Crocs Inc (CROX) is undervalued and Nike Inc (NKE) is overvalued.
Against our estimates of intrinsic value, CROX trades at the wider discount: a margin of safety of +59%, against -25% for NKE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $304.23; the price of $124.58 is 59% below that value, and 73% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $28.84; the price of $36.10 is 25% above that value, and 73% of that value comes from beyond year five.
Leak Score 63/100 on 9 of 12 signals
| Metric | CROX | NKE |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $124.58 | $36.10 |
| Intrinsic value | $304.23 | $28.84 |
| Margin of safety | +59% | -25% |
| Leak Score | 100/100 (3/12) | 63/100 (9/12) |
| Market cap | $6.0B | $53.6B |
| Revenue growth, 5 years | 23.9% | 0.8% |
| Operating margin | 20.8% | 8.8% |
| Net margin | 14.6% | 6.7% |
| Return on equity | 42.3% | 22.1% |
| Debt to equity | 1.22 | 0.74 |
| P/E | 10.8x | 17.2x |
| Forward P/E | 8.3x | 16.9x |
| P/B | 4.3x | 3.6x |
| Dividend yield | — | 4.5% |