Best Stocks in Emerging Markets: November 2026
As of 10 Nov 2026, Star Petroleum Refining Public Company Limited (SPRC.BK) ranks first on MoatMap's November 2026 list of emerging-market stocks, with a MoatMap Score of 100/100, among companies worth $200M or more that trade $1M or more a day. A research ranking, not investment advice.
The 25 highest-ranked stocks in 16 emerging markets, by MoatMap Score, the 0 to 100 score of Quality, Value and Momentum. The group is the markets MSCI classes as emerging, plus Vietnam, which MSCI classes as a frontier market: China, India, Taiwan, South Korea, Brazil, Mexico, South Africa, Indonesia, Thailand, Malaysia, Poland, Turkey, Saudi Arabia, Greece, Hungary and Vietnam. Each list takes at most two stocks per country and one line per company.
Why a list of its own: in a high-inflation currency such as the Turkish lira or the Indonesian rupiah, dividends and earnings run higher in nominal terms, so a 10% yield there is not a 10% yield in US dollars or euros. Ranking each group on its own compares like with like.
November 2026 edition · data as of ·How we score stocks·The world list
Top 25 Stocks in Emerging Markets: November 2026
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Quality 87: ROIC in the top 5% of its sector and interest well covered. Value 85: cheap on P/E and cheap on EV/EBITDA. Momentum 68: above its moving averages and outperforming the market over 6 months. | Yield 6.0% | P/E 3.5 | 100 Score | 87 Q | 85 V | 68 M | Full House | |
| 2 | Momentum 82: near its 52-week high and quarterly earnings growing. Quality 82: strong free cash flow and low debt. Value 76: a high yield and cheap on free cash flow. | Yield 4.9% | P/E 13.2 | 100 Score | 82 Q | 76 V | 82 M | Full HouseBuyback | |
| 3 | Quality 85: strong free cash flow and ROIC in the top 10% of its sector. Momentum 74: near its 52-week high and outperforming the market over 6 months. Value 73: a high yield and cheap on EV/EBITDA. | Yield 5.0% | P/E 9.4 | 100 Score | 85 Q | 73 V | 74 M | Full HouseDir. buy | |
| 4 | Quality 83: strong free cash flow and low debt. Value 80: a high yield and cheap on EV/EBITDA. Momentum 71: outperforming the market over 6 months and above its moving averages. | Yield 28.1% | P/E 4.4 | 100 Score | 83 Q | 80 V | 71 M | Full House | |
| 5 | Momentum 79: outperforming the market over 6 months and above its moving averages. Quality 78: F-Score 9/9 and high return on equity. Value 75: a high yield and cheap on P/E. | Yield 32.0% | P/E 3.1 | 100 Score | 78 Q | 75 V | 79 M | Full House | |
| 6 | Quality 87: high gross profitability and F-Score 9/9. Momentum 79: quarterly earnings growing and near its 52-week high. Value 62: cheap on P/E and a high yield. | Yield 4.1% | P/E 10.6 | 99 Score | 87 Q | 62 V | 79 M | Full House | |
| 7 | Quality 83: high return on equity and ROIC in the top 5% of its sector. Value 75: cheap on P/E and cheap on EV/EBITDA. Momentum 68: outperforming the market over 6 months and above its moving averages. | Yield 6.0% | P/E 3.8 | 99 Score | 83 Q | 75 V | 68 M | Full House | |
| 8 | Quality 90: wide operating margins and strong free cash flow. Value 69: cheap on EV/EBITDA and cheap on free cash flow. Momentum 68: estimates revised up and quarterly earnings growing. | Yield 3.1% | P/E 28.6 | 99 Score | 90 Q | 69 V | 68 M | Full HouseDir. buyBuybackDeep dive → | |
| 9 | Quality 86: wide operating margins and high gross profitability. Momentum 73: quarterly earnings growing and above its moving averages. Value 68: a high yield and cheap on P/E. | Yield 4.7% | P/E 10.4 | 99 Score | 86 Q | 68 V | 73 M | Full House | |
| 10 | Value 93: cheap on free cash flow and cheap on P/E. Momentum 72: quarterly earnings growing and outperforming the market over 6 months. Quality 61: strong free cash flow and F-Score 7/9. | Yield 2.5% | P/E 5.6 | 99 Score | 61 Q | 93 V | 72 M | Full House | |
| 11 | Quality 81: strong free cash flow and ROIC in the top 10% of its sector. Value 74: cheap on EV/EBITDA and cheap on free cash flow. Momentum 69: outperforming the market over 6 months and above its moving averages. | Yield 5.2% | P/E 9.3 | 99 Score | 81 Q | 74 V | 69 M | Full House | |
| 12 | Momentum 82: outperforming the market over 6 months and above its moving averages. Quality 72: F-Score 8/9 and ROIC in the top 20% of its sector. Value 69: cheap on EV/EBITDA and cheap on sales. | Yield 1.1% | P/E 13.0 | 99 Score | 72 Q | 69 V | 82 M | Full House | |
| 13 | Quality 92: ROIC in the top 5% of its sector and F-Score 9/9. Value 76: cheap on EV/EBITDA and cheap on P/E. Momentum 54: quarterly earnings growing but EPS deteriorating. | Yield 5.0% | P/E 6.4 | 99 Score | 92 Q | 76 V | 54 M | Full House | |
| 14 | Quality 87: wide operating margins and ROIC in the top 5% of its sector. Value 79: cheap on EV/EBITDA and cheap on P/E. Momentum 55: quarterly earnings growing. | Yield 3.2% | P/E 9.9 | 99 Score | 87 Q | 79 V | 55 M | Full HouseBuybackDeep dive → | |
| 15 | Momentum 80: above its moving averages and outperforming the market over 6 months. Quality 72: high return on equity and ROIC in the top 15% of its sector. Value 69: cheap on P/E and cheap on sales. | Yield 4.7% | P/E 5.6 | 99 Score | 72 Q | 69 V | 80 M | Full House | |
| 16 | Momentum 77: quarterly earnings growing and outperforming the market over 6 months. Quality 74: strong free cash flow and ROIC in the top 5% of its sector. Value 70: cheap on EV/EBITDA and cheap on free cash flow. | Yield 4.3% | P/E 23.2 | 99 Score | 74 Q | 70 V | 77 M | Full House | |
| 17 | Momentum 88: outperforming the market over 6 months and above its moving averages. Quality 75: ROIC in the top 5% of its sector and high gross profitability. Value 57: cheap on P/E but expensive on free cash flow. | Yield 1.1% | P/E 5.6 | 99 Score | 75 Q | 57 V | 88 M | Full HouseDir. buy | |
| 18 | Momentum 75: near its 52-week high and outperforming the market over 6 months. Quality 74: strong free cash flow and ROIC in the top 15% of its sector. Value 71: a high yield and cheap on free cash flow. | Yield 6.2% | P/E 14.2 | 99 Score | 74 Q | 71 V | 75 M | Full House | |
| 19 | Value 82: cheap on free cash flow and cheap on EV/EBITDA. Momentum 77: outperforming the market over 6 months and above its moving averages. Quality 58: strong free cash flow but low gross profitability. | Yield 3.3% | P/E 8.0 | 98 Score | 58 Q | 82 V | 77 M | Full HouseDir. buy | |
| 20 | Value 88: a high yield and cheap on P/E. Quality 81: strong free cash flow and high return on equity. Momentum 48: estimates revised up but below its moving averages. | Yield 10.3% | P/E 4.9 | 98 Score | 81 Q | 88 V | 48 M | Unloved Quality | |
| 21 | Value 73: cheap on P/E and cheap on sales. Quality 72: high return on equity and ROIC in the top 10% of its sector. Momentum 68: above its moving averages and outperforming the market over 6 months. | Yield 2.5% | P/E 4.8 | 98 Score | 72 Q | 73 V | 68 M | Full HouseBuyback | |
| 22 | Quality 83: wide operating margins and ROIC in the top 5% of its sector. Momentum 75: estimates revised up and near its 52-week high. Value 54: far above book value. | Yield 2.5% | P/E 13.1 | 98 Score | 83 Q | 54 V | 75 M | Full HouseBuyback | |
| 23 | Momentum 79: near its 52-week high and outperforming the market over 6 months. Value 70: cheap on EV/EBITDA and below book value. Quality 60: high gross profitability. | Yield 6.6% | P/E 9.2 | 97 Score | 60 Q | 70 V | 79 M | Full House | |
| 24 | Quality 84: wide operating margins and F-Score 8/9. Momentum 67: near its 52-week high and above its moving averages. Value 57: cheap on P/E. | Yield — | P/E 10.2 | 96 Score | 84 Q | 57 V | 67 M | Full House | |
| 25 | Value 81: cheap on sales and cheap on free cash flow. Momentum 67: estimates revised up and above its moving averages. Quality 60: high return on equity and strong free cash flow. | Yield — | P/E 7.4 | 96 Score | 60 Q | 81 V | 67 M | Full HouseBuyback |
Ranked by MoatMap Score across the 16 emerging markets MoatMap scores, among companies worth $200M or more that trade $1M or more a day, one line per company and at most two stocks per country. A new edition is generated on the first scoring run of each month.