Despite many UK shares trading close to their all-time highs, I reckon there are still plenty of bargains to be found. In fact, despite rising 27% since July 2025, I've come across one that could still be massively undervalued. And if its latest results are anything to go by, the company appears to be good at what it does. Cavendish, a UK-based investment bank, reckons the full-year results will show EBITDA of $7.2m and adjusted earnings per share of 31.1p. If Cavendish's forecast is accurate, the stock's currently trading on 15 times forward earnings.