Interactive Brokers Group Inc (IBKR) is undervalued and Charles Schwab Corp (SCHW) is undervalued.
Against our estimates of intrinsic value, IBKR trades at the wider discount: a margin of safety of +64%, against +33% for SCHW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $252.05; the price of $91.88 is 64% below that value, and 80% of that value comes from beyond year five.
Leak Score 70/100 on 7 of 12 signals
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $150.35; the price of $100.35 is 33% below that value, and 77% of that value comes from beyond year five.
Leak Score 86/100 on 9 of 12 signals
| Metric | IBKR | SCHW |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $91.88 | $100.35 |
| Intrinsic value | $252.05 | $150.35 |
| Margin of safety | +64% | +33% |
| Leak Score | 70/100 (7/12) | 86/100 (9/12) |
| Market cap | $41.6B | $173.5B |
| Revenue growth, 5 years | 33.1% | 18.0% |
| Operating margin | 86.7% | 49.7% |
| Net margin | 10.0% | 33.1% |
| Return on equity | 21.0% | 20.3% |
| Debt to equity | 7.72 | 0.74 |
| P/E | 36.6x | 18.3x |
| Forward P/E | 28.9x | 12.7x |
| P/B | 7.0x | 4.0x |
| Dividend yield | 0.4% | 1.3% |