Top Undervalued S&P 500 Stocks (March 2026)

For a company to be selected by the Index Committee and included in the S&P 500 index, it must satisfy these requirements:

• The company must be headquartered in the United States.
• Its market capitalization should be a minimum of $8.2 billion.
• The company’s shares need to exhibit high liquidity.
• At least 50% of its outstanding shares should be available for public trading.
• It must have positive earnings in the most recent quarter.
• The total earnings over the last four quarters must also be positive.

Fair Value Assessment: We considered only stocks presenting a Fair Value upside potential of at least 25%, based on InvestingPro’s fair value assessment. 

Fair Value Uncertainty (InvestingPro): To further refine our selection, we focused exclusively on companies categorized with either Low or Medium Fair Value uncertainty levels.

S&P 500 Index Inclusion: We prioritized stocks listed in the S&P 500 for this screener.

Fair Value Upside: 31.2%

Market Cap: $256.3 B

UnitedHealth Group Inc is a multinational health insurance and services company, with headquarters in Minnetonka, Minnesota. It is the world’s largest health care company by revenue. Its health care services and care delivery are aided by technology and data under Optum.

Fair Value Upside: 45.5%

Market Cap: $179.9 B

Salesforce Inc. (CRM) is a leading American cloud-based software company headquartered in San Francisco, California. Founded in 1999 by Marc Benioff and Parker Harris, Salesforce is best known for its customer relationship management (CRM) platform, which provides a comprehensive suite of applications for sales, service, marketing, and analytics.

Fair Value Upside: 32.8%

Market Cap: $144.3 B

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). It also provides development, and other services and sells related products to the United States government agencies and their contractors.

Fair Value Upside: 44.7%

Market Cap: $125.5 B

Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. The company operates in four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax. It sells products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

Fair Value Upside: 47.8%

Market Cap: $124.1 B

Accenture plc provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally. It offers systems integration and application management; security; intelligent platform; infrastructure; software engineering; data and AI; and automation services.

Fair Value Upside: 38.3%

Market Cap: $122 B

ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company provides asset management, integrated risk management, IT service management, Operational Technology management, Security Operations, strategic portfolio management, IT operations management products; customer service management product; field service management applications; and sales and order management services.

Fair Value Upside: 56.4%

Market Cap: $112.2 B

Adobe Systems Incorporated (ADBE) is a multinational software company headquartered in San Jose, California. Founded in 1982 by John Warnock and Charles Geschke, Adobe is renowned for its creative software products that are widely used in design, photography, video editing, and digital marketing. Its flagship products include Adobe Photoshop, Illustrator, Acrobat, and the Creative Cloud suite.

Fair Value Upside: 44.5%

Market Cap: $110 B

Comcast Corporation operates as a media and technology company worldwide. Its Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The company was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

Fair Value Upside: 35.6%

Market Cap: $97.095 B

CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. It operates online retail pharmacy websites, LTC pharmacies and on-site pharmacies, retail specialty pharmacy stores, compounding pharmacies and branches for infusion and enteral nutrition services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014.

Fair Value Upside: 33.4%

Market Cap: $86.119 B

Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth, turnaround, and later stage companies. It also provide capital markets services.

You can find undervalued S&P 500 stocks using Investing Pro. Here are the steps:

• Click on the Screener tool.
• Select ‘Fair Value Uncertainty (InvestingPro)’ as a filter parameter on the Screener page, and select ‘Low’ and Medium’
• Add Index Membership, is part of ‘S&P 500’ 
• Add a filter for ‘InvestingPro Fair Value Upside’ above 30%

• You can then see the list of all the companies falling in the desired screener filters’ range arranged in a descending order.

The S&P 500 is a stock market index that tracks the 500 largest publicly traded companies in the United States, weighted by market capitalization. Find out more with our guide to the S&P 500.

No, individual investors cannot directly buy shares of the S&P 500 index itself. However, they can invest in mutual funds, exchange-traded funds (ETFs), or index funds that replicate the performance of the S&P 500.

The composition of the S&P 500 can change due to corporate actions such as mergers, acquisitions, or when a company no longer meets the index criteria. Changes are announced by S&P Dow Jones Indices.

Market capitalization (market cap) is the total market value of a company’s outstanding shares of stock. It is important in the S&P 500 because the index is weighted by market cap, meaning larger companies have a greater impact on its performance. View the current largest companies by market cap.

Risks include market volatility, economic downturns affecting company earnings, sector-specific risks, and risks associated with individual companies within the index.

Yes, investors can choose to invest in specific sectors or industries within the S&P 500 through sector-specific ETFs, mutual funds, or individual stock selection.