt operations, cause staff to leave, and result in higher client churn.
In Omnicom’s own Q3 2025 results, the company reported generating $4.04 billion in quarterly revenue, which was an improvement of 3.98% year-over-year. The company’s EPS totaled $2.24, which beat Street expectations by $0.07. The company also secured antitrust clearance for its acquisition of Interpublic in all jurisdictions except the EU and expects the acquisition to close by late November.
Omnicom Group Inc. (NYSE:OMC) offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of media & advertising, precision marketing, public relations, healthcare, branding & retail commerce, experiential, execution, and support.
9. Permian Resources Corporation (NYSE:PR)
Forward P/E Ratio as of November 21: 12.27
Number of Hedge Fund Holders: 49
Average Upside Potential as of November 21: 32.81%
Permian Resources Corporation (NYSE:PR) is one of the most undervalued NYSE stocks to buy right now. On November 18, Piper Sandler lowered the firm’s price target on Permian Resources to $20 from $21, while keeping an Overweight rating on the shares. This sentiment came as Piper Sandler stated that the overall E&P sector posted strong Q3 2o25 results. The firm noted that Permian Resources’ operations, efficiencies, and costs are moving in the right direction despite the overall oil market macro environment remaining underwhelming.
In Q3, Permian Resources’ oil production reached 187,000 barrels of oil per day, which represented a 6% sequential increase from Q2, contributing to a total production of 410,000 barrels of oil equivalent per day. For this reason, the company raised the midpoint of its full-year production guidance to 181,500 barrels of oil per day and 394,000 barrels of oil equivalent per day.
Permian Resources recorded $1.32 billion in total revenue for the said quarter, which rose by 8.74% as compared to the year-ago period. The company also earned $0.37 per share, surpassing expectations by $0.08. Despite this strong performance, the company did acknowledge ongoing uncertainties in the macro environment, including the potential impact of suppressed commodity prices on future growth.
Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company that develops crude oil and associated liquids-rich natural gas reserves in the US.
8. Ovintiv Inc. (NYSE:OVV)
Forward P/E Ratio as of November 21: 6.98
Number of Hedge Fund Holders: 55
Average Upside Potential as of November 21: 33.44%
Ovintiv Inc. (NYSE:OVV) is one of the most undervalued NYSE stocks to buy right now. On November 18, Wells Fargo analyst Hanwen Chang raised the firm’s price target on Ovintiv to $42 from $38 and kept an Equal Weight rating on the shares. This upgrade was announced as Chang noted that the NuVista Energy acquisition provides Ovintiv with superior Montney assets, boosting productivity and unlocking the potential for over 5% oil growth without significant midstream capital expenditure.
Earlier this month, on November 5, Ovintiv signed a definitive agreement to acquire Canadian company NuVista Energy for ~$2.7 billion (CAD 3.8 billion) in a cash-and-stock transaction. Ovintiv already holds 9.6 percent of NuVista’s outstanding shares, which it obtained in a private transaction at CAD 16 per share. The total consideration for the remaining NuVista shares is structured as a blend of 50% cash and 50% Ovintiv common stock. The total acquisition price for NuVista is ~CAD 17.8 per share.
The acquisition is centered on high-quality assets in the core of the Alberta Montney. The deal provides Ovintiv with ~930 net 10,000-foot equivalent well locations and ~140,000 net acres, with about 70% of the acreage being undeveloped and directly adjacent to Ovintiv’s existing operations. The NuVista assets are projected to produce an average of 100,000 barrels of oil equivalent a day next year, which includes about 25,000 barrels per day of oil and condensate. This infrastructure is expected to allow Ovintiv’s Montney oil and condensate volumes to grow over 5% per year for the next 3-5 years.
Ovintiv Inc. (NYSE:OVV) explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.
7. Carnival Corporation (NYSE:CCL)
Forward P/E Ratio as of November 21: 11.09
Number of Hedge Fund Holders: 69
Average Upside Potential as of November 21: 37.42%
Carnival Corporation (NYSE:CCL) is one of the most undervalued NYSE stocks to buy right now. On November 18, Wells Fargo analyst Trey Bowers initiated coverage of Carnival with an Overweight rating and $37 price target. This decision comes as Wells Fargo considers the cruise sector to be the most attractive area within its coverage of gaming, leisure, and lodging companies. The firm anticipates a rapid improvement in ROIC for both individual cruise companies and the industry as a whole. Bowers believes that the TAM for cruises will continue to grow.
In its Q3 2025 earnings report, Carnival Corporation disclosed generating a record adjusted net income of $2 billion, surpassing its pre-pandemic benchmark by ~10%. This translated to an EPS of $1.43, beating Street expectations by $0.11. This achievement came despite a significant financial headwind from a ~600% increase in net interest expense compared to 2019.
The company delivered record revenues and yields, with yields increasing by 4.6% on a same-ship basis driven by strong close-in demand and high onboard spending. The total revenue for the quarter stood at $8.15 billion, which was modestly up 3.25% year-over-year. Furthermore, the company’s ROIC reached 13% for the trailing 12 months. Carnival also raised its full-year guidance for the third time this year, now expecting net income of ~$2.9 billion or $2.14 per share.
Carnival Corporation (NYSE:CCL) is a cruise company that provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour & Other.
6. Dell Technologies Inc. (NYSE:DELL)
Forward P/E Ratio as of November 21: 10.85
Number of Hedge Fund Holders: 54
Average Upside Potential as of November 21: 38.76%
Dell Technologies Inc. (NYSE:DELL) is one of the most undervalued NYSE stocks to buy right now. On November 17, Dell Technologies and NVIDIA (NASDAQ:NVDA) announced significant advancements to the Dell AI Factory with NVIDIA to simplify, boost performance, and increase flexibility for advanced environments, supporting enterprises across all AI applications, from traditional to agentic.
This move is crucial as enterprises navigate a new era of HPC and AI, facing challenges in managing complex hardware and software ecosystems. The Dell AI Factory with NVIDIA integrates Dell’s end-to-end infrastructure with NVIDIA AI technology and expert guidance from Dell Professional Services to accelerate outcomes and maximize ROI.
Dell is accelerating deployments through integrated, automated platforms. Most advancements are globally available now, including Dell Services AI use case pilots, the Dell AI Factory with NVIDIA updates featuring Dell PowerEdge XE7740/XE7745, Dell ObjectScale and PowerScale with NVIDIA Dynamo, updates to Dell’s ecosystem enablers for AI PCs, and updates for Red Hat OpenShift for the Dell AI Factory with NVIDIA.
Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services internationally. The company operates in two segments: Infrastructure Solutions Group/ISG and Client Solutions Group/CSG.
5. Shift4 Payments Inc. (NYSE:FOUR)
Forward P/E Ratio as of November 21: 10.91
Number of Hedge Fund Holders: 55
Average Upside Potential as of November 21: 39.11%
Shift4 Payments Inc. (NYSE:FOUR) is one of the most undervalued NYSE stocks to buy right now. On November 19, Truist analyst Matthew Coad lowered the firm’s price target on Shift4 Payments to $74 from $80 and kept a Hold rating on the shares. This sentiment was announced as part of a broader research note released by Truist on select Payments companies. Coad noted that while the Smartpay acquisition inflated Shift4’s near-term reported volume forecasts (prompting price target adjustments after Q3 2025 results), the firm is lowering its projections for organic volumes. This reduction reflects rising uncertainty about performance within Shift4’s key hospitality and restaurant verticals in 2026.
Earlier in its Q3 2025 earnings call, Shift4 Payments reported an increase of 61% year-over-year in Gross Revenue Less Network Fees, reaching $589 million. The company recorded a total revenue of $1.18 billion in the said quarter, which missed Street expectations by $3.74 million. Despite the miss, this revenue represented a 29.44% rise year-over-year. EPS for the quarter totaled $1.47, missing estimates by $0.01.
The company’s strategic acquisitions contributed significantly to its performance. The acquisition of Global Blue has positioned Shift4 as a leader in luxury retail, contributing $156 million to Gross Revenue Less Network Fees. Separately, the company is leveraging recent acquisitions like Smartpay in Australia and Vectron in Germany to efficiently introduce its products into new geographies.
Shift4 Payments Inc. (NYSE:FOUR) provides software and payment processing solutions in the US and internationally. The company distributes its products through independent software vendors, internal sales and support network, enterprises, and value-added resellers.
4. KBR Inc. (NYSE:KBR)
Forward P/E Ratio as of November 21: 10.01
Number of Hedge Fund Holders: 51
Average Upside Potential as of November 21: 47.57%
KBR Inc. (NYSE:KBR) is one of the most undervalued NYSE stocks to buy right now. On November 13, BofA lowered the firm’s price target on KBR to $45 from $55 and kept a Neutral rating on the shares. While the company delivered a beat in Q3 2025, BofA noted that investors are remaining cautious due to macro headwinds and the impending business split.
In Q3, KBR saw several contract wins, of which the most notable was a $2.5 billion contract with NASA. The company also earned $1.02 per share, which beat estimates by $0.07. Despite these positive factors, KBR’s revenue for the quarter was flat compared to the year-ago period due to challenges in converting bookings into recognized revenue. Quarterly revenue totaled $1.93 billion, which modestly declined by ~0.8% year-over-year and missed estimates by $42.07 million.
The company’s Sustainable Technology Solutions segment experienced headwinds from delays in LNG project development and some petrochemical project cancellations. At the same time, the Readiness and Sustainment segment saw a 22% revenue decline due to strategic shifts and cost reductions by the DoD.
KBR Inc. (NYSE:KBR) provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments.
3. Owens Corning (NYSE:OC)
Forward P/E Ratio as of November 21: 9.44
Number of Hedge Fund Holders: 48
Average Upside Potential as of November 21: 63.61%
Owens Corning (NYSE:OC) is one of the most undervalued NYSE stocks to buy right now. On November 11, JPMorgan lowered the firm’s price target on Owens Corning to $113 from $157 with a Neutral rating on the shares. This sentiment was announced as the company posted its Q3 2025 earnings report, after which the firm reduced its estimates. JPMorgan noted that the company’s Q4 will be impacted by continued weak demand and inventory destocking.
In the third quarter, Owens Corning reported generating $2.7 billion in revenue and $638 million in adjusted EBITDA, achieving a strong 24% margin. These results reflect significant structural improvements, with both the roofing and insulation businesses improving their margins by over 5% compared to similar market conditions over the past decade.
Owens Corning is investing in growth, including a new plant in Alabama for laminate shingles and a new fiberglass line in Kansas City to enhance production capabilities. However, the company faced several headwinds, primarily from weakening residential trends in the US and a quiet storm season. The roofing business was negatively impacted by having no named storms make landfall in the US during Q3, which led to lower storm-related demand. This reduced storm activity, combined with market inventory corrections, is estimated to account for about half of the expected year-over-year revenue decline in roofing for Q4.
Owens Corning (NYSE:OC) provides residential and commercial building products in the US, Europe, the Asia Pacific, and internationally. It operates through 4 segments: Roofing, Insulation, Doors, and Composites.
2. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
Forward P/E Ratio as of November 21: 7.19
Number of Hedge Fund Holders: 45
Average Upside Potential as of November 21: 64.84%
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of the most undervalued NYSE stocks to buy right now. On November 18, Wells Fargo analyst Trey Bowers initiated coverage of Norwegian Cruise Lin with an Overweight rating and $30 price target. This sentiment was posted after the company experienced a selloff after releasing its Q3 2025 earnings report. Wells Fargo believes that this selloff in the shares is a buying opportunity.
In Q3, Norwegian Cruise Line Holdings disclosed achieving the highest quarterly revenue in its history, driven by strong customer demand and a high Load Factor of 106.4%, which was boosted by strong family demand. This revenue totaled $2.94 billion and was 4.69% higher than the revenue made in Q3 2024. The company’s Adjusted Net Income was $596 million, and Adjusted EPS came in at $1.20, which exceeded estimates by $0.06.
Booking activity during this quarter was the strongest third-quarter bookings in company history, up over 20% from the previous year. This growth was broad-based across all three brands (NCL, Oceania, and Regent) and continued into October. The company also raised its full-year adjusted EPS guidance to $2.10, which is a 19% year-over-year increase.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.
1. Primo Brands Corporation (NYSE:PRMB)
Forward P/E Ratio as of November 21: 9.64
Number of Hedge Fund Holders: 72
Average Upside Potential as of November 21: 132.56%
Primo Brands Corporation (NYSE:PRMB) is one of the most undervalued NYSE stocks to buy right now. On November 7, RBC Capital analyst Nik Modi lowered the firm’s price target on Primo Brands to $30 from $37, while maintaining an Outperform rating on the shares. This sentiment was posted after the company released its Q3 2025 earnings results. RBC Capital acknowledged that the company overcame its delivery issues but also warned investors that a slow pace of volume recovery will hurt near-term figures and valuation.
In its earnings report for Q3 released on the same day, Primo Brands disclosed delivering mixed results marked by strong profitability and continued challenges in its direct delivery segment. Net sales for the quarter reached $1.766 billion, which was a modest 1.6% year-over-year decline. In contrast, the company’s focus on efficiency drove a 6.8% year-over-year increase in Comparable Adjusted EBITDA to $404.5 million, expanding the margin to 22.9%. Despite the drop in sales, the company’s Unit Case Volume Growth increased by 0.7%.
The primary drag on performance was the direct delivery business, which saw a 6.5% decline in comparable net sales, equating to $47 million. This decline was attributed to self-inflicted integration challenges following the merger, which led to temporary increased costs, including additional routes and customer service expenses, and required providing $3.7 million year-over-year in increased credits to customers. However, the company has stabilized its operations, successfully improving its delivery service rate back to ~95%, which is consistent with historical levels.
Primo Brands Corporation (NYSE:PRMB) operates as a branded beverage company in North America. It offers solutions through water dispensers, direct delivery of refillable/reusable bottles, a pre-filled Water exchange program, and water filtration appliances, as well as operates self-service water refill stations.
While we acknowledge the potential of PRMB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PRMB and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
