C.H. Robinson Worldwide Inc (CHRW) is overvalued and ZTO Express (Cayman) Inc ADR (ZTO) is undervalued.
Against our estimates of intrinsic value, ZTO trades at the wider discount: a margin of safety of +60%, against -151% for CHRW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $59.55; the price of $149.56 is 151% above that value, and 74% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $49.12; the price of $19.84 is 60% below that value, and 78% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | CHRW | ZTO |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $149.56 | $19.84 |
| Intrinsic value | $59.55 | $49.12 |
| Margin of safety | -151% | +60% |
| Leak Score | 59/100 (3/12) | 100/100 (3/12) |
| Market cap | $17.5B | $10.9B |
| Revenue growth, 5 years | 0.0% | 13.3% |
| Operating margin | 4.9% | 20.2% |
| Net margin | 3.7% | 19.0% |
| Return on equity | 37.1% | 16.1% |
| Debt to equity | 1.21 | 0.35 |
| P/E | 28.5x | 10.8x |
| Forward P/E | 19.9x | 8.7x |
| P/B | 10.8x | 1.6x |
| Dividend yield | 1.7% | 4.1% |