Discover

Turnaround Candidates

Deeply out-of-favour names with recovery potential.

Turnarounds are high-risk, high-reward: deeply out-of-favour companies where a change of fortune can re-rate the stock. As a proxy this collection screens for names trading 40%+ below their 52-week high; use the Risk rating heavily — many will not recover.

786 stocksSorted by Reward ratingUpdated 16 Jul 2026

Why it matters

Deeply out-of-favour names with recovery potential. It is best used as a valuation shortlist, not a buy list: the strongest candidates still need balance-sheet, cash-flow and competitive-position checks.

What to check next

Look for durable margins, sensible debt, cash conversion and whether the market is pricing in a temporary problem or a permanent decline.

Main risk

This is a proxy screen, so treat the result as a starting point. Cheap or high-quality screens can still contain value traps when earnings are peaking, accounting quality is poor or the business model is losing relevance.

Showing the 40 largest of 786 — sort or filter to explore the rest.

Company	Market Cap	Reward	Risk	Yield
Samsung Electronics Co LtdSSNLF	$428.2B	—	—	2.4%
Oracle CorporationORCL	$425.0B	—	—	1.4%
UnitedHealth Group IncorporatedUNH	$265.7B	—	—	3.0%
Naspers LimitedNAPRF	$215.4B	—	—	0.1%
Novo Nordisk A/SNVO	$169.6B	—	—	4.9%
Softbank Group Corp.SFTBF	$150.2B	—	—	0.3%
Applovin CorpAPP	$149.1B	—	—	—
Xiaomi CorpXIACF	$115.4B	—	—	—
Adobe Systems IncorporatedADBE	$98.5B	—	—	—
Bloom Energy CorpBE	$81.9B	—	—	—
Kioxia Holdings Corporation ADRKXIAY	$77.3B	—	—	—
MeituanMPNGF	$67.7B	—	—	—
Kairos Minerals LimitedKAIFD	$60.4B	—	—	—
Infosys Ltd ADRINFY	$57.6B	—	—	3.6%
Rolls-Royce Holdings plcRLLCF	$56.7B	—	—	—
Loblaw Companies Limited ADRLOBLY	$56.0B	—	—	0.0%
Lumentum Holdings IncLITE	$51.7B	—	—	—
Roblox CorpRBLX	$48.7B	—	—	—
CoreWeave, Inc. Class A Common StockCRWV	$47.4B	—	—	—
MicroStrategy IncorporatedMSTR	$45.3B	—	—	—
Coinbase Global IncCOIN	$43.2B	—	—	—
Thomson Reuters Corporation Common SharesTRI	$42.9B	—	—	2.4%
Jd Com IncJDCMF	$40.2B	—	—	53.2%
Dollarama, Inc. ADRDLMAY	$39.3B	—	—	0.1%
Constellation Software IncCNSWF	$38.5B	—	—	0.2%
Adyen N.VADYYF	$36.7B	—	—	—
Ares Management LPARES	$36.6B	—	—	4.0%
Kongsberg Gruppen ASAKBGGY	$35.9B	—	—	10.8%
Fresenius SE & Co KGaA ADRFSNUY	$33.8B	—	—	6.5%
Astera Labs, Inc.ALAB	$33.7B	—	—	—
Orsted A/S ADRDNNGY	$33.1B	—	—	68.8%
Axon Enterprise Inc.AXON	$32.3B	—	—	—
Fiserv, Inc. Common StockFISV	$32.1B	—	—	—
Daito Trust Construction Co.LtdDITTF	$30.1B	—	—	3.9%
Polestar Automotive Holding UK PLC Class C-1 ADS (ADW)PSNYW	$29.8B	—	—	—
Charter Communications IncCHTR	$29.4B	—	—	—
Caspian Sunrise plcROXIF	$27.8B	—	—	—
S.F. Holding Co. Ltd. ADRSFHOY	$27.4B	—	—	4.9%
Bridgestone CorporationBRDCF	$27.3B	—	—	4.0%
Falcon Metals LimitedFALFF	$27.1B	—	—	—

Samsung Electronics Co LtdSSNLF · $428.2B
Reward—Risk—Yield2.4%
Oracle CorporationORCL · $425.0B
Reward—Risk—Yield1.4%
UnitedHealth Group IncorporatedUNH · $265.7B
Reward—Risk—Yield3.0%
Naspers LimitedNAPRF · $215.4B
Reward—Risk—Yield0.1%
Novo Nordisk A/SNVO · $169.6B
Reward—Risk—Yield4.9%
Softbank Group Corp.SFTBF · $150.2B
Reward—Risk—Yield0.3%
Applovin CorpAPP · $149.1B
Reward—Risk—
Xiaomi CorpXIACF · $115.4B
Reward—Risk—
Adobe Systems IncorporatedADBE · $98.5B
Reward—Risk—
Bloom Energy CorpBE · $81.9B
Reward—Risk—
Kioxia Holdings Corporation ADRKXIAY · $77.3B
Reward—Risk—
MeituanMPNGF · $67.7B
Reward—Risk—
Kairos Minerals LimitedKAIFD · $60.4B
Reward—Risk—
Infosys Ltd ADRINFY · $57.6B
Reward—Risk—Yield3.6%
Rolls-Royce Holdings plcRLLCF · $56.7B
Reward—Risk—
Loblaw Companies Limited ADRLOBLY · $56.0B
Reward—Risk—Yield0.0%
Lumentum Holdings IncLITE · $51.7B
Reward—Risk—
Roblox CorpRBLX · $48.7B
Reward—Risk—
CoreWeave, Inc. Class A Common StockCRWV · $47.4B
Reward—Risk—
MicroStrategy IncorporatedMSTR · $45.3B
Reward—Risk—
Coinbase Global IncCOIN · $43.2B
Reward—Risk—
Thomson Reuters Corporation Common SharesTRI · $42.9B
Reward—Risk—Yield2.4%
Jd Com IncJDCMF · $40.2B
Reward—Risk—Yield53.2%
Dollarama, Inc. ADRDLMAY · $39.3B
Reward—Risk—Yield0.1%
Constellation Software IncCNSWF · $38.5B
Reward—Risk—Yield0.2%
Adyen N.VADYYF · $36.7B
Reward—Risk—
Ares Management LPARES · $36.6B
Reward—Risk—Yield4.0%
Kongsberg Gruppen ASAKBGGY · $35.9B
Reward—Risk—Yield10.8%
Fresenius SE & Co KGaA ADRFSNUY · $33.8B
Reward—Risk—Yield6.5%
Astera Labs, Inc.ALAB · $33.7B
Reward—Risk—
Orsted A/S ADRDNNGY · $33.1B
Reward—Risk—Yield68.8%
Axon Enterprise Inc.AXON · $32.3B
Reward—Risk—
Fiserv, Inc. Common StockFISV · $32.1B
Reward—Risk—
Daito Trust Construction Co.LtdDITTF · $30.1B
Reward—Risk—Yield3.9%
Polestar Automotive Holding UK PLC Class C-1 ADS (ADW)PSNYW · $29.8B
Reward—Risk—
Charter Communications IncCHTR · $29.4B
Reward—Risk—
Caspian Sunrise plcROXIF · $27.8B
Reward—Risk—
S.F. Holding Co. Ltd. ADRSFHOY · $27.4B
Reward—Risk—Yield4.9%
Bridgestone CorporationBRDCF · $27.3B
Reward—Risk—Yield4.0%
Falcon Metals LimitedFALFF · $27.1B
Reward—Risk—

Frequently asked questions

What is the Turnaround Candidates collection?

Deeply out-of-favour names with recovery potential. It currently holds 786 stocks, each rated by Openbook's Reward and Risk scores. Turnarounds are high-risk, high-reward: deeply out-of-favour companies where a change of fortune can re-rate the stock.

How are Turnaround Candidates stocks selected?

Constituents are chosen by a rules-based screen over the full UK and US common-stock universe, then ranked by market capitalisation. This is a proxy screen — see the description above for the exact criteria and its limitations.

How often is the Turnaround Candidates list updated?

It is rebuilt from live market data, so the constituents and their rankings update as prices and company fundamentals change — there is no fixed, hand-edited list.

How should I use the Reward and Risk ratings?

Openbook's Reward rating combines a stock's growth, momentum, profitability and valuation into a single 0–100 score, and the Risk rating scores financial strength, volatility and size. Use them to compare names within this theme — broadly, a higher Reward alongside a lower Risk is more attractive. They are quantitative research signals, not investment advice.

Openbook Reward and Risk ratings and factor scores are quantitative signals for research, not investment advice. Data may be delayed. Some US-listed names carry partial factor coverage.