Apollo Global Management Inc (APO) is undervalued and Brookfield Corp (BN) is overvalued.
Against our estimates of intrinsic value, APO trades at the wider discount: a margin of safety of +36%, against -123% for BN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 11.0% (average of 3 methods) values the shares at $195.25; the price of $124.15 is 36% below that value, and 71% of that value comes from beyond year five.
Leak Score 59/100 on 5 of 12 signals
Discounting its cash flows at 6.5% (average of 2 methods) values the shares at $16.94; the price of $37.85 is 123% above that value, and 85% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | APO | BN |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $124.15 | $37.85 |
| Intrinsic value | $195.25 | $16.94 |
| Margin of safety | +36% | -123% |
| Leak Score | 59/100 (5/12) | 0/100 (3/12) |
| Market cap | $73.3B | $84.5B |
| Revenue growth, 5 years | 68.2% | 4.0% |
| Operating margin | 21.3% | 24.9% |
| Net margin | 4.6% | 1.6% |
| Return on equity | 8.6% | 3.1% |
| Debt to equity | 0.65 | 5.77 |
| P/E | 47.0x | 70.5x |
| Forward P/E | 11.6x | 11.2x |
| P/B | 3.6x | 2.0x |
| Dividend yield | 1.8% | 0.8% |