Advanced Micro Devices Inc (AMD) is overvalued and Intel Corp (INTC) is overvalued.
Both trade above our estimate of their intrinsic value. AMD is the closer of the two: -136%, against -1189% for INTC.
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
Its through-the-cycle earnings (23.1% median margin), capitalised at 13.9% with no growth, values the shares at $9.61; the price of $123.86 is 1189% above that value.
Leak Score 28/100 on 8 of 12 signals
| Metric | AMD | INTC |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $623.77 | $123.86 |
| Intrinsic value | $264.56 | $9.61 |
| Margin of safety | -136% | -1189% |
| Leak Score | 48/100 (10/12) | 28/100 (8/12) |
| Market cap | $1.02T | $654.7B |
| Revenue growth, 5 years | 28.8% | -7.5% |
| Operating margin | 15.7% | 8.0% |
| Net margin | 15.6% | -19.8% |
| Return on equity | 10.2% | -12.2% |
| Debt to equity | 0.06 | 0.58 |
| P/E | 160.1x | — |
| Forward P/E | 39.3x | 58.2x |
| P/B | 15.1x | 7.1x |
| Dividend yield | — | 0.0% |