Europe

In terms of European companies, France’s Renault (RNO ) is the second most undervalued, according to Morningstar estimates. It’s joined on this list Japan’s Nissan (7201 ) and two companies are part of a wider Renault-Nissan-Mitsubishi alliance, which makes almost 8 million vehicles a year. Germany’s Volkswagen (VOW3 ) is another automotive firm to join the 5-star cohort this month. Other EU firms on the wider list include Just Eat Takeaway (JET ), French telecoms firm Orange (ORA ) and Italian aerospace company Leonardo (LDO ).