Pow R Toc H is a severely underrated instrumental. I'd actually prefer it Interstellar Overdrive

I guess underrated floyd song would have to be Jugland Blues. Very good, and very sad if you listen to the lyrics. A final farewell to the founding member of Floyd. I never got into the early Floyd so much as the later, but that song always stood out more than the others! No soundtrack BS, no psychedelia piece, simply a song. Very early conception of the later Floyds!

1.Fearless
2.Grantchester Meadows
3.Jugband Blues
4.Flaming
5.Corporal Clegg
6.Let There Be More Light
7.On The Turning Away
8.Wots...Uh The Deal
9. Baby Lemonade
10. Dominoes

I know the last two are solo Syd Barret songs, but he did have a number of Pink Floyd members helping him, especially David Gilmour, so I included them because I think they are fantastic songs.

Sheep. The last 2 minutes are amazing and I the way that the singing fades into the synth, and I love the parody of psalm 23.

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Green is The Colour, and Embryo...
They are two amazing songs.
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I live in Israel, and usually there is no Pink Floyd songs in the radio, but one time I heard If in the Radio...
I was excited because I've never heard Pink Floyd's song on the radio apart from WYWH, Time, Money, ABiTW 2.

sorry if my English is not perfect, im Just 16 years old. :)

I think "If" is underated probably because it's from an album that's not as loved as some are!

Fearless

Jugband Blues? I don't know if it's underrated, but it doesn't get a lot of attention.

Jugband Blues indeed.

And then there's the Fletcher Memorial Home ~ Southampton Dock ~ The Final Cut sequence.