Apollo Global Management Inc (APO) is undervalued and KKR & Co Inc (KKR) is slightly undervalued.
Against our estimates of intrinsic value, APO trades at the wider discount: a margin of safety of +36%, against +10% for KKR.
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 10.2% values the shares at $109.07; the price of $98.44 is 10% below that value, and 74% of that value comes from beyond year five.
Leak Score 43/100 on 9 of 12 signals
| Metric | APO | KKR |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $124.15 | $98.44 |
| Intrinsic value | $195.25 | $109.07 |
| Margin of safety | +36% | +10% |
| Leak Score | 59/100 (5/12) | 43/100 (9/12) |
| Market cap | $73.3B | $88.4B |
| Revenue growth, 5 years | 68.2% | 35.4% |
| Operating margin | 21.3% | 23.5% |
| Net margin | 4.6% | 12.7% |
| Return on equity | 8.6% | 10.6% |
| Debt to equity | 0.65 | 1.78 |
| P/E | 47.0x | 31.4x |
| Forward P/E | 11.6x | 13.3x |
| P/B | 3.6x | 3.1x |
| Dividend yield | 1.8% | 0.8% |