Callaway Golf Co (CALY) is fairly valued and Life Time Group Holdings Inc (LTH) is fairly valued.
Against our estimates of intrinsic value, LTH trades at the wider discount: a margin of safety of +3%, against -2% for CALY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.4% (average of 2 methods) values the shares at $14.52; the price of $14.81 is 2% above that value, and 74% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $39.20; the price of $38.19 is 3% below that value, and 76% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | CALY | LTH |
|---|---|---|
| Verdict | Fairly valued | Fairly valued |
| Price | $14.81 | $38.19 |
| Intrinsic value | $14.52 | $39.20 |
| Margin of safety | -2% | +3% |
| Leak Score | 0/100 (2/12) | 14/100 (3/12) |
| Market cap | $2.6B | $8.5B |
| Revenue growth, 5 years | 5.3% | 25.9% |
| Operating margin | 8.6% | 17.2% |
| Net margin | -9.0% | 13.0% |
| Return on equity | 3.0% | 13.4% |
| Debt to equity | 0.13 | 1.29 |
| P/E | — | 20.9x |
| Forward P/E | 16.5x | 20.9x |
| P/B | 1.2x | 2.6x |