Fox Corp (FOX) is undervalued and Netflix Inc (NFLX) is overvalued.
Against our estimates of intrinsic value, FOX trades at the wider discount: a margin of safety of +51%, against -23% for NFLX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $117.83; the price of $57.32 is 51% below that value, and 77% of that value comes from beyond year five.
Leak Score 77/100 on 8 of 12 signals
Discounting its cash flows at 11.9% (average of 3 methods) values the shares at $58.62; the price of $72.16 is 23% above that value, and 68% of that value comes from beyond year five.
Leak Score 67/100 on 10 of 12 signals
| Metric | FOX | NFLX |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $57.32 | $72.16 |
| Intrinsic value | $117.83 | $58.62 |
| Margin of safety | +51% | -23% |
| Leak Score | 77/100 (8/12) | 67/100 (10/12) |
| Market cap | $25.5B | $300.5B |
| Revenue growth, 5 years | 5.8% | 12.6% |
| Operating margin | 20.4% | 30.3% |
| Net margin | 9.8% | 28.0% |
| Return on equity | 14.3% | 49.5% |
| Debt to equity | 0.65 | 0.55 |
| P/E | 14.9x | 22.7x |
| Forward P/E | 9.8x | 19.0x |
| P/B | 2.1x | 10.0x |
| Dividend yield | 1.0% | — |