AGCO Corp (AGCO) is overvalued and Terex Corp (TEX) is overvalued.
Both trade above our estimate of their intrinsic value. AGCO is the closer of the two: -42%, against -48% for TEX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $85.17; the price of $120.65 is 42% above that value, and 76% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $39.69; the price of $58.79 is 48% above that value, and 74% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | AGCO | TEX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $120.65 | $58.79 |
| Intrinsic value | $85.17 | $39.69 |
| Margin of safety | -42% | -48% |
| Leak Score | 27/100 (3/12) | 14/100 (3/12) |
| Market cap | $8.4B | $6.7B |
| Revenue growth, 5 years | 2.0% | 12.0% |
| Operating margin | 6.6% | 7.0% |
| Net margin | 5.2% | 2.2% |
| Return on equity | 12.9% | 4.2% |
| Debt to equity | 0.70 | 0.55 |
| P/E | 16.7x | 30.5x |
| Forward P/E | 16.5x | 9.8x |
| P/B | 2.1x | 1.4x |
| Dividend yield | 1.0% | 1.1% |