CNH Industrial NV (CNH) is overvalued and Terex Corp (TEX) is overvalued.
Both trade above our estimate of their intrinsic value. TEX is the closer of the two: -48%, 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 9.8% (average of 3 methods) values the shares at $39.69; the price of $58.79 is 48% above that value, and 74% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | CNH | TEX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $13.67 | $58.79 |
| Intrinsic value | $3.35 | $39.69 |
| Margin of safety | -308% | -48% |
| Leak Score | 0/100 (3/12) | 14/100 (3/12) |
| Market cap | $16.9B | $6.7B |
| Revenue growth, 5 years | -7.0% | 12.0% |
| Operating margin | 13.3% | 7.0% |
| Net margin | 1.7% | 2.2% |
| Return on equity | 4.0% | 4.2% |
| Debt to equity | 3.39 | 0.55 |
| P/E | 54.8x | 30.5x |
| Forward P/E | 20.7x | 9.8x |
| P/B | 2.2x | 1.4x |
| Dividend yield | 1.1% | 1.1% |