Automatic Data Processing Inc (ADP) is undervalued and Uber Technologies Inc (UBER) is undervalued.
Against our estimates of intrinsic value, UBER trades at the wider discount: a margin of safety of +70%, against +44% for ADP.
Values as of the 22 Sept 2026 close.
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $484.32; the price of $269.64 is 44% below that value.
Leak Score 95/100 on 9 of 12 signals
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $236.26; the price of $69.89 is 70% below that value.
Leak Score 75/100 on 10 of 12 signals
| Metric | ADP | UBER |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $269.64 | $69.89 |
| Intrinsic value | $484.32 | $236.26 |
| Margin of safety | +44% | +70% |
| Leak Score | 95/100 (9/12) | 75/100 (10/12) |
| Market cap | $107.1B | $142.8B |
| Revenue growth, 5 years | 7.9% | 36.1% |
| Operating margin | 26.4% | 13.3% |
| Net margin | 20.1% | 17.3% |
| Return on equity | 72.2% | 38.4% |
| Debt to equity | 0.91 | 0.54 |
| P/E | 24.6x | 15.4x |
| Forward P/E | 20.1x | 15.8x |
| P/B | 17.8x | 5.2x |
| Dividend yield | 2.6% | — |