Bright Horizons Family Solutions Inc (BFAM) is slightly undervalued and Carriage Services Inc (CSV) is undervalued.
Against our estimates of intrinsic value, CSV trades at the wider discount: a margin of safety of +51%, against +9% for BFAM.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $71.70; the price of $64.96 is 9% below that value, and 78% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $64.65; the price of $31.86 is 51% below that value, and 75% of that value comes from beyond year five.
Leak Score 54/100 on 10 of 12 signals
| Metric | BFAM | CSV |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $64.96 | $31.86 |
| Intrinsic value | $71.70 | $64.65 |
| Margin of safety | +9% | +51% |
| Leak Score | 14/100 (3/12) | 54/100 (10/12) |
| Market cap | $3.2B | $506M |
| Revenue growth, 5 years | 14.1% | 4.9% |
| Operating margin | 10.9% | 23.4% |
| Net margin | 5.8% | 10.6% |
| Return on equity | 14.9% | 17.1% |
| Debt to equity | 2.18 | 1.97 |
| P/E | 20.6x | 11.4x |
| Forward P/E | 11.0x | 8.8x |
| P/B | 3.4x | 1.8x |
| Dividend yield | — | 1.4% |