Cadiz Inc vs Energy Recovery Inc

We do not publish a verdict for Cadiz Inc (CDZI) and Energy Recovery Inc (ERII) is overvalued.

We publish an intrinsic value for ERII but not for CDZI, so the two cannot be ranked on price.

Values as of the 22 Sept 2026 close.

Cadiz Inc (CDZI)

We do not publish a value for this company: not even its current assets cover what it owes.

Leak Score 47/100 on 7 of 12 signals

Energy Recovery Inc (ERII)

Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $4.38; the price of $7.12 is 62% above that value, and 73% of that value comes from beyond year five.

Leak Score 60/100 on 9 of 12 signals

MetricCDZIERII
VerdictNot valuedOvervalued
Price$3.69$7.12
Intrinsic value$4.38
Margin of safety-62%
Leak Score47/100 (7/12)60/100 (9/12)
Market cap$312M$363M
Revenue growth, 5 years97.6%2.6%
Operating margin-236.1%16.3%
Net margin-353.9%12.7%
Return on equity-183.1%8.6%
Debt to equity25.690.05
P/E25.2x
Forward P/E44.0x
P/B66.6x2.1x

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