Chunghwa Telecom ADR (CHT) is overvalued and Comcast Corp (CMCSA) is undervalued.
Against our estimates of intrinsic value, CMCSA trades at the wider discount: a margin of safety of +73%, against -74% for CHT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $26.47; the price of $46.11 is 74% above that value, and 81% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 5.9% (average of 3 methods) values the shares at $82.34; the price of $22.42 is 73% below that value, and 87% of that value comes from beyond year five.
Leak Score 68/100 on 9 of 12 signals
| Metric | CHT | CMCSA |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $46.11 | $22.42 |
| Intrinsic value | $26.47 | $82.34 |
| Margin of safety | -74% | +73% |
| Leak Score | 59/100 (3/12) | 68/100 (9/12) |
| Market cap | $35.8B | $79.6B |
| Revenue growth, 5 years | 1.4% | 3.6% |
| Operating margin | 20.4% | 14.8% |
| Net margin | 16.1% | 9.0% |
| Return on equity | 10.6% | 12.0% |
| Debt to equity | 0.10 | 1.01 |
| P/E | 28.2x | 7.3x |
| Forward P/E | 27.8x | 6.3x |
| P/B | 3.1x | 0.9x |
| Dividend yield | 3.6% | 5.9% |