Equifax Inc (EFX) is overvalued and ICF International Inc (ICFI) is undervalued.
Against our estimates of intrinsic value, ICFI trades at the wider discount: a margin of safety of +31%, against -27% for EFX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.7% (average of 3 methods) values the shares at $125.77; the price of $159.78 is 27% above that value, and 74% of that value comes from beyond year five.
Leak Score 50/100 on 10 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $121.43; the price of $83.58 is 31% below that value, and 80% of that value comes from beyond year five.
Leak Score 73/100 on 10 of 12 signals
| Metric | EFX | ICFI |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $159.78 | $83.58 |
| Intrinsic value | $125.77 | $121.43 |
| Margin of safety | -27% | +31% |
| Leak Score | 50/100 (10/12) | 73/100 (10/12) |
| Market cap | $18.8B | $1.5B |
| Revenue growth, 5 years | 8.0% | 4.4% |
| Operating margin | 18.5% | 8.1% |
| Net margin | 10.7% | 4.9% |
| Return on equity | 14.6% | 8.6% |
| Debt to equity | 1.25 | 0.54 |
| P/E | 28.1x | 17.3x |
| Forward P/E | 15.7x | 10.8x |
| P/B | 4.3x | 1.4x |
| Dividend yield | 1.4% | 0.7% |