Brilliant Earth Group Inc (BRLT) is undervalued and Movado Group Inc (MOV) is slightly overvalued.
Against our estimates of intrinsic value, BRLT trades at the wider discount: a margin of safety of +62%, against -8% for MOV.
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 9.1% (average of 3 methods) values the shares at $30.89; the price of $33.28 is 8% above that value, and 75% of that value comes from beyond year five.
Leak Score 37/100 on 7 of 12 signals
| Metric | BRLT | MOV |
|---|---|---|
| Verdict | Undervalued | Slightly overvalued |
| Price | $1.41 | $33.28 |
| Intrinsic value | $3.71 | $30.89 |
| Margin of safety | +62% | -8% |
| Leak Score | 56/100 (2/12) | 37/100 (7/12) |
| Market cap | $144M | $531M |
| Revenue growth, 5 years | 11.7% | 5.5% |
| Operating margin | -2.0% | 7.1% |
| Net margin | -1.0% | 6.0% |
| Return on equity | -32.8% | 8.3% |
| Debt to equity | 3.45 | 0.13 |
| P/E | — | 18.4x |
| Forward P/E | 13.8x | 14.3x |
| P/B | 2.0x | 1.5x |
| Dividend yield | — | 4.5% |