Celsius Holdings Inc (CELH) is slightly overvalued and PepsiCo Inc (PEP) is slightly overvalued.
Both trade above our estimate of their intrinsic value. CELH is the closer of the two: -6%, against -13% for PEP.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $27.65; the price of $29.39 is 6% above that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $115.59; the price of $131.19 is 13% above that value, and 82% of that value comes from beyond year five.
Leak Score 68/100 on 10 of 12 signals
| Metric | CELH | PEP |
|---|---|---|
| Verdict | Slightly overvalued | Slightly overvalued |
| Price | $29.39 | $131.19 |
| Intrinsic value | $27.65 | $115.59 |
| Margin of safety | -6% | -13% |
| Leak Score | 0/100 (3/12) | 68/100 (10/12) |
| Market cap | $7.4B | $179.1B |
| Revenue growth, 5 years | 80.7% | 5.9% |
| Operating margin | 19.2% | 15.6% |
| Net margin | 2.0% | 10.8% |
| Return on equity | 7.5% | 51.6% |
| Debt to equity | 2.03 | 2.41 |
| P/E | 127.1x | 17.2x |
| Forward P/E | 16.9x | 14.6x |
| P/B | 6.2x | 8.1x |
| Dividend yield | — | 4.5% |