Liberty Media Corp (FWONA) is overvalued and Roku Inc (ROKU) is overvalued.
Both trade above our estimate of their intrinsic value. FWONA is the closer of the two: -108%, against -111% for ROKU.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $39.63; the price of $82.39 is 108% above that value, and 79% of that value comes from beyond year five.
Leak Score 40/100 on 11 of 12 signals
A 1.7x revenue multiple, discounted for its losses, values the shares at $73.75; the price of $155.54 is 111% above that value.
Leak Score 43/100 on 11 of 12 signals
| Metric | FWONA | ROKU |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $82.39 | $155.54 |
| Intrinsic value | $39.63 | $73.75 |
| Margin of safety | -108% | -111% |
| Leak Score | 40/100 (11/12) | 43/100 (11/12) |
| Market cap | $20.7B | $23.1B |
| Revenue growth, 5 years | 31.4% | 21.6% |
| Operating margin | 12.4% | 5.3% |
| Net margin | 9.4% | 6.8% |
| Return on equity | 5.8% | 13.1% |
| Debt to equity | 0.65 | 0.17 |
| P/E | 50.9x | 66.5x |
| Forward P/E | 37.3x | 39.5x |
| P/B | 2.7x | 8.2x |