4 Oversold ASX Shares to Buy for Long-Term Gains

The following four oversold ASX shares represent attractive opportunities for future gains as short-term price weakness has created compelling entry points.

Oversold ASX Shares

Amcor plc (ASX: AMC) 

Xero Limited (ASX: XRO) 

Harvey Norman Holdings Limited (ASX: HVN)

Super Retail Group Limited (ASX: SUL)

Amcor plc (ASX: AMC) 

has a current market capitalisation of $25 billion and has become more attractive among the best oversold ASX shares to buy as the stock has fallen almost 28% over the past 12 months despite good fundamentals.

Recent developments were significant because the transformational Berry Global merger has created a packaging giant that now operates more than 400 facilities across over 40 countries with around US$23 billion in annualised sales.

The global packaging leader in the first half of FY26 delivered solid growth as net sales rose to US$11.19 billion from US$6.59 billion in the prior corresponding period while net income attributable to shareholders increased to US$439 million from US$354 million last year.

Passive Income investors will also benefit from the current annual yield of 2.81% while cash generation improved as operating cash flow increased to US$370 million compared with US$159 million a year earlier.

Xero Limited (ASX: XRO) 

has a current market capitalisation of $13.5 billion and stands out as one of the best oversold ASX shares to buy because the stock undeservingly is down 50% over the past 12 months.

The company in H1 FY26 reported operating revenue of NZ$1,194 million which rose 20% year-on-year while adjusted EBITDA reached NZ$350.9 million and free cash flow was NZ$321 million.
This performance was supported by 4.59 million subscribers worldwide while churn stayed near 1% on a monthly recurring revenue basis which is very impressive.

A major competitive advantage is its high switching costs while management also highlighted a large and expanding total addressable market and expects AI to expand the SaaS market opportunity over time which should drive future growth.

Harvey Norman Holdings Limited (ASX: HVN)

has a current market capitalisation of $5.56 billion and now looks more attractive among the best oversold ASX shares to buy because the stock is down 35% year-to-date while current annual yield is 6.5%.

The retailer in 1H26 delivered an impressive result with total system sales revenue up 6.9% to $5.16 billion while profit before tax rose 16.5% to $466.31 million and profit after tax increased 15.2% to $321.91 million compared with the prior corresponding period.

Another key strength is Harvey Norman’s asset-backed model which saw net assets grow to $4.95 billion while total assets reached $8.77 billion and the net debt-to-equity ratio stayed at a conservative 13.02%.

Shareholders also received a fully franked interim dividend of 14.5 cents per share which was up 20.8% from 12 cents last year.

Super Retail Group Limited (ASX: SUL)

owns Supercheap Auto, rebel, BCF and Macpac and is one of the best oversold ASX shares to buy with a market capitalisation of $2.71 billion while the stock is down 25% year-to-date.

The group in FY26 half-year reported a resilient result as total sales rose 4.2% to $2.19 billion while like-for-like sales increased 2.5% which shows strong consumer demand despite a competitive retail environment.

Normalised NPAT fell 6.8% to $121.9 million because of project costs linked to the new Victorian distribution centre and payroll systems yet the business still held a strong $107.8 million net cash position.

The stock offers an attractive fully franked 8% annual yield while recent progress is encouraging because the new automated national distribution centre is now operational, 16 stores were opened in the half and another 12 stores are targeted in the second half.

(Source: Company Reports)