Brilliant Earth Group Inc (BRLT) is undervalued and Tapestry Inc (TPR) is fairly valued.
Against our estimates of intrinsic value, BRLT trades at the wider discount: a margin of safety of +62%, against -2% for TPR.
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 10.9% (average of 3 methods) values the shares at $110.92; the price of $112.59 is 2% above that value, and 70% of that value comes from beyond year five.
Leak Score 67/100 on 10 of 12 signals
| Metric | BRLT | TPR |
|---|---|---|
| Verdict | Undervalued | Fairly valued |
| Price | $1.41 | $112.59 |
| Intrinsic value | $3.71 | $110.92 |
| Margin of safety | +62% | -2% |
| Leak Score | 56/100 (2/12) | 67/100 (10/12) |
| Market cap | $144M | $22.4B |
| Revenue growth, 5 years | 11.7% | 6.8% |
| Operating margin | -2.0% | 24.0% |
| Net margin | -1.0% | 19.1% |
| Return on equity | -32.8% | 197.1% |
| Debt to equity | 3.45 | 5.71 |
| P/E | — | 15.5x |
| Forward P/E | 13.8x | 12.6x |
| P/B | 2.0x | 32.6x |
| Dividend yield | — | 1.6% |