Installed Building Products Inc (IBP) is overvalued and NVR Inc (NVR) is fairly valued.
Both trade above our estimate of their intrinsic value. NVR is the closer of the two: -4%, against -29% for IBP.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 11.2% (average of 3 methods) values the shares at $164.02; the price of $211.94 is 29% above that value, and 70% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $6065.97; the price of $6338.92 is 4% above that value, and 75% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | IBP | NVR |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $211.94 | $6338.92 |
| Intrinsic value | $164.02 | $6065.97 |
| Margin of safety | -29% | -4% |
| Leak Score | 59/100 (3/12) | 59/100 (3/12) |
| Market cap | $5.6B | $16.9B |
| Revenue growth, 5 years | 12.4% | 6.5% |
| Operating margin | 12.5% | 13.0% |
| Net margin | 8.5% | 12.2% |
| Return on equity | 38.5% | 31.5% |
| Debt to equity | 1.87 | 0.31 |
| P/E | 22.8x | 16.4x |
| Forward P/E | 18.5x | 15.8x |
| P/B | 8.8x | 4.8x |
| Dividend yield | 1.6% | — |