Brilliant Earth Group Inc (BRLT) is undervalued and Envela Corp (ELA) is undervalued.
Against our estimates of intrinsic value, BRLT trades at the wider discount: a margin of safety of +62%, against +43% for ELA.
Values as of the 22 Sept 2026 close.
A 0.9x revenue multiple, discounted for its losses, values the shares at $3.71; the price of $1.41 is 62% below that value.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $22.49; the price of $12.84 is 43% below that value, and 82% of that value comes from beyond year five.
Leak Score 80/100 on 10 of 12 signals
| Metric | BRLT | ELA |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $1.41 | $12.84 |
| Intrinsic value | $3.71 | $22.49 |
| Margin of safety | +62% | +43% |
| Leak Score | 56/100 (2/12) | 80/100 (10/12) |
| Market cap | $144M | $333M |
| Revenue growth, 5 years | 11.7% | 16.2% |
| Operating margin | -2.0% | 9.6% |
| Net margin | -1.0% | 7.6% |
| Return on equity | -32.8% | 32.5% |
| Debt to equity | 3.45 | 0.24 |
| P/E | — | 14.9x |
| Forward P/E | 13.8x | 20.2x |
| P/B | 2.0x | 4.2x |