I love investing in ASX shares when they're priced cheaply. There are a few names that really stick out to me as great bargain buy opportunities.
When we're able to invest with a great margin of safety, it means being able to capture assets that are significantly undervalued and it's more likely the investment can play out well.
The below two ASX shares are ones that look like they're among the best value. The management of these businesses also seem to think so because they've recently invested hundreds of thousands of dollars into buying shares of their own businesses on the market. I'm planning to invest in both names within the next week or so.
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GQG Partners Inc (ASX: GQG)
GQG is a higher-risk choice, partly because it's so exposed to the performance of share markets and partly because it's going through a bit of a rough patch currently. But, I also think it could come with higher potential rewards.
It's a funds management business that provides multiple investment strategies including US shares, global shares, global shares excluding the US, and emerging market shares.
GQG has taken a somewhat more conservative approach with its investment portfolios in recent times, which is a prudent move considering the frothy valuations in some areas of the market.
As the below chart shows, the GQG share price has dropped by over 40% in the last year, despite its funds under management (FUM) strength in the last few years and its long-term track record of delivering outperformance of various benchmarks. It looks like a bargain buy to me.
If it's able to stabilise the outflows soon enough, I think it could be significantly undervalued. The huge double-digit dividend yield can provide pleasing cash returns in the shorter term for investors. In the longer term, I think GQG's performance will recover.
Bailador Technology Investments Ltd (ASX: BTI)
This company provides investors with access to high-growth technology companies at attractive valuations. It's a private company investor with, typically, eight to 12 holdings.
Bailador's portfolio is growing at a very strong rate. Over the 12 months to 30 June 2025, and weighted to their size in the portfolio, the Bailador companies grew revenue by 47%. While there's no guarantee that the businesses will continue growing at that speed, it's clear the tech companies are performing well.
It's invested in a number of different businesses, including SiteMinder Ltd (ASX: SDR), DASH, Updoc, Access Telehealth, Expedition Software, Rosterfy, PropHero, MOSH, and Hapana. That gives the company exposure to software and tech across accommodation, wealth management, digital healthcare, travel and experiences, volunteer management, property investment, and fitness studio management.
The ASX share has a track record of selling its stakes in current and formerly owned companies at a premium to the book/carrying value every time.
The average premium for its cash realisations compared to the carrying value for private companies is 39%. Yet, at 30 September 2025, the share price was trading at a historically wide 30% discount to the post-tax net tangible assets (NTA). The Bailador share price is little-changed since the start of October and still looks like a bargain value buy to me.
As a bonus, the company currently has a grossed-up dividend yield of around 8%, including franking credits, so the underlying value can be unlocked through cash payments even if the discount doesn't fully close up.
