Arm Holdings Plc ADR (ARM) is overvalued and Intel Corp (INTC) is overvalued.
Both trade above our estimate of their intrinsic value. ARM is the closer of the two: -630%, against -1189% for INTC.
Values as of the 22 Sept 2026 close.
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $45.67; the price of $333.20 is 630% above that value.
Leak Score 43/100 on 3 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 | ARM | INTC |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $333.20 | $123.86 |
| Intrinsic value | $45.67 | $9.61 |
| Margin of safety | -630% | -1189% |
| Leak Score | 43/100 (3/12) | 28/100 (8/12) |
| Market cap | $355.9B | $654.7B |
| Revenue growth, 5 years | 19.4% | -7.5% |
| Operating margin | 17.3% | 8.0% |
| Net margin | 20.3% | -19.8% |
| Return on equity | 13.4% | -12.2% |
| Debt to equity | 0.06 | 0.58 |
| P/E | 341.8x | — |
| Forward P/E | 108.7x | 58.2x |
| P/B | 41.2x | 7.1x |
| Dividend yield | — | 0.0% |