Colliers International Group Inc (CIGI) is undervalued and IHS Holding Ltd (IHS) is undervalued.
Against our estimates of intrinsic value, IHS trades at the wider discount: a margin of safety of +79%, against +38% for CIGI.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 9.1% (average of 3 methods) values the shares at $142.81; the price of $89.25 is 38% below that value, and 76% of that value comes from beyond year five.
Leak Score 51/100 on 12 of 12 signals
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $40.18; the price of $8.43 is 79% below that value, and 82% of that value comes from beyond year five.
Leak Score 88/100 on 9 of 12 signals
| Metric | CIGI | IHS |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $89.25 | $8.43 |
| Intrinsic value | $142.81 | $40.18 |
| Margin of safety | +38% | +79% |
| Leak Score | 51/100 (12/12) | 88/100 (9/12) |
| Market cap | $4.6B | $2.9B |
| Revenue growth, 5 years | 14.8% | 2.4% |
| Operating margin | 7.1% | 33.4% |
| Net margin | 1.8% | 9.2% |
| Return on equity | 7.4% | — |
| Debt to equity | 2.15 | — |
| P/E | 42.5x | 20.1x |
| Forward P/E | 10.7x | 10.0x |
| P/B | 3.0x | — |
| Dividend yield | 0.3% | 2.1% |