Fabrinet (FN) is undervalued and TE Connectivity plc (TEL) is undervalued.
Against our estimates of intrinsic value, FN trades at the wider discount: a margin of safety of +65%, against +63% for TEL.
Values as of the 22 Sept 2026 close.
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $1164.03; the price of $403.80 is 65% below that value.
Leak Score 100/100 on 2 of 12 signals
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $571.63; the price of $213.48 is 63% below that value.
Leak Score 100/100 on 3 of 12 signals
| Metric | FN | TEL |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $403.80 | $213.48 |
| Intrinsic value | $1164.03 | $571.63 |
| Margin of safety | +65% | +63% |
| Leak Score | 100/100 (2/12) | 100/100 (3/12) |
| Market cap | $14.5B | $61.8B |
| Revenue growth, 5 years | 19.8% | 7.2% |
| Operating margin | 10.1% | 21.2% |
| Net margin | 10.2% | 15.6% |
| Return on equity | 21.3% | 23.6% |
| Debt to equity | 0.00 | 0.43 |
| P/E | 31.0x | 20.9x |
| Forward P/E | 18.6x | 16.4x |
| P/B | 5.9x | 4.7x |
| Dividend yield | — | 1.3% |