Chefs' Warehouse Inc (CHEF) is overvalued and Sysco Corp (SYY) is fairly valued.
Both trade above our estimate of their intrinsic value. SYY is the closer of the two: -4%, against -114% for CHEF.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $50.69; the price of $108.36 is 114% above that value, and 73% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $75.42; the price of $78.67 is 4% above that value, and 80% of that value comes from beyond year five.
Leak Score 58/100 on 10 of 12 signals
| Metric | CHEF | SYY |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $108.36 | $78.67 |
| Intrinsic value | $50.69 | $75.42 |
| Margin of safety | -114% | -4% |
| Leak Score | 14/100 (3/12) | 58/100 (10/12) |
| Market cap | $4.4B | $38.7B |
| Revenue growth, 5 years | 30.1% | 10.5% |
| Operating margin | 4.1% | 4.2% |
| Net margin | 2.1% | 2.1% |
| Return on equity | 15.3% | 78.1% |
| Debt to equity | 1.46 | 5.61 |
| P/E | 51.5x | 21.5x |
| Forward P/E | 35.2x | 14.6x |
| P/B | 6.8x | 14.1x |
| Dividend yield | — | 2.8% |