DaVita Inc (DVA) is undervalued and Ensign Group Inc (ENSG) is overvalued.
Against our estimates of intrinsic value, DVA trades at the wider discount: a margin of safety of +35%, against -25% for ENSG.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.0% (average of 3 methods) values the shares at $284.80; the price of $183.72 is 35% below that value, and 83% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $141.03; the price of $176.32 is 25% above that value, and 80% of that value comes from beyond year five.
Leak Score 43/100 on 3 of 12 signals
| Metric | DVA | ENSG |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $183.72 | $176.32 |
| Intrinsic value | $284.80 | $141.03 |
| Margin of safety | +35% | -25% |
| Leak Score | 56/100 (2/12) | 43/100 (3/12) |
| Market cap | $11.7B | $10.3B |
| Revenue growth, 5 years | 3.4% | 16.5% |
| Operating margin | 14.9% | 8.8% |
| Net margin | 5.9% | 6.9% |
| Return on equity | 635.3% | 17.0% |
| Debt to equity | — | 0.92 |
| P/E | 15.5x | 27.6x |
| Forward P/E | 10.8x | 20.6x |
| P/B | — | 4.2x |
| Dividend yield | — | 0.1% |