Barrett Business Services Inc (BBSI) is fairly valued and Korn Ferry (KFY) is undervalued.
Against our estimates of intrinsic value, KFY trades at the wider discount: a margin of safety of +29%, against +4% for BBSI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $34.76; the price of $33.26 is 4% below that value, and 74% of that value comes from beyond year five.
Leak Score 55/100 on 9 of 12 signals
Discounting its cash flows at 10.2% (average of 3 methods) values the shares at $106.60; the price of $75.86 is 29% below that value, and 72% of that value comes from beyond year five.
Leak Score 84/100 on 3 of 12 signals
| Metric | BBSI | KFY |
|---|---|---|
| Verdict | Fairly valued | Undervalued |
| Price | $33.26 | $75.86 |
| Intrinsic value | $34.76 | $106.60 |
| Margin of safety | +4% | +29% |
| Leak Score | 55/100 (9/12) | 84/100 (3/12) |
| Market cap | $806M | $4.1B |
| Revenue growth, 5 years | 7.1% | 10.1% |
| Operating margin | 4.1% | 13.4% |
| Net margin | 2.8% | 9.2% |
| Return on equity | 16.3% | 14.2% |
| Debt to equity | 0.12 | 0.30 |
| P/E | 24.6x | 14.3x |
| Forward P/E | 16.6x | 11.9x |
| P/B | 3.9x | 1.9x |
| Dividend yield | 1.0% | 2.9% |