Henry Schein Inc (HSIC) is overvalued and Mckesson Corp (MCK) is undervalued.
Against our estimates of intrinsic value, MCK trades at the wider discount: a margin of safety of +29%, against -48% for HSIC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $58.94; the price of $87.43 is 48% above that value, and 79% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $1250.61; the price of $891.23 is 29% below that value, and 82% of that value comes from beyond year five.
Leak Score 78/100 on 8 of 12 signals
| Metric | HSIC | MCK |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $87.43 | $891.23 |
| Intrinsic value | $58.94 | $1250.61 |
| Margin of safety | -48% | +29% |
| Leak Score | 14/100 (3/12) | 78/100 (8/12) |
| Market cap | $9.7B | $103.9B |
| Revenue growth, 5 years | 5.4% | 11.1% |
| Operating margin | 6.0% | 1.6% |
| Net margin | 3.0% | 1.1% |
| Return on equity | 12.2% | — |
| Debt to equity | 1.21 | — |
| P/E | 25.5x | 23.9x |
| Forward P/E | 14.6x | 17.6x |
| P/B | 3.1x | — |
| Dividend yield | — | 0.4% |