Burlington Stores Inc (BURL) is overvalued and Victoria's Secret & Co (VSXY) is overvalued.
Both trade above our estimate of their intrinsic value. BURL is the closer of the two: -40%, against -45% for VSXY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.9% (average of 3 methods) values the shares at $183.28; the price of $256.85 is 40% above that value, and 74% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 11.1% (average of 3 methods) values the shares at $57.96; the price of $83.82 is 45% above that value, and 69% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | BURL | VSXY |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $256.85 | $83.82 |
| Intrinsic value | $183.28 | $57.96 |
| Margin of safety | -40% | -45% |
| Leak Score | 14/100 (3/12) | 14/100 (3/12) |
| Market cap | $16.1B | $6.7B |
| Revenue growth, 5 years | 14.9% | 3.9% |
| Operating margin | 8.2% | 9.8% |
| Net margin | 5.8% | 5.5% |
| Return on equity | 41.4% | 45.2% |
| Debt to equity | 2.95 | 2.93 |
| P/E | 23.0x | 18.9x |
| Forward P/E | 18.8x | 14.9x |
| P/B | 8.1x | 6.8x |