Liberty Media Corp (FWONK) is overvalued and Netflix Inc (NFLX) is overvalued.
Both trade above our estimate of their intrinsic value. NFLX is the closer of the two: -24%, against -125% for FWONK.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $39.94; the price of $89.93 is 125% above that value, and 79% of that value comes from beyond year five.
Leak Score 35/100 on 11 of 12 signals
Discounting its cash flows at 11.8% (average of 3 methods) values the shares at $56.44; the price of $69.85 is 24% above that value, and 68% of that value comes from beyond year five.
Leak Score 62/100 on 12 of 12 signals
| Metric | FWONK | NFLX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $89.93 | $69.85 |
| Intrinsic value | $39.94 | $56.44 |
| Margin of safety | -125% | -24% |
| Leak Score | 35/100 (11/12) | 62/100 (12/12) |
| Market cap | $22.5B | $290.9B |
| Revenue growth, 5 years | 31.4% | 12.6% |
| Operating margin | 12.4% | 30.3% |
| Net margin | 9.4% | 28.0% |
| Return on equity | 5.8% | 49.5% |
| Debt to equity | 0.65 | 0.55 |
| P/E | 55.6x | 22.0x |
| Forward P/E | 40.8x | 18.4x |
| P/B | 3.0x | 9.7x |