Carpenter Technology Corp (CRS) is overvalued 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 -112% for CRS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.7% (average of 3 methods) values the shares at $188.36; the price of $400.02 is 112% above that value, and 71% of that value comes from beyond year five.
Leak Score 65/100 on 10 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 | CRS | MLI |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $400.02 | $59.90 |
| Intrinsic value | $188.36 | $76.07 |
| Margin of safety | -112% | +21% |
| Leak Score | 65/100 (10/12) | 100/100 (3/12) |
| Market cap | $19.8B | $13.2B |
| Revenue growth, 5 years | 16.2% | 11.8% |
| Operating margin | 22.5% | 21.3% |
| Net margin | 16.9% | 18.3% |
| Return on equity | 25.7% | 26.3% |
| Debt to equity | 0.33 | 0.01 |
| P/E | 38.0x | 15.6x |
| Forward P/E | 25.1x | 13.6x |
| P/B | 8.9x | 3.7x |
| Dividend yield | 0.2% | 1.1% |