ATLASUndervalued Stocks in Canada (October 2026)
ATLAS compares every company's price with its estimated fair value. Of 429 listed companies in Canada, 77 trade between 10% and 70% below that estimate, with medium or high confidence in it and positive earnings. The median gap among them is 29% below fair value. Here are the 25 with the widest gap.
Data as of Oct 27, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.
| # | Company | Price | Below fair value |
|---|---|---|---|
| 1 | TCW.TOTrican Well Service | CA$6.84 | 60% |
| 2 | OGC.TOOceanaGold | CA$34.77 | 59% |
| 3 | QSR.TORestaurant Brands International | CA$104.43 | 55% |
| 4 | PLZ-UN.TOPlaza Retail REIT | CA$5.10 | 55% |
| 5 | GIB-A.TOCGI | CA$114.95 | 53% |
| 6 | WSP.TOWSP Global | CA$184.55 | 52% |
| 7 | KBL.TOK-Bro Linen | CA$41.09 | 50% |
| 8 | GIL.TOGildan Activewear | CA$56.52 | 50% |
| 9 | PET.TOPet Valu | CA$19.79 | 49% |
| 10 | K.TOKinross Gold | CA$31.41 | 48% |
| 11 | QBR-B.TOQuebecor | CA$66.49 | 47% |
| 12 | PEY.TOPeyto Exploration&Development | CA$25.57 | 47% |
| 13 | ALC.TOAlgoma Central | CA$30.72 | 46% |
| 14 | CSW-A.TOCorby Spirit and Wine | CA$15.55 | 43% |
| 15 | RCH.TORichelieu Hardware | CA$37.56 | 43% |
| 16 | PSK.TOPrairieSky Royalty | CA$36.70 | 42% |
| 17 | WN.TOGeorge Weston | CA$106.92 | 42% |
| 18 | ET.TOEvertz Technologies | CA$13.43 | 42% |
| 19 | STN.TOStantec | CA$99.49 | 41% |
| 20 | PXT.TOParex Resources | CA$29.49 | 41% |
| 21 | DCBO.TODocebo | CA$42.84 | 40% |
| 22 | SJ.TOStella-Jones | CA$66.84 | 40% |
| 23 | CGY.TOCalian Technologies | CA$84.55 | 40% |
| 24 | FVI.TOFortuna Silver Mines | CA$13.05 | 40% |
| 25 | TOT.TOTotal Energy Services | CA$39.50 | 39% |
Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.
The top 10 in a sentence
- Trican Well Service (TCW.TO) trades 60% below ATLAS fair value, at a P/E of 15.6. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 51% chance of closing higher in a month.
- OceanaGold (OGC.TO) trades 59% below ATLAS fair value, at a P/E of 7.1. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 49% chance of closing higher in a month.
- Restaurant Brands International (QSR.TO) trades 55% below ATLAS fair value, at a P/E of 19.2. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 53% chance of closing higher in a month.
- Plaza Retail REIT (PLZ-UN.TO) trades 55% below ATLAS fair value, at a P/E of 9.3. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 56% chance of closing higher in a month.
- CGI (GIB-A.TO) trades 53% below ATLAS fair value, at a P/E of 14.3. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 51% chance of closing higher in a month.
- WSP Global (WSP.TO) trades 52% below ATLAS fair value, at a P/E of 24.7. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 50% chance of closing higher in a month.
- K-Bro Linen (KBL.TO) trades 50% below ATLAS fair value, at a P/E of 25.2. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 53% chance of closing higher in a month.
- Gildan Activewear (GIL.TO) trades 50% below ATLAS fair value, at a P/E of 31.8. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 50% chance of closing higher in a month.
- Pet Valu (PET.TO) trades 49% below ATLAS fair value, at a P/E of 13.6. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 51% chance of closing higher in a month.
- Kinross Gold (K.TO) trades 48% below ATLAS fair value, at a P/E of 9.1. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 48% chance of closing higher in a month.
How ATLAS finds undervalued stocks in Canada
Fair value is ATLAS estimate of what a share is worth given the company's cash flows and the multiples of comparable companies, refreshed every night. The gap is price divided by fair value, minus 1. We keep gaps between 10% and 70% below fair value: deeper gaps usually signal bad inputs or a business in trouble rather than a bargain.
Only estimates with medium or high confidence count. The company must also have positive earnings (positive P/E or margin), a market value above USD 300 million and enough trading volume. The list is sorted by the size of the gap.
Limits: a share can stay below its estimated value for years, and the model can be wrong, especially for banks, cyclical businesses and companies with one-off items. Being below fair value is not a recommendation to buy. The probability of a higher close is shown for context. This is information, not investment advice.
Frequently asked questions
Which stocks in Canada are the most undervalued?
In October 2026, the widest gaps below ATLAS fair value among 77 qualifying companies belong to Trican Well Service, OceanaGold, and Restaurant Brands International. Trican Well Service leads at 60% below its estimate.
What does "undervalued" mean here?
That the share price is at least 10% below ATLAS estimate of what the company is worth, using cash flows and comparable multiples. It is a model output, not a judgement on the business.
Does undervalued mean the stock will go up?
No. Prices can stay below estimated value for years, and estimates change when results change. The one-month probability in the table is separate and is close to a coin flip for most stocks.
How much of the market in Canada looks undervalued?
77 of 429 listed companies pass the filter. The median gap among them is 29% below fair value, and 15 of them are in Energy, the most represented sector.
How often is this list updated?
Fair values are refreshed every night and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.
Screen Canada stocks yourself
Filter by yield, fair value and probability, follow your favourites and test ideas in a risk-free simulator.
Get started →Plans from €3.99 a month.
Explore more
More lists for Canada
- Best Dividend Stocks in Canada (October 2026)
- Largest Companies in Canada by Market Cap (October 2026)
- Top Most Stable Stocks in Canada (October 2026)
Undervalued stocks: other countries
Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer