Cameco Corp (CCJ) is overvalued and Centrus Energy Corp (LEU) is overvalued.
Both trade above our estimate of their intrinsic value. LEU is the closer of the two: -294%, against -773% for CCJ.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $10.84; the price of $94.59 is 773% above that value, and 72% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $40.08; the price of $157.83 is 294% above that value.
Leak Score 27/100 on 3 of 12 signals
| Metric | CCJ | LEU |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $94.59 | $157.83 |
| Intrinsic value | $10.84 | $40.08 |
| Margin of safety | -773% | -294% |
| Leak Score | 27/100 (3/12) | 27/100 (3/12) |
| Market cap | $41.2B | $3.2B |
| Revenue growth, 5 years | 13.2% | 12.7% |
| Operating margin | 14.0% | 1.6% |
| Net margin | 10.2% | 10.2% |
| Return on equity | 5.1% | 8.1% |
| Debt to equity | 0.14 | 1.39 |
| P/E | 160.8x | 72.0x |
| Forward P/E | 52.1x | 54.8x |
| P/B | 8.2x | 3.7x |
| Dividend yield | 0.2% | — |