Star players often dominate the narrative in the NBA, but it is important to acknowledge those who make significant contributions without the same star power. Identifying the most underrated players of the past five years involves a subjective evaluation, yet it aims to highlight those consistent contributors who may not possess traditional star credentials. To begin this analysis, specific criteria were established to create a comprehensive list of candidates eligible for recognition.

Royce O'Neale retains his position among the top underrated players from last year’s rankings. Although some might argue that consecutive top-five finishes in such assessments undermine his 'underrated' status, O'Neale exemplifies the ideal profile for this category. With a focus on low-usage wings who excel at shooting threes and playing solid defense, O'Neale has aligned with these standards effectively over the last half-decade. Since the 2020-21 season, O'Neale has made 724 three-pointers at a 38.8 percent shooting percentage, while maintaining a usage rate just above 12. Notably, he holds the lowest usage rate of any player achieving similar volume and efficiency, significantly highlighting his value to his team.

Isaiah Hartenstein's recent success with the Oklahoma City Thunder marks a notable transition for him, as signing a significant contract often draws attention away from players’ contributions. Although Hartenstein has shifted to a more well-recognized role, the implications of his contract and performance are substantial. The Thunder possess a team option on the final year of his deal, effectively making it a two-year agreement. Hartenstein has showcased versatility in his role, from setting impactful screens and rebounding to defensive prowess and playmaking. His metrics indicate he could have earned an All-Defense selection had his minutes been higher, placing him 10th in Value Over Replacement Player (VORP) among players averaging at least 20 minutes without an All-Star selection.

Josh Hart often faces scrutiny due to his inconsistencies, particularly regarding his shooting efficiency. While the weaknesses in his game are valid concerns, his relentless hustle contributes significantly to team success. Historically, teams he has played for have performed better with him on the floor, except for the previous season with the New York Knicks. His struggles were attributed to lineup mismatches and subpar teammate performances. Hart's ability to contribute through rebounding, pace setting, and versatile defense shapes team identity. Despite critiques of his shooting range, his 58.7 true shooting percentage remains above league average.

Derrick White's inclusion on this list, particularly at the No. 2 position, may surprise some, especially given recent All-NBA buzz around him. Nonetheless, the absence of actual selections reflects a perception challenge regarding his recognition. White's evolution from primarily a defensive player to a well-rounded contributor has witnessed improvements in his offensive skills. He has excelled in decision-making, three-point shooting, and playmaking without the assistance of star players to elevate his recognition. Since the 2020-21 season, he has led all non-All-Stars in VORP, showcasing his all-around impact.

Ivica Zubac garnered attention during the previous season, resulting in Most Improved Player and Defensive Player of the Year considerations. Before his breakout, Zubac's development was steady, involving enhancements to his footwork and positioning. This past season marked a culmination of his efforts, where both his role and statistical production surged. Zubac's defensive capabilities have consistently ranked him among the best in the league, and his importance to his team continues to grow. Notably, he ranks among a select group of players achieving impressive statistics in scoring, rebounding, and shot-blocking efficiency.