Caesars Entertainment Inc (CZR) is undervalued and Vail Resorts Inc (MTN) is overvalued.
Against our estimates of intrinsic value, CZR trades at the wider discount: a margin of safety of +80%, against -30% for MTN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.8% (average of 2 methods) values the shares at $145.00; the price of $29.62 is 80% below that value, and 85% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $107.16; the price of $138.98 is 30% above that value, and 81% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | CZR | MTN |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $29.62 | $138.98 |
| Intrinsic value | $145.00 | $107.16 |
| Margin of safety | +80% | -30% |
| Leak Score | 56/100 (2/12) | 0/100 (2/12) |
| Market cap | $6.0B | $5.0B |
| Revenue growth, 5 years | 25.9% | 8.6% |
| Operating margin | 17.7% | 16.1% |
| Net margin | -4.0% | 5.4% |
| Return on equity | -12.8% | 21.0% |
| Debt to equity | 7.36 | 5.90 |
| P/E | — | 31.6x |
| Forward P/E | 132.3x | 22.7x |
| P/B | 1.8x | 9.0x |
| Dividend yield | — | 6.4% |