Cal-Maine Foods Inc (CALM) is undervalued and Dole plc (DOLE) is undervalued.
Against our estimates of intrinsic value, CALM trades at the wider discount: a margin of safety of +56%, against +48% for DOLE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $165.29; the price of $73.13 is 56% below that value, and 83% of that value comes from beyond year five.
Leak Score 100/100 on 2 of 12 signals
Discounting its cash flows at 6.9% (average of 2 methods) values the shares at $25.36; the price of $13.20 is 48% below that value.
Leak Score 54/100 on 3 of 12 signals
| Metric | CALM | DOLE |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $73.13 | $13.20 |
| Intrinsic value | $165.29 | $25.36 |
| Margin of safety | +56% | +48% |
| Leak Score | 100/100 (2/12) | 54/100 (3/12) |
| Market cap | $3.4B | $1.2B |
| Revenue growth, 5 years | 16.6% | 16.1% |
| Operating margin | 11.8% | 1.9% |
| Net margin | 10.9% | 0.8% |
| Return on equity | 12.2% | 5.2% |
| Debt to equity | 0.00 | 1.09 |
| P/E | 11.2x | 17.0x |
| Forward P/E | 24.8x | 8.8x |
| P/B | 1.3x | 0.9x |
| Dividend yield | 0.5% | 2.6% |