Commercial Metals Co (CMC) is slightly undervalued and Mueller Industries Inc (MLI) is undervalued.
Against our estimates of intrinsic value, MLI trades at the wider discount: a margin of safety of +21%, against +16% for CMC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.7% (average of 3 methods) values the shares at $77.55; the price of $65.00 is 16% below that value, and 74% of that value comes from beyond year five.
Leak Score 49/100 on 3 of 12 signals
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $76.07; the price of $59.90 is 21% below that value, and 72% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | CMC | MLI |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $65.00 | $59.90 |
| Intrinsic value | $77.55 | $76.07 |
| Margin of safety | +16% | +21% |
| Leak Score | 49/100 (3/12) | 100/100 (3/12) |
| Market cap | $7.2B | $13.2B |
| Revenue growth, 5 years | 7.3% | 11.8% |
| Operating margin | 9.1% | 21.3% |
| Net margin | 6.7% | 18.3% |
| Return on equity | 13.8% | 26.3% |
| Debt to equity | 0.80 | 0.01 |
| P/E | 12.3x | 15.6x |
| Forward P/E | 9.0x | 13.6x |
| P/B | 1.6x | 3.7x |
| Dividend yield | 1.2% | 1.1% |