Constellation Energy Corp (CEG) is overvalued and Kenon Holdings Ltd (KEN) is slightly overvalued.
Both trade above our estimate of their intrinsic value. KEN is the closer of the two: -14%, against -56% for CEG.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 10.0% (average of 2 methods) values the shares at $169.05; the price of $263.19 is 56% above that value.
Leak Score 30/100 on 10 of 12 signals
Discounting its cash flows at 8.9% (average of 2 methods) values the shares at $54.50; the price of $62.13 is 14% above that value.
Leak Score 54/100 on 10 of 12 signals
| Metric | CEG | KEN |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $263.19 | $62.13 |
| Intrinsic value | $169.05 | $54.50 |
| Margin of safety | -56% | -14% |
| Leak Score | 30/100 (10/12) | 54/100 (10/12) |
| Market cap | $93.3B | $3.2B |
| Revenue growth, 5 years | 8.8% | 17.7% |
| Operating margin | 14.9% | 8.1% |
| Net margin | 11.3% | 10.1% |
| Return on equity | 15.3% | 8.2% |
| Debt to equity | 0.77 | 2.02 |
| P/E | 25.6x | 26.9x |
| Forward P/E | 19.8x | — |
| P/B | 2.9x | 2.1x |
| Dividend yield | 0.6% | 6.2% |