ESAB Corp (ESAB) is slightly overvalued and Worthington Enterprises Inc (WOR) is overvalued.
Both trade above our estimate of their intrinsic value. ESAB is the closer of the two: -13%, against -1185% for WOR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $60.32; the price of $68.44 is 13% above that value, and 78% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 10.5% (average of 2 methods) values the shares at $4.59; the price of $58.94 is 1185% above that value, and 68% of that value comes from beyond year five.
Leak Score 43/100 on 3 of 12 signals
| Metric | ESAB | WOR |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $68.44 | $58.94 |
| Intrinsic value | $60.32 | $4.59 |
| Margin of safety | -13% | -1185% |
| Leak Score | 14/100 (3/12) | 43/100 (3/12) |
| Market cap | $4.3B | $2.9B |
| Revenue growth, 5 years | 7.8% | -15.3% |
| Operating margin | 14.2% | 5.9% |
| Net margin | 5.7% | 11.3% |
| Return on equity | 8.6% | 15.9% |
| Debt to equity | 1.00 | 0.34 |
| P/E | 24.6x | 18.8x |
| Forward P/E | 10.7x | 14.4x |
| P/B | 1.8x | 2.8x |
| Dividend yield | 0.3% | 1.4% |