Carriage Services Inc (CSV) is undervalued and Service Corp International (SCI) is overvalued.
Against our estimates of intrinsic value, CSV trades at the wider discount: a margin of safety of +51%, against -24% for SCI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $64.65; the price of $31.86 is 51% below that value, and 75% of that value comes from beyond year five.
Leak Score 54/100 on 10 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $63.03; the price of $78.11 is 24% above that value, and 79% of that value comes from beyond year five.
Leak Score 30/100 on 3 of 12 signals
| Metric | CSV | SCI |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $31.86 | $78.11 |
| Intrinsic value | $64.65 | $63.03 |
| Margin of safety | +51% | -24% |
| Leak Score | 54/100 (10/12) | 30/100 (3/12) |
| Market cap | $506M | $10.6B |
| Revenue growth, 5 years | 4.9% | 4.2% |
| Operating margin | 23.4% | 22.4% |
| Net margin | 10.6% | 12.3% |
| Return on equity | 17.1% | 34.7% |
| Debt to equity | 1.97 | 3.45 |
| P/E | 11.4x | 20.4x |
| Forward P/E | 8.8x | 17.0x |
| P/B | 1.8x | 6.9x |
| Dividend yield | 1.4% | 1.8% |