6 Most Undervalued Mid-Cap Stocks to Buy Now These are the six most undervalued mid-cap stocks to buy now. These stocks have market capitalizations between $500 million and $10 billion and have low valuation multiples. They also have good earnings prospects going forward, recession or not. If they don’t, they are generating large amounts of free cash flow. These stocks are also very inexpensive right now. As a result, the average P|E multiple of this group is 12.5x and they have an average dividend yield of over 2%. This can be seen in the chart on the right. Click to Enlarge Source: Mark R. Hake, CFA It’s not uncommon as well for these kinds of mid-cap stocks to have significant upside potential as well. In most cases, I will point out the average upside target prices that analysts have for the stock. This article will focus on those stocks with the best of both worlds – cheap valuations and above-average growth rates. 7 Best AI Stocks to Buy Now Let’s dive in and look at these undervalued mid-cap stocks. EBF Ennis $21.18 WIRE Encore Wire Corporation $113.72 MYE Myers Industries $22.59 BBSI Barrett Business Services $76.75 BHE Benchmark Electronics $23.39 AIT Applied Industrial Technologies $93.71 Undervalued Mid-Cap Stocks: Ennis, Inc (EBF) Source: Shutterstock Market Cap: $523 million Ennis (NYSE: EBF ) is a mid-cap stock that is known for its production and marketing of printed business products.