Baker Hughes Co (BKR) is slightly overvalued and TechnipFMC plc (FTI) is overvalued.
Both trade above our estimate of their intrinsic value. BKR is the closer of the two: -19%, against -24% for FTI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $48.25; the price of $57.26 is 19% above that value, and 73% of that value comes from beyond year five.
Leak Score 51/100 on 9 of 12 signals
Discounting its cash flows at 9.3% (average of 3 methods) values the shares at $57.15; the price of $70.82 is 24% above that value, and 75% of that value comes from beyond year five.
Leak Score 76/100 on 10 of 12 signals
| Metric | BKR | FTI |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $57.26 | $70.82 |
| Intrinsic value | $48.25 | $57.15 |
| Margin of safety | -19% | -24% |
| Leak Score | 51/100 (9/12) | 76/100 (10/12) |
| Market cap | $56.8B | $27.8B |
| Revenue growth, 5 years | 6.0% | 8.5% |
| Operating margin | 13.0% | 14.7% |
| Net margin | 11.2% | 11.4% |
| Return on equity | 16.5% | 36.0% |
| Debt to equity | 0.82 | 0.38 |
| P/E | 18.4x | 24.7x |
| Forward P/E | 18.9x | 19.6x |
| P/B | 2.9x | 8.5x |
| Dividend yield | 1.6% | 0.3% |