Forestar Group Inc (FOR) is undervalued and Sky Harbour Group Corp (SKYH) is overvalued.
Against our estimates of intrinsic value, FOR trades at the wider discount: a margin of safety of +52%, against -880% for SKYH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.1% (average of 2 methods) values the shares at $57.21; the price of $27.21 is 52% below that value.
Leak Score 67/100 on 9 of 12 signals
A 2.5x revenue multiple, discounted for its losses, values the shares at $1.03; the price of $10.10 is 880% above that value.
Leak Score 16/100 on 6 of 12 signals
| Metric | FOR | SKYH |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $27.21 | $10.10 |
| Intrinsic value | $57.21 | $1.03 |
| Margin of safety | +52% | -880% |
| Leak Score | 67/100 (9/12) | 16/100 (6/12) |
| Market cap | $1.4B | $824M |
| Revenue growth, 5 years | 12.3% | — |
| Operating margin | 14.7% | -80.8% |
| Net margin | 9.9% | 2.7% |
| Return on equity | 9.6% | 0.8% |
| Debt to equity | 0.44 | 4.81 |
| P/E | 8.2x | — |
| Forward P/E | 9.5x | — |
| P/B | 0.8x | 2.8x |