Dicks Sporting Goods Inc (DKS) is slightly undervalued and Tractor Supply Co (TSCO) is fairly valued.
Against our estimates of intrinsic value, DKS trades at the wider discount: a margin of safety of +19%, against -1% for TSCO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $164.60; the price of $133.94 is 19% below that value, and 79% of that value comes from beyond year five.
Leak Score 35/100 on 3 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $32.48; the price of $32.84 is 1% above that value, and 79% of that value comes from beyond year five.
Leak Score 55/100 on 10 of 12 signals
| Metric | DKS | TSCO |
|---|---|---|
| Verdict | Slightly undervalued | Fairly valued |
| Price | $133.94 | $32.84 |
| Intrinsic value | $164.60 | $32.48 |
| Margin of safety | +19% | -1% |
| Leak Score | 35/100 (3/12) | 55/100 (10/12) |
| Market cap | $11.9B | $17.1B |
| Revenue growth, 5 years | 12.4% | 7.9% |
| Operating margin | 6.4% | 8.9% |
| Net margin | 4.0% | 6.4% |
| Return on equity | 18.5% | 39.5% |
| Debt to equity | 1.39 | 2.49 |
| P/E | 14.4x | 17.1x |
| Forward P/E | 10.1x | 16.1x |
| P/B | 2.1x | 6.5x |
| Dividend yield | 3.7% | 3.0% |