Advanced Micro Devices Inc (AMD) is overvalued and Broadcom Inc (AVGO) is overvalued.
Both trade above our estimate of their intrinsic value. AVGO is the closer of the two: -63%, against -136% for AMD.
Values as of the 22 Sept 2026 close.
A 10.4x revenue multiple, adjusted for growth and margin, values the shares at $264.56; the price of $623.77 is 136% above that value.
Leak Score 48/100 on 10 of 12 signals
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $223.35; the price of $364.54 is 63% above that value.
Leak Score 68/100 on 10 of 12 signals
| Metric | AMD | AVGO |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $623.77 | $364.54 |
| Intrinsic value | $264.56 | $223.35 |
| Margin of safety | -136% | -63% |
| Leak Score | 48/100 (10/12) | 68/100 (10/12) |
| Market cap | $1.02T | $1.74T |
| Revenue growth, 5 years | 28.8% | 21.7% |
| Operating margin | 15.7% | 48.6% |
| Net margin | 15.6% | 42.9% |
| Return on equity | 10.2% | 44.3% |
| Debt to equity | 0.06 | 0.60 |
| P/E | 160.1x | 46.5x |
| Forward P/E | 39.3x | 18.9x |
| P/B | 15.1x | 17.5x |
| Dividend yield | — | 0.7% |