Casey's General Stores Inc (CASY) is overvalued and Tractor Supply Co (TSCO) is fairly valued.
Both trade above our estimate of their intrinsic value. TSCO is the closer of the two: -1%, against -35% for CASY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $432.79; the price of $584.83 is 35% above that value, and 79% of that value comes from beyond year five.
Leak Score 76/100 on 9 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $32.48; the price of $32.84 is 1% above that value, and 79% of that value comes from beyond year five.
Leak Score 55/100 on 10 of 12 signals
| Metric | CASY | TSCO |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $584.83 | $32.84 |
| Intrinsic value | $432.79 | $32.48 |
| Margin of safety | -35% | -1% |
| Leak Score | 76/100 (9/12) | 55/100 (10/12) |
| Market cap | $21.6B | $17.1B |
| Revenue growth, 5 years | 18.1% | 7.9% |
| Operating margin | 5.9% | 8.9% |
| Net margin | 4.1% | 6.4% |
| Return on equity | 20.0% | 39.5% |
| Debt to equity | 0.71 | 2.49 |
| P/E | 28.2x | 17.1x |
| Forward P/E | 24.9x | 16.1x |
| P/B | 5.3x | 6.5x |
| Dividend yield | 0.5% | 3.0% |