CVR Energy Inc (CVI) is overvalued and PBF Energy Inc (PBF) is undervalued.
Against our estimates of intrinsic value, PBF trades at the wider discount: a margin of safety of +49%, against -21% for CVI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $42.93; the price of $52.13 is 21% above that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $140.37; the price of $71.44 is 49% below that value, and 81% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | CVI | PBF |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $52.13 | $71.44 |
| Intrinsic value | $42.93 | $140.37 |
| Margin of safety | -21% | +49% |
| Leak Score | 0/100 (3/12) | 100/100 (3/12) |
| Market cap | $5.2B | $8.5B |
| Revenue growth, 5 years | 12.8% | 14.2% |
| Operating margin | 6.8% | 3.2% |
| Net margin | 0.8% | 3.9% |
| Return on equity | 13.9% | 23.6% |
| Debt to equity | 3.43 | 0.39 |
| P/E | 75.9x | 6.3x |
| Forward P/E | 19.1x | 4.9x |
| P/B | 10.0x | 1.3x |
| Dividend yield | 0.7% | 1.5% |