IHS Holding Ltd (IHS) is undervalued and Jones Lang Lasalle Inc (JLL) is undervalued.
Against our estimates of intrinsic value, IHS trades at the wider discount: a margin of safety of +79%, against +27% for JLL.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $40.18; the price of $8.43 is 79% below that value, and 82% of that value comes from beyond year five.
Leak Score 88/100 on 9 of 12 signals
Discounting its cash flows at 10.8% (average of 3 methods) values the shares at $415.79; the price of $302.63 is 27% below that value, and 71% of that value comes from beyond year five.
Leak Score 64/100 on 11 of 12 signals
| Metric | IHS | JLL |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $8.43 | $302.63 |
| Intrinsic value | $40.18 | $415.79 |
| Margin of safety | +79% | +27% |
| Leak Score | 88/100 (9/12) | 64/100 (11/12) |
| Market cap | $2.9B | $13.9B |
| Revenue growth, 5 years | 2.4% | 9.5% |
| Operating margin | 33.4% | 4.9% |
| Net margin | 9.2% | 3.6% |
| Return on equity | — | 13.8% |
| Debt to equity | — | 0.46 |
| P/E | 20.1x | 14.5x |
| Forward P/E | 10.0x | 10.9x |
| P/B | — | 1.9x |
| Dividend yield | 2.1% | — |