CNH Industrial NV (CNH) is overvalued and Federal Signal Corp (FSS) is slightly overvalued.
Both trade above our estimate of their intrinsic value. FSS is the closer of the two: -16%, against -308% for CNH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $3.35; the price of $13.67 is 308% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $99.88; the price of $115.69 is 16% above that value, and 72% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | CNH | FSS |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $13.67 | $115.69 |
| Intrinsic value | $3.35 | $99.88 |
| Margin of safety | -308% | -16% |
| Leak Score | 0/100 (3/12) | 59/100 (3/12) |
| Market cap | $16.9B | $7.1B |
| Revenue growth, 5 years | -7.0% | 14.0% |
| Operating margin | 13.3% | 16.8% |
| Net margin | 1.7% | 11.7% |
| Return on equity | 4.0% | 20.6% |
| Debt to equity | 3.39 | 0.32 |
| P/E | 54.8x | 24.9x |
| Forward P/E | 20.7x | 20.0x |
| P/B | 2.2x | 4.7x |
| Dividend yield | 1.1% | 0.5% |