Brady Corp (BRC) is fairly valued and NAPCO Security Technologies Inc (NSSC) is overvalued.
Against our estimates of intrinsic value, BRC trades at the wider discount: a margin of safety of +3%, against -53% for NSSC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $85.65; the price of $83.39 is 3% below that value, and 78% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 11.7% (average of 3 methods) values the shares at $23.41; the price of $35.88 is 53% above that value, and 68% of that value comes from beyond year five.
Leak Score 76/100 on 9 of 12 signals
| Metric | BRC | NSSC |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $83.39 | $35.88 |
| Intrinsic value | $85.65 | $23.41 |
| Margin of safety | +3% | -53% |
| Leak Score | 59/100 (3/12) | 76/100 (9/12) |
| Market cap | $3.9B | $1.3B |
| Revenue growth, 5 years | 7.7% | 12.2% |
| Operating margin | 15.8% | 30.5% |
| Net margin | 12.4% | 21.3% |
| Return on equity | 16.1% | 23.9% |
| Debt to equity | 0.06 | 0.03 |
| P/E | 19.4x | 29.9x |
| Forward P/E | 11.6x | 19.6x |
| P/B | 2.9x | 6.7x |
| Dividend yield | 1.2% | 1.7% |