| 1 | Sheng Siong Group Ltd (OV8.SI) | 9/10 | 22.4x |
| 2 | Migros Ticaret A.S. (MGROS.IS) | 9/10 | 5.6x |
| 3 | Ersan Alisveris Hizmetleri ve Gida Sanayi Ticaret A.S. (KIMMR.IS) | 9/10 | 2.2x |
| 4 | Kobe Bussan Co., Ltd. (3038.T) | 9/10 | 20.1x |
| 5 | Best Mart 360 Holdings Limited (2360.HK) | 9/10 | 3.7x |
| 6 | Zabka Group S.A. (ZAB.WA) | 8/10 | 13.6x |
| 7 | BIM Birlesik Magazalar A.S. (BIMAS.IS) | 8/10 | 23.2x |
| 8 | George Weston Limited (WN.TO) | 7/10 | 10.2x |
| 9 | Villars Holding S.A. (VILN.SW) | 7/10 | 5.9x |
| 10 | Thanapiriya Public Company Limited (TNP.BK) | 7/10 | 15.2x |
| 11 | Sonae, SGPS, S.A. (SON.LS) | 7/10 | 6.0x |
| 12 | Sprouts Farmers Market Inc (SFM) | 7/10 | 24.7x |
| 13 | The North West Company Inc. (NWC.TO) | 7/10 | 18.0x |
| 14 | Loblaw Companies Limited (L.TO) | 7/10 | 18.0x |
| 15 | DFI Retail Group Holdings Limited (D01.SI) | 7/10 | 4.8x |
| 16 | Axfood AB (publ) (AXFO.ST) | 7/10 | 12.0x |
| 17 | Yamazawa Co., Ltd. (9993.T) | 7/10 | 2.5x |
| 18 | Maxvalu Tokai Co.,Ltd. (8198.T) | 7/10 | 7.7x |
| 19 | Life Corporation (8194.T) | 7/10 | 3.4x |
| 20 | JM Holdings Co.,Ltd. (3539.T) | 7/10 | 11.0x |
| 21 | BGF Retail Co., Ltd. (282330.KS) | 7/10 | 4.9x |
| 22 | Halows Co.,Ltd. (2742.T) | 7/10 | 5.9x |
| 23 | Nofoth Food Products Company (2288.SR) | 7/10 | 13.2x |
| 24 | Yesway Inc (YSWY) | 6/10 | 12.6x |
| 25 | Village Super Market Inc (VLGEA) | 6/10 | 11.2x |
| 26 | Venhub Global Inc (VHUB) | 6/10 | 1.3x |
| 27 | Natural Grocers by Vitamin Cottage Inc (NGVC) | 6/10 | 47.4x |
| 28 | Metro Inc. (MRU.TO) | 6/10 | 17.3x |
| 29 | Dingdong (Cayman) Ltd (DDL) | 6/10 | 5.6x |
| 30 | CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. (CRFSA.IS) | 6/10 | 27.8x |
| 31 | Koninklijke Ahold Delhaize N.V. (AD.AS) | 6/10 | 6.8x |
| 32 | Axial Retailing Inc. (8255.T) | 6/10 | 9.1x |
| 33 | Ganso Co., Ltd. (603886.SS) | 6/10 | 10.2x |
| 34 | Toly Bread Co., Ltd. (603866.SS) | 6/10 | 16.4x |
| 35 | BinDawood Holding Company (4161.SR) | 6/10 | 9.7x |
| 36 | Clifford Modern Living Holdings Limited (3686.HK) | 6/10 | 4.9x |
| 37 | China Shun Ke Long Holdings Limited (0974.HK) | 6/10 | 4.1x |
| 38 | Convenience Retail Asia Limited (0831.HK) | 6/10 | 1.8x |
| 39 | Woolworths Group Limited (WOW.AX) | 5/10 | 19.7x |
| 40 | Tesco PLC (TSCO.L) | 5/10 | 14.9x |
| 41 | CP ALL Public Company Limited (TCPD.SI) | 5/10 | 8.9x |
| 42 | Ocado Group plc (OCDO.L) | 5/10 | n.d. |
| 43 | Maison Solutions Inc (MSS) | 5/10 | n.d. |
| 44 | Ingles Markets Inc (IMKTA) | 5/10 | 10.2x |
| 45 | HelloFresh SE (HFG.DE) | 5/10 | 1.9x |
| 46 | CP ALL Public Company Limited (CPALL.BK) | 5/10 | 8.8x |
| 47 | Colruyt Group N.V. (COLR.BR) | 5/10 | 16.9x |
| 48 | Coles Group Limited (COL.AX) | 5/10 | 17.1x |
| 49 | Choppies Enterprises Limited (CHP.JO) | 5/10 | 4.2x |
| 50 | Carrefour SA (CA.PA) | 5/10 | 4.7x |
| 51 | PT Sumber Alfaria Trijaya Tbk (AMRT.JK) | 5/10 | 20.1x |
| 52 | Belc CO., LTD. (9974.T) | 5/10 | n.d. |
| 53 | H2O Retailing Corporation (8242.T) | 5/10 | 14.6x |
| 54 | Retail Partners Co., Ltd. (8167.T) | 5/10 | 6.4x |
| 55 | G-7 Holdings Inc. (7508.T) | 5/10 | 22.7x |
| 56 | Sanjiang Shopping Club Co.,Ltd (601116.SS) | 5/10 | 216.7x |
| 57 | Ocean System Corporation (3096.T) | 5/10 | 13.6x |
| 58 | Simple Mart Retail Co., Ltd. (2945.TW) | 5/10 | 5.9x |
| 59 | President Chain Store Corporation (2912.TW) | 5/10 | 11.8x |
| 60 | Daikokutenbussan Co.,Ltd. (2791.T) | 5/10 | n.d. |