After years of being overshadowed by their FTSE 100 counterparts, FTSE 250 shares are beginning to look fascinating once more. As rates of interest start to fall and the financial outlook step by step improves, traders are starting to reappraise the UK’s mid-cap index.

The FTSE 250’s residence to many firms with robust fundamentals and room to develop, however whose share costs stay nicely beneath pre-pandemic highs. For long-term traders, this may very well be a uncommon alternative to choose up high quality companies at a reduction.

Listed below are two FTSE 250 shares I feel are price a more in-depth look.

An undervalued earnings inventory with area of interest attraction

OSB Group‘s (LSE: OSB) a specialist lender centered on buy-to-let and residential mortgages, in addition to growth finance. Whereas most excessive avenue banks serve the mass market, OSB targets underserved segments with bespoke lending options. This offers it an edge by way of pricing and buyer loyalty, but it surely additionally invitations competitors from larger banks with deeper pockets.

On the time of writing, the inventory trades on a price-to-earnings (P/E) ratio of simply 6.59, making it look severely undervalued in comparison with lots of its friends. On high of that, it gives a beneficiant dividend yield of 6.73%, which is well-covered by earnings and supported by a powerful steadiness sheet.

The financial institution has persistently delivered strong earnings and maintained a wholesome mortgage e-book. That mentioned, rate of interest volatility and adjustments in property demand may have an effect on margins. Competitors within the mortgage house can also be fierce, and any misstep may threaten its earnings.

Nonetheless, for these in search of a mixture of worth, earnings, and area of interest publicity, this FTSE 250 inventory seems to be promising. I’ve held shares within the financial institution for a while now and nonetheless suppose it’s a high inventory to think about in 2025.

The comeback king of the excessive avenue

Currys (LSE: CURY) isn’t normally the primary title traders consider on the subject of progress. But over the previous yr, the patron electronics retailer has seen its market-cap surge 58.4%. It’s quietly combating again towards e-commerce rivals and appears to be profitable extra battles than anticipated.

Regardless of continued strain on the normal retail sector, Currys has trimmed prices, improved margins and centered on customer support. Its omnichannel mannequin, combining bodily shops with a powerful on-line presence, permits it to compete on comfort in addition to price. Crucially, it’s doing this whereas sustaining progress, as proven by its astonishingly low P/E progress (PEG) ratio of simply 0.02. This implies the market hasn’t but priced in its earnings potential.

Nonetheless, the trail forward isn’t with out threat. Client confidence stays fragile and competitors from Amazon and different on-line retailers is relentless. A misstep on pricing, logistics or tech may eat into margins.

Nonetheless, if Currys continues to execute nicely, there appears to be a number of room for much more progress. I’m glad I purchased some shares a couple of months again and I feel traders can be smart to think about doing the identical right this moment.

Locking in future worth

The FTSE 250 has lengthy been a fertile searching floor for traders keen to look past the large names. Each OSB Group and Currys have loved robust price efficiency recently however nonetheless look undervalued.

Whereas dangers stay, the reward potential seems to be more and more engaging – particularly for these ready to take a position forward of the curve.