HNI Corp (HNI) is overvalued and MasterBrand Inc (MBC) is overvalued.
Both trade above our estimate of their intrinsic value. MBC is the closer of the two: -74%, against -218% for HNI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $15.01; the price of $47.79 is 218% above that value, and 79% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 9.0% (average of 2 methods) values the shares at $4.15; the price of $7.24 is 74% above that value, and 76% of that value comes from beyond year five.
Leak Score 29/100 on 5 of 12 signals
| Metric | HNI | MBC |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $47.79 | $7.24 |
| Intrinsic value | $15.01 | $4.15 |
| Margin of safety | -218% | -74% |
| Leak Score | 0/100 (2/12) | 29/100 (5/12) |
| Market cap | $3.4B | $1.5B |
| Revenue growth, 5 years | 7.7% | 2.1% |
| Operating margin | 5.6% | -0.6% |
| Net margin | 0.1% | -3.5% |
| Return on equity | 0.3% | -5.8% |
| Debt to equity | 0.91 | 0.86 |
| P/E | 434.1x | — |
| Forward P/E | 9.9x | 30.2x |
| P/B | 1.9x | 0.8x |
| Dividend yield | 3.1% | — |