| 1 | Lung Fung Group Holdings Limited (2290.HK) | 10/10 | 1.5x |
| 2 | Vishal Mega Mart Limited (VMM.NS) | 9/10 | 36.8x |
| 3 | V-Mart Retail Limited (VMART.NS) | 9/10 | 19.1x |
| 4 | Lojas Renner S.A. (LREN3.SA) | 9/10 | 6.3x |
| 5 | Moshi Moshi Retail Corporation Public Company Limited (MOSHI.BK) | 8/10 | 12.7x |
| 6 | Kintetsu Department Store Co., Ltd. (8244.T) | 8/10 | 7.0x |
| 7 | World Co., Ltd. (3612.T) | 8/10 | 4.0x |
| 8 | Sok Marketler Ticaret A.S. (SOKM.IS) | 7/10 | 2.0x |
| 9 | Shoprite Holdings Ltd (SHP.JO) | 7/10 | 19.5x |
| 10 | Parkson Retail Asia Limited (O9E.SI) | 7/10 | 1.0x |
| 11 | PT Daya Intiguna Yasa Tbk (MDIY.JK) | 7/10 | 41.7x |
| 12 | PT. Mitra Adiperkasa Tbk (MAPI.JK) | 7/10 | 5.8x |
| 13 | PT DFI Retail Nusantara Tbk (HERO.JK) | 7/10 | 2.9x |
| 14 | Boxer Retail Limited (BOX.JO) | 7/10 | 27.8x |
| 15 | Aeon Co., Ltd. (8267.T) | 7/10 | 2.7x |
| 16 | Ryohin Keikaku Co., Ltd. (7453.T) | 7/10 | 77.2x |
| 17 | Yinchuan Xinhua Commercial (Group) Co., Ltd. (600785.SS) | 7/10 | 4.4x |
| 18 | Lanzhou Lishang Guochao Industrial Group Co.,Ltd (600738.SS) | 7/10 | 14.3x |
| 19 | Chongqing Chongbai Technology Group Co., Ltd. (600729.SS) | 7/10 | 4.9x |
| 20 | SAN-A CO.,LTD. (2659.T) | 7/10 | 7.3x |
| 21 | Ccoop Group Co., Ltd (000564.SZ) | 7/10 | n.d. |
| 22 | The Foschini Group Limited (TFGP.JO) | 6/10 | 0.1x |
| 23 | The Foschini Group Limited (TFG.JO) | 6/10 | 3.7x |
| 24 | Patel Retail Limited (PATELRMART.NS) | 6/10 | n.d. |
| 25 | Marks and Spencer Group plc (MKS.L) | 6/10 | 14.9x |
| 26 | PT MDS Retailing Tbk (LPPF.JK) | 6/10 | 1.3x |
| 27 | Dillard's Inc (DDS) | 6/10 | 12.3x |
| 28 | Central Retail Corporation Public Company Limited (CRC.BK) | 6/10 | 8.0x |
| 29 | Bizim Toptan Satis Magazalari A.S. (BIZIM.IS) | 6/10 | 1.2x |
| 30 | ARCS Company Limited (9948.T) | 6/10 | 10.0x |
| 31 | Tokyu Corporation (9005.T) | 6/10 | 7.1x |
| 32 | Izumi Co., Ltd. (8273.T) | 6/10 | 4.5x |
| 33 | Jiangxi Guoguang Commercial Chains Co., Ltd. (605188.SS) | 6/10 | 62.7x |
| 34 | Xinjiang Winka Times Department Store Co.,Ltd. (603101.SS) | 6/10 | n.d. |
| 35 | Hangzhou Jiebai Group Co., Limited (600814.SS) | 6/10 | 7.2x |
| 36 | Xinjiang Youhao(Group)Co.,Ltd (600778.SS) | 6/10 | 15.8x |
| 37 | Dashang Co., Ltd. (600694.SS) | 6/10 | 14.7x |
| 38 | Shanghai New World Co., Ltd (600628.SS) | 6/10 | 411.8x |
| 39 | Zhongmin Baihui Retail Group Ltd. (5SR.SI) | 6/10 | 3.2x |
| 40 | Isetan Mitsukoshi Holdings Ltd. (3099.T) | 6/10 | 19.9x |
| 41 | Tonlin Department Store Co.,Ltd. (2910.TW) | 6/10 | 23.7x |
| 42 | Shin Shin Co Ltd. (2901.TW) | 6/10 | 41.0x |
| 43 | Hyundai Department Store Co. Ltd. (069960.KS) | 6/10 | 5.3x |
| 44 | Savezone I&C Corporation (067830.KS) | 6/10 | 8.1x |
| 45 | Chengdu Hongqi Chain Co.,Ltd. (002697.SZ) | 6/10 | 5.6x |
| 46 | New Huadu Technology Co., Ltd. (002264.SZ) | 6/10 | 10.3x |
| 47 | Zhongxing Shenyang Commercial Building Group Co.,Ltd (000715.SZ) | 6/10 | 27.5x |
| 48 | Dalian Friendship (Group) Co., Ltd. (000679.SZ) | 6/10 | n.d. |
| 49 | Xenitra Limited (XEN.AX) | 5/10 | n.d. |
| 50 | Woolworths Holdings Limited (WHL.JO) | 5/10 | 13.0x |
| 51 | Spencer's Retail Limited (SPENCERS.NS) | 5/10 | n.d. |
| 52 | Shoppers Stop Limited (SHOPERSTOP.NS) | 5/10 | 6.5x |
| 53 | Polibeli Group Ltd (PLBL) | 5/10 | n.d. |
| 54 | Macy's Inc (M) | 5/10 | 4.5x |
| 55 | Kohls Corp (KSS) | 5/10 | 2.1x |
| 56 | LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG (ECK.DE) | 5/10 | 12.5x |
| 57 | Fuji Co., Ltd. (8278.T) | 5/10 | 8.6x |
| 58 | Okuwa Co., Ltd. (8217.T) | 5/10 | 4.3x |
| 59 | Sun Art Retail Group Limited (6808.HK) | 5/10 | 13.8x |
| 60 | Jiajiayue Group Co., Ltd. (603708.SS) | 5/10 | 5.4x |