With December now underway, investors looking for value on the ASX don't need to search far.
A number of high-quality Australian shares have pulled back sharply in 2025's market volatility, creating rare opportunities to buy strong businesses at much cheaper prices.
If you're hunting for standout shares under $50, two names in particular look attractively priced heading into the final weeks of the year. They are as follows:
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Woolworths Group Ltd (ASX: WOW)
Woolworths has long been considered one of the safest, most dependable companies on the ASX. Its dominant supermarket network, defensive earnings, and consistent cash generation have made it a staple in countless retirement and dividend portfolios.
Yet, despite its resilience, Woolworths shares have slid materially from their highs and now trade at $29.42.
Much of the weakness has stemmed from short-term concerns about market share pressure and value-conscious shoppers shifting toward discounted products during the cost-of-living squeeze.
But none of this changes Woolworths' long-term appeal. The company continues to hold a dominant market position, enjoys deep customer loyalty, and is steadily expanding its digital, online, and data-driven capabilities. Its non-cyclical business model means earnings remain remarkably stable through economic cycles, which is something few businesses can claim right now.
For investors seeking a high-quality, under-$50 stock with a strong history of consistent returns, Woolworths could be just the ticket.
Ord Minnett currently rates it as a buy with a $33.00 price target.
GQG Partners Inc (ASX: GQG)
Another Australian share that looks cheap is GQG Partners.
It is a fund manager specialising in global equities with a focus on high-quality companies.
However, its decision to sit out the AI trade on bubble fears means that its funds have been underperforming this year. This has led to a decline in funds under management and an even greater decline in its share price.
However, its shares are now looking seriously oversold. So much so, analysts think they offer major upside and 10%+ dividend yields in the near term. This could make them a top option for value investors in the current environment.
Macquarie remains bullish on the company and has an outperform rating and $2.50 price target on its shares. This suggests that upside of 40% is possible from its last close price of $1.79.
Overall, at these levels, GQG looks like a quality business trading well below its fair value, offering both income and capital growth potential.
