Celanese Corp (CE) is overvalued and Dow Inc (DOW) is fairly valued.
Against our estimates of intrinsic value, DOW trades at the wider discount: a margin of safety of +2%, against -31% for CE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.4% (average of 2 methods) values the shares at $36.30; the price of $47.44 is 31% above that value, and 86% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 6.6% (average of 2 methods) values the shares at $28.70; the price of $28.20 is 2% below that value, and 84% of that value comes from beyond year five.
Leak Score 21/100 on 7 of 12 signals
| Metric | CE | DOW |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $47.44 | $28.20 |
| Intrinsic value | $36.30 | $28.70 |
| Margin of safety | -31% | +2% |
| Leak Score | 0/100 (2/12) | 21/100 (7/12) |
| Market cap | $5.2B | $20.4B |
| Revenue growth, 5 years | 11.0% | 0.7% |
| Operating margin | 8.7% | 3.6% |
| Net margin | -12.0% | -3.2% |
| Return on equity | -24.6% | -7.9% |
| Debt to equity | 2.98 | 1.22 |
| Forward P/E | 7.5x | 17.3x |
| P/B | 1.3x | 1.3x |
| Dividend yield | 0.3% | 4.9% |