UK Stocks Fair Value: HSBC, Shell, AstraZeneca…

Of the 54 UK companies below that have an ATLAS fair value estimate, 21 trade more than 8% below the model's central estimate, 10 within 8% of it and 23 more than 8% above it (median: price 1.5% below fair value). HSBC is the largest (market cap $323B); 57 of the 60 pay a dividend, with a median yield of 3.2%.

Updated Nov 3, 2026 · Source: EODHD / ATLAS model

#CompanyPriceATLAS fair valueRangePrice vs fair valueConfidenceDividend yield
1HSBCHSBA.LSE£12.75£10.37£9.33–£11.41+23%medium5.80%
2ShellSHEL.LSE£39.21£62.80£43.44–£90.79-38%medium3.82%
3AstraZenecaAZN.LSE£138.60£146.32£108.26–£210.91-5.3%high2.47%
4Rolls-RoyceRR.LSE£12.76£12.87£11.78–£19.54-0.8%high0.83%
5Rio TintoRIO.LSE£61.96£54.71£36.32–£82.43+13%medium7.10%
6UnileverULVR.LSE£49.01£42.17£29.02–£61.27+16%medium3.85%
7BPBP.LSE£6.00£4.65£2.82–£7.60+29%low5.55%
8British American TobaccoBATS.LSE£45.74£53.18£41.77–£100.07-14%high5.54%
9GSKGSK.LSE£18.25£30.51£22.50–£46.75-40%medium4.31%
10GlencoreGLEN.LSE£5.19£5.43£4.46–£9.68-4.5%medium3.02%
11Lloyds BankingLLOY.LSE£0.952£0.708£0.637–£0.778+35%medium4.05%
12National GridNG.LSE£12.52£9.13£6.09–£13.55+37%medium3.87%
13BarclaysBARC.LSE£4.24£5.93£5.34–£6.52-28%medium
14BAE SystemsBA.LSE£20.73£36.40£25.45–£52.06-43%medium1.94%
15NatWestNWG.LSE£5.92£5.26£4.73–£5.78+13%medium5.51%
16RelxREL.LSE£29.98£33.33£24.80–£44.78-10%medium2.35%
17Standard CharteredSTAN.LSE£20.55£16.10£14.49–£17.71+28%medium
18Anglo AmericanAAL.LSE£38.24£22.44£16.24–£31.01+70%medium1.00%
19London Stock ExchangeLSEG.LSE£95.24£87.20£78.48–£95.92+9.2%medium1.81%
20DiageoDGE.LSE£18.06£17.12£13.43–£21.82+5.5%medium2.84%
21Coca-Cola Europacific PartnersCCEP.LSE£85.70£90.54£66.33–£123.60-5.3%medium2.49%
22Reckitt BenckiserRKT.LSE£55.74£58.09£32.69–£76.50-4.0%high3.86%
23TescoTSCO.LSE£5.45£9.37£7.11–£12.34-42%medium2.75%
24HaleonHLN.LSE£3.23£5.29£3.61–£8.20-39%medium1.95%
25AntofagastaANTO.LSE£32.53£17.04£10.14–£28.35+91%medium2.32%
26SSESSE.LSE£26.02£12.88£10.29–£15.95+102%medium2.64%
27VodafoneVOD.LSE£1.17£1.94£1.75–£2.14-40%low3.92%
283IIII.LSE£25.28£56.91£51.22–£62.60-56%medium3.47%
29ExperianEXPN.LSE£30.23£31.71£22.64–£44.39-4.7%medium2.40%
30PrudentialPRU.LSE£9.33£13.87£12.49–£15.26-33%medium3.12%
31AvivaAV.LSE£7.30£3.09£2.79–£3.40+136%medium5.65%
32Imperial BrandsIMB.LSE£29.79£68.83£47.52–£99.68-57%medium5.63%
33BTBT-A.LSE£2.28£3.49£2.37–£5.14-35%medium3.90%
34FresnilloFRES.LSE£23.37£23.13£22.09–£36.87+1.0%medium5.57%
35NextNXT.LSE£154.15£191.54£142.49–£266.66-20%high1.81%
36Legal & GeneralLGEN.LSE£3.06£1.03£0.924–£1.13+198%low7.36%
37Associated British FoodsABF.LSE£19.43£25.99£20.86–£41.50-25%medium3.20%
38HalmaHLMA.LSE£35.00£17.89£12.48–£25.64+96%medium0.72%
39SegroSGRO.LSE£9.15£4.60£2.19–£6.83+99%medium3.49%
40InformaINF.LSE£8.472.55%
41AdmiralADM.LSE£38.82£24.52£22.07–£26.98+58%medium3.81%
42United UtilitiesUU.LSE£15.41£7.01£4.52–£10.76+120%medium3.53%
43SageSGE.LSE£11.79£10.30£8.16–£12.99+14%medium1.97%
44Airtel AfricaAAF.LSE£2.67£4.28£2.78–£6.60-38%medium2.49%
45DiplomaDPLM.LSE£72.65£68.16£51.21–£92.42+6.6%medium0.87%
46Endeavour MiningEDV.LSE£37.34£30.11£19.10–£47.00+24%low4.24%
47Severn TrentSVT.LSE£33.083.87%
48Smith & NephewSN.LSE£11.05£16.17£10.51–£21.94-32%high3.68%
49IntertekITRK.LSE£59.40£45.18£33.75–£67.63+31%high1.82%
50Standard LifeSDLF.LSE£9.326.15%
51Marks and SpencerMKS.LSE£4.16£5.39£3.77–£7.70-23%medium1.03%
52BunzlBNZL.LSE£28.92£45.19£29.41–£69.45-36%medium2.66%
53PearsonPSON.LSE£12.94£10.94£8.28–£14.47+18%medium1.86%
54Allfunds0AAL.LSE£0.1492.77%
55Rentokil InitialRTO.LSE£3.57£3.65£2.26–£5.90-2.2%medium4.02%
56WiseWISE.LSE£8.10£15.24£9.10–£25.27-47%medium
57J SainsburySBRY.LSE£3.51£5.26£4.54–£6.04-33%medium3.81%
58M&GMNG.LSE£3.236.56%
59SmithsSMIN.LSE£27.361.83%
60IMIIMI.LSE£29.00£26.62£20.71–£34.21+8.9%medium1.18%

Price vs fair value = latest close ÷ ATLAS fair value − 1: negative means the price is below the model's central estimate, positive above. Ordered by market capitalization. Prices and fair values are in each company's trading currency.

How this list is built

Ranking: companies are ordered by market capitalization in US dollars (EODHD). Investment funds and trusts and duplicate share classes are removed. ATLAS publishes 500 companies (the UK); the 60 largest are shown.

Fair value: ATLAS estimates a fair value per share every night with its valuation model (discounted cash flow and/or sector multiples, depending on the company), with a low–high range and a low, medium or high confidence label. Latest model run: Nov 2, 2026.

Price vs fair value is a description of the model, not a forecast and not a recommendation to buy or sell. Models can be wrong; a price below the estimate can stay there. Dividend yield is the forward yield reported by EODHD.

Frequently asked questions

Are UK stocks undervalued?

ATLAS does not give a verdict: it compares each price with its own fair value estimate. As of Nov 3, 2026, of the 54 UK companies with an estimate, 21 trade more than 8% below the model's central estimate, 10 within 8% and 23 more than 8% above (median: price 1.5% below fair value). This describes a model, not a forecast.

How does ATLAS estimate the fair value of European stocks?

Every night the ATLAS valuation model estimates a fair value per share (discounted cash flow and/or sector multiples, depending on the company) with a low–high range and a confidence label. Price vs fair value is the latest close divided by the central estimate, minus 1. The latest run in this list is from Nov 2, 2026.

Which UK companies trade furthest from their ATLAS fair value?

As of Nov 3, 2026, among the companies listed, Imperial Brands has the largest gap below the model's central estimate (price -57% vs fair value) and Legal & General the largest gap above (price +198%). These are model outputs, not recommendations.

Is this a recommendation to buy or sell?

No. This page is 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.

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