Fox Corp (FOX) is undervalued and TKO Group Holdings Inc (TKO) is overvalued.
Against our estimates of intrinsic value, FOX trades at the wider discount: a margin of safety of +51%, against -43% for TKO.
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 8.6% (average of 3 methods) values the shares at $131.98; the price of $188.87 is 43% above that value, and 79% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | FOX | TKO |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $57.32 | $188.87 |
| Intrinsic value | $117.83 | $131.98 |
| Margin of safety | +51% | -43% |
| Leak Score | 77/100 (8/12) | 0/100 (3/12) |
| Market cap | $25.5B | $35.7B |
| Revenue growth, 5 years | 5.8% | 37.2% |
| Operating margin | 20.4% | 21.9% |
| Net margin | 9.8% | 4.3% |
| Return on equity | 14.3% | 6.0% |
| Debt to equity | 0.65 | 1.46 |
| P/E | 14.9x | 65.3x |
| Forward P/E | 9.8x | 34.5x |
| P/B | 2.1x | 4.1x |
| Dividend yield | 1.0% | 0.8% |