I’ve been looking at ASX shares that I think the market may be underestimating in terms of what the business could achieve over the next few years.

Three companies stand out to me, each with an opportunity to deliver stronger earnings and potentially reward patient investors.

Here’s why I think they are worth buying.

WiseTech Global Ltd (ASX: WTC)

WiseTech has had a difficult period, but I think there is still an excellent business underneath the uncertainty.

Its CargoWise software is deeply embedded in global logistics operations, helping customers manage everything from shipments and customs documentation to complex international supply chains.

I like the company’s opportunity to generate more revenue from customers already using its technology. WiseTech is introducing a transaction-based commercial model, which could allow revenue to grow as customers process more activity through CargoWise.

The acquisition of e2open also gives it access to a much larger network of businesses across global supply chains.

Of course, management has plenty to prove. Integrating e2open, delivering the benefits of its new commercial model, and navigating changes brought by artificial intelligence will all require careful execution.

But with ASIC’s investigations into the company and key personnel recently concluded without enforcement action, one important uncertainty has been removed.

And I think the valuation leaves room for a recovery. WiseTech shares are trading on a PE ratio of approximately 26 times FY27 earnings, falling to around 16 times FY29 earnings based on consensus forecasts.

If management delivers the expected growth, I think WiseTech’s share price could be much higher than where it trades today.

Universal Store Holdings Ltd (ASX: UNI)

Universal Store is another ASX share I think deserves more attention.

The retailer operates several youth-focused fashion brands, including Universal Store, Perfect Stranger, and Thrills.

What I like is its ability to develop brands that connect with younger consumers while continuing to expand its retail footprint.

There are opportunities to open additional stores, grow online sales, and improve profitability as the business becomes larger.

Despite consensus estimates forecasting solid earnings growth through to at least FY29, they are trading on a PE ratio of around 14 times forecast FY27 earnings.

There is also a forecast dividend yield of approximately 5.6% for FY27.

I think that is an attractive combination of income and growth for investors prepared to accept the risks of retailing.

Flight Centre Travel Group Ltd (ASX: FLT)

My final pick is Flight Centre, which I think could reward investors willing to wait for better conditions in the travel industry.

Geopolitical tensions, higher fuel prices, and more expensive airfares have created a difficult environment.

But Flight Centre has been using this period to strengthen its business. Management has materially reduced costs, while acquisitions made around the bottom of the travel cycle have expanded its offering in specialist markets.

I especially like its substantial corporate travel operations, where it has established relationships with businesses around the world.

As travel conditions improve, I think Flight Centre could benefit from stronger demand flowing through a leaner and more diversified business.

And investors are paying a relatively modest price for that potential. At current levels, Flight Centre trades on less than nine times forecast FY28 earnings, with an expected dividend yield of around 5% for that year.

The recovery could take time, but I think the potential reward makes the shares worth buying.

Foolish takeaway

I think all three ASX shares have a reasonable chance of being worth considerably more in a few years.

There is execution risk involved, particularly with WiseTech and Flight Centre, but I believe their current valuations leave room for attractive returns.

I’d be happy to buy at today’s prices and give these businesses time to deliver.

The post 3 undervalued ASX shares I would buy today appeared first on The Motley Fool Australia.

More reading

• WiseTech Global vs Netwealth: Which ASX tech stock could double from here?
• Here are the top 10 ASX 200 shares today
• Buy, hold, sell: Appen, Flight Centre, and Telstra shares
• Should I buy WiseTech shares after today’s big news?
• If I invest $5,000 in Flight Centre shares, what passive income could I earn in FY27?

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Flight Centre Travel Group and Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX 200 utilities shares led the 11 market sectors with a 4.47% gain, capitalising on a 3.64% lift the week before.

ASX 200 healthcare shares rose 3.88%, adding to their 3.53% increase the week before.

Last week was the second consecutive case of these traditionally defensive sectors outperforming their peers.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) rose 1.03% to close at 8,806.7 points.

Defensive shares tend to do well amid economic uncertainty.

Investors remain worried about a potential fifth interest rate hike in November due to persistently high inflation.

Experts described a hawkish tone in the minutes of this month’s Reserve Bank (RBA) board meeting, released on Tuesday.

However, news on Thursday of a rise in unemployment to 4.7% in September eased fears of another rate hike somewhat.

The market is now pricing in a 16% chance of the RBA raising the cash rate to 4.85% next month.

Eight of the 11 market sectors finished in the green last week.

Let’s recap.

Utilities shares led the ASX sectors last week

Just 21 companies make up the ASX 200 utilities sector.

Here’s how the top companies by market capitalisation performed last week.

The Origin Energy Ltd (ASX: ORG) share price ripped 6.06% to close at $12.06 on Friday.

The APA Group (ASX: APA) share price ascended 2.37% to $11.23.

Mercury NZ Ltd (ASX: MCY) shares decreased 2.68% to $5.45 per share.

The Meridian Energy Ltd (ASX: MEZ) share price rose 4.61% to close at $4.54.

AGL Energy Ltd (ASX: AGL) shares lifted 4.27% to $8.79 apiece.

Contact Energy Ltd (ASX: CEN) shares edged 1.59% higher to $7.04 per share.

Genesis Energy Ltd (ASX: GNE) shares fell 1.28% to $1.94.

The LGI Ltd (ASX: LGI) share price soared 6.84% to $2.50.

In the healthcare sector, CSL Ltd (ASX: CSL) shares rose 4.55% to $192.20.

Sigma Healthcare Ltd (ASX: SIG) shares increased 5.95% to $2.85 apiece.

The Resmed CDI (ASX: RMD) share price ascended 5.43% to $34.35.

The Pro Medicus Ltd (ASX: PME) share price rose 6.03% to $175.73.

ASX 200 market sector snapshot

Here’s how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

S&P/ASX 200 market sector	Change last week
Utilities (ASX: XUJ)	4.47%
Healthcare (ASX: XHJ)	3.88%
Consumer Staples (ASX: XSJ)	3.35%
Financials (ASX: XFJ)	3.2%
Consumer Discretionary (ASX: XDJ)	2.15%
Energy (ASX: XEJ)	1.31%
Industrials (ASX: XNJ)	0.61%
Communication (ASX: XTJ)	0.42%
Information Technology (ASX: XIJ)	(1.28%)
A-REIT (ASX: XPJ)	(1.73%)
Materials (ASX: XMJ)	(2.31%)

The post ASX 200 utilities and healthcare shares win the week again appeared first on The Motley Fool Australia.

More reading

• Why these are my favourite ASX growth shares to buy and hold
• If I could only buy 5 ASX shares for retirement, these would make my shortlist
• Here’s the average superannuation balance at 60 and 70 in Australia
• Here are the top 10 ASX 200 shares today
• 9 ASX 200 shares experts are backing for growth amid market weakness

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Apa Group and ResMed. The Motley Fool Australia has recommended CSL, LGI Limited, and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

WiseTech Global vs Netwealth Group shares: Which beaten-down stock could rebound?

Looking for a quality bounce after some tough months? Both WiseTech Global Ltd (ASX: WTC) and Netwealth Group Ltd (ASX: NWL) have copped a beating in 2026, catching the eye of contrarian investors hoping for a big comeback. If you’re wondering which of these two ASX tech stocks is more likely to double from here, let’s break down their businesses, financials, and recent momentum.

The case for WiseTech

WiseTech Global is a leading logistics software provider, well known for its CargoWise One platform. Its clients include top global freight forwarders—think names like Toll and DHL—allowing it to play a central role in streamlining complex global supply chains. Founded in Sydney in 1994, WiseTech now has a major international footprint. While the company profile highlights its reach and innovation, most recently confirmed user or revenue numbers weren’t available in the supplied data.

A few things stand out in the numbers:

• Market cap of $11.28 billion makes WiseTech a significant force in the tech sector.
• P/E ratio sits at 43.47, which is substantial, but arguably not strange for a high-growth software business.
• EPS is 0.532, and the dividend yield is a modest 0.66%. All dividends are fully franked, which is handy for tax-conscious Aussie investors.
• Year-to-date (YTD) WiseTech shares are down a hefty 51.3%, so it’s fair to say sentiment is gloomy, but steep declines can sometimes mean the sharpest rebounds—if business momentum returns.

The case for Netwealth

Netwealth Group is another Australian tech success story, though its focus is on wealth management platforms and superannuation services. The firm provides cloud-based admin software and managed accounts to advisers, private clients, and institutions, charging SaaS fees largely based on funds under administration.

Netwealth’s investment case leans on these features:

• Market cap is $4.12 billion, much smaller than WiseTech but still firmly mid-cap territory.
• P/E ratio is comparatively high at 68.50 (not unusual for platform businesses with sticky customers, though definitely toward the upper end of ASX valuations).
• EPS is 0.247 and the dividend yield is much higher at 2.48%, with all dividends 100% franked.
• Netwealth shares are down 32.5% YTD—a painful slide, but far less extreme than WiseTech’s recent plunge, making the prospective “double from here” a less herculean task if sentiment changes.

Valuation comparison

Let’s look at how the key numbers stack up side by side:

Metric	WiseTech	Netwealth
Market Cap	$11.28 billion	$4.12 billion
P/E Ratio	43.47	68.50
EPS	0.532	0.247
Dividend Yield	0.66%	2.48%
Dividend Franking	100%	100%
YTD Return	-51.3%	-32.5%

A quick note: Netwealth Group’s P/E ratio is much higher than WiseTech’s, despite having a significantly lower EPS. This usually implies investors expect more future growth from Netwealth or see its earnings as higher quality. But with both companies in different parts of the tech space, direct P/E comparisons need some caveats—platform SaaS versus global logistics have different typical multiples.

Recent share price momentum

Comparing recent share price performance up to 13 October 2026:

• WiseTech Global closed at $33.11 on 13 October 2026, after dropping 2.8% that day. Momentum has been volatile with sharp losses and gains, but the overall trend remains deeply negative for the year.
• Netwealth Group finished at $16.92 on the same date, down 3.0%. Its short-term trading has been choppy too, especially after an 8%+ drop in late September, but the losses haven’t been as brutal as WiseTech’s over 2026.

Which is the better buy?

If I’m picking which beaten-down stock is more likely to double from today, I’d lean toward WiseTech Global. Here’s my reasoning:

• The market has hammered WiseTech far harder in 2026, with shares sinking over 51%. That kind of sell-off can sometimes (not always!) be a set-up for a sharp recovery, especially given the company’s global reach, strong customer base, and mission-critical software.
• WiseTech’s valuation, while not low, is meaningfully below Netwealth’s on a P/E basis (43.5 vs 68.5). They’re different kinds of businesses, but I’d rather back a global tech leader with a lower multiple if I’m hunting for a rebound.
• The dividend yield is low on both, but fully franked. Netwealth pays more, but if I’m after a potential double, it’s capital growth that matters more, not yield.
• Netwealth hasn’t fallen anywhere near as far, so a double from here would require an even bigger surge in optimism and growth. That feels less likely unless the business suddenly accelerates.
• Of course, turnarounds are always risky. There’s no guarantee WiseTech will be back in favour soon—sentiment could worsen before it improves.

For those willing to stomach volatility in exchange for the potential of outsized gains, WiseTech looks like the better bet to stage a double from here—though it’s not one for the faint-hearted!

The post WiseTech Global vs Netwealth: Which ASX tech stock could double from here? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• This high-quality ASX 200 share could rise 60%
• 5 things to watch on the ASX 200 on Friday
• Should I buy WiseTech shares after today’s big news?
• Netwealth reports record FUA and platform growth in September 2026 quarter

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group and WiseTech Global. The Motley Fool Australia has positions in and has recommended Netwealth Group and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial draft. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.