Agilent Technologies Inc (A) is overvalued and Illumina Inc (ILMN) is overvalued.
Both trade above our estimate of their intrinsic value. A is the closer of the two: -105%, against -290% for ILMN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $81.41; the price of $167.26 is 105% above that value, and 71% of that value comes from beyond year five.
Leak Score 55/100 on 10 of 12 signals
Discounting its cash flows at 11.4% (average of 3 methods) values the shares at $63.42; the price of $247.46 is 290% above that value, and 68% of that value comes from beyond year five.
Leak Score 62/100 on 10 of 12 signals
| Metric | A | ILMN |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $167.26 | $247.46 |
| Intrinsic value | $81.41 | $63.42 |
| Margin of safety | -105% | -290% |
| Leak Score | 55/100 (10/12) | 62/100 (10/12) |
| Market cap | $47.2B | $37.4B |
| Revenue growth, 5 years | 5.4% | 6.0% |
| Operating margin | 24.1% | 19.9% |
| Net margin | 19.5% | 18.4% |
| Return on equity | 21.0% | 32.4% |
| Debt to equity | 0.54 | 0.89 |
| P/E | 32.9x | 46.1x |
| Forward P/E | 24.8x | 40.7x |
| P/B | 6.4x | 13.2x |
| Dividend yield | 0.6% | — |