STOCKS
33 Undervalued ASX Stocks For 2026
We share our outlook for different sectors in Australia and highlight opportunities in 2026.
New Morningstar research has revealed that the real estate, healthcare and technology sectors are undervalued (as of Mar 31, 2026), as surging oil prices and higher rates have reshuffled star ratings across our coverage.
We have identified several stocks trading at attractive prices, with certain names trading at discounts to their long-term intrinsic value of up to 40% or more as of 31 Mar 2026.
Morningstar valuation overview of Australian-listed firms under coverage as of 31 Mar 2026. 4- and 5-star ratings mean the stock is undervalued, while a 3-star rating means it's fairly valued, and 1- and 2-star stocks are overvalued.
To see undervalued stocks across various sectors, sign up for a FREE 4-week trial^ of Morningstar Investor (no credit card needed) to access our 33 ASX stock picks inside our ‘Australian Equity Market Outlook Q2 2026’ Your Money Weekly issue, plus our premium stock screener that will help you identify all stocks currently trading at a 4- or 5- star rating.
^The free 4-week trial offer is limited to new clients and cannot be used in combination with any other promotional offers and cannot be used to extend an existing Investor Membership. One free trial per household. Morningstar is licensed to provide our subscription service to Australian residents only.
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