There is literally no barrier to just asking. If you believe you're undervalued but like working at your company/with your manager, just ask. If they're a decen

There is literally no barrier to just asking. If you believe you're undervalued but like working at your company/with your manager, just ask. If they're a decent manager they'll be straight with you about money and market. If the answer is "No, that's outside of our payment band for this market", you could go get an offer and then have them counter, or you could just leave, but there's generally no harm in just asking.