Crown Castle Inc (CCI) is overvalued and Lamar Advertising Co (LAMR) is overvalued.
Both trade above our estimate of their intrinsic value. CCI is the closer of the two: -37%, against -86% for LAMR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.6% (average of 3 methods) values the shares at $52.83; the price of $72.37 is 37% above that value, and 77% of that value comes from beyond year five.
Leak Score 47/100 on 8 of 12 signals
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $78.04; the price of $145.13 is 86% above that value, and 75% of that value comes from beyond year five.
Leak Score 22/100 on 2 of 12 signals
| Metric | CCI | LAMR |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $72.37 | $145.13 |
| Intrinsic value | $52.83 | $78.04 |
| Margin of safety | -37% | -86% |
| Leak Score | 47/100 (8/12) | 22/100 (2/12) |
| Market cap | $30.8B | $14.7B |
| Revenue growth, 5 years | -6.1% | 7.6% |
| Operating margin | 48.3% | 31.6% |
| Net margin | 47.6% | 23.9% |
| Return on equity | -276.4% | 58.9% |
| Debt to equity | — | 5.07 |
| P/E | 15.9x | 26.5x |
| Forward P/E | 25.7x | 23.0x |
| P/B | — | 15.0x |
| Dividend yield | 5.9% | 4.5% |