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Do you consider yourself a value investor, always searching for potentially undervalued names? For ideas on how to start your own value search, we ran a screen.

We began by screening for stocks with high growth projections, with 5-year projected EPS growth rates above 15%, that are also trading below $5 a share.

Then we screened for those that may be undervalued, by comparing price trends to changes in EPS estimates over the last month.

Based on the assumption that P/E is equal to a constant k, increases in EPS should be matched by increases in price. When they don't match up, a mispricing may have occurred.

We screened for stocks with faster growth in EPS estimates than price over the last month, which may indicate that these names are being undervalued.

(click to enlarge)

Do you think these stocks will soon price in more value? Use this list as a starting point for your own analysis.

List sorted by increase in EPS estimate over the last month.

1. 8x8 Inc. (NASDAQ:EGHT): Develops and markets telecommunications services for Internet protocol, telephony, and video applications, as well as provides Web-based conferencing and unified communications services. Market cap at $278.16M, most recent closing price at $4.11. 5-year projected EPS growth at 27.50%. The EPS estimate for the company's current year increased from 0.15 to 0.18 over the last 30 days, an increase of 20%. This increase came during a time when the stock price changed by -0.49% (from 4.06 to 4.04 over the last 30 days).

2. AEGON N.V. (NYSE:AEG): Provides life insurance, pensions, and asset management products and services worldwide. Market cap at $8.21B, most recent closing price at $4.38. 5-year projected EPS growth at 25.10%. The EPS estimate for the company's current year increased from 0.66 to 0.77 over the last 30 days, an increase of 16.67%. This increase came during a time when the stock price changed by -9.05% (from 4.53 to 4.12 over the last 30 days).

3. SIRIUS XM Radio Inc. (NASDAQ:SIRI): Provides satellite radio services in the United States and Canada. Market cap at $7.34B, most recent closing price at $1.94. 5-year projected EPS growth at 20.70%. The EPS estimate for the company's current year increased from 0.07 to 0.08 over the last 30 days, an increase of 14.29%. This increase came during a time when the stock price changed by -12.15% (from 2.14 to 1.88 over the last 30 days).

4. 1-800-Flowers.com Inc. (NASDAQ:FLWS): Operates as a gift retailer in the United States. Market cap at $193.07M, most recent closing price at $2.99. 5-year projected EPS growth at 16.00%. The EPS estimate for the company's current year increased from 0.14 to 0.15 over the last 30 days, an increase of 7.14%. This increase came during a time when the stock price changed by -0.68% (from 2.92 to 2.9 over the last 30 days).

5. Navios Maritime Holdings Inc. (NYSE:NM): Operates as a seaborne shipping and logistics company in Greece. Market cap at $356.49M, most recent closing price at $3.54. 5-year projected EPS growth at 16.00%. The EPS estimate for the company's current year increased from 0.49 to 0.52 over the last 30 days, an increase of 6.12%. This increase came during a time when the stock price changed by -15.79% (from 3.8 to 3.2 over the last 30 days).

*EPS data sourced from Yahoo! Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 5 High-Growth Stocks Under $5 Undervalued By EPS Trends