Fastenal Co (FAST) is overvalued and QXO Inc (QXO) is fairly valued.
Against our estimates of intrinsic value, QXO trades at the wider discount: a margin of safety of +3%, against -126% for FAST.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $22.17; the price of $50.08 is 126% above that value, and 76% of that value comes from beyond year five.
Leak Score 64/100 on 10 of 12 signals
A 1.8x revenue multiple, discounted for its losses, values the shares at $13.14; the price of $12.78 is 3% below that value.
Leak Score 0/100 on 2 of 12 signals
| Metric | FAST | QXO |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $50.08 | $12.78 |
| Intrinsic value | $22.17 | $13.14 |
| Margin of safety | -126% | +3% |
| Leak Score | 64/100 (10/12) | 0/100 (2/12) |
| Market cap | $57.5B | $13.3B |
| Revenue growth, 5 years | 7.8% | 178.0% |
| Operating margin | 20.3% | -1.4% |
| Net margin | 15.4% | -6.6% |
| Return on equity | 34.3% | -4.6% |
| Debt to equity | 0.11 | 0.57 |
| P/E | 42.6x | — |
| Forward P/E | 35.6x | 19.7x |
| P/B | 14.1x | 1.0x |
| Dividend yield | 2.0% | 1.9% |