Brilliant Earth Group Inc (BRLT) is undervalued and Signet Jewelers Ltd (SIG) is undervalued.
Against our estimates of intrinsic value, BRLT trades at the wider discount: a margin of safety of +62%, against +27% for SIG.
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 9.2% (average of 3 methods) values the shares at $137.56; the price of $100.42 is 27% below that value, and 75% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | BRLT | SIG |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $1.41 | $100.42 |
| Intrinsic value | $3.71 | $137.56 |
| Margin of safety | +62% | +27% |
| Leak Score | 56/100 (2/12) | 100/100 (3/12) |
| Market cap | $144M | $3.8B |
| Revenue growth, 5 years | 11.7% | 5.5% |
| Operating margin | -2.0% | 7.4% |
| Net margin | -1.0% | 5.2% |
| Return on equity | -32.8% | 19.9% |
| Debt to equity | 3.45 | 0.67 |
| P/E | — | 11.6x |
| Forward P/E | 13.8x | 7.3x |
| P/B | 2.0x | 2.1x |
| Dividend yield | — | 1.4% |