Ingles Markets Inc (IMKTA) is slightly undervalued and Kroger Co (KR) is overvalued.
Against our estimates of intrinsic value, IMKTA trades at the wider discount: a margin of safety of +7%, against -83% for KR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $90.18; the price of $83.84 is 7% below that value, and 80% of that value comes from beyond year five.
Leak Score 37/100 on 8 of 12 signals
Discounting its cash flows at 7.0% (average of 3 methods) values the shares at $31.93; the price of $58.56 is 83% above that value, and 83% of that value comes from beyond year five.
Leak Score 43/100 on 10 of 12 signals
| Metric | IMKTA | KR |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $83.84 | $58.56 |
| Intrinsic value | $90.18 | $31.93 |
| Margin of safety | +7% | -83% |
| Leak Score | 37/100 (8/12) | 43/100 (10/12) |
| Market cap | $1.6B | $34.6B |
| Revenue growth, 5 years | 3.0% | 2.2% |
| Operating margin | 2.6% | 3.2% |
| Net margin | 1.9% | 0.7% |
| Return on equity | 6.3% | 14.2% |
| Debt to equity | 0.31 | 4.14 |
| P/E | 15.2x | 31.7x |
| Forward P/E | — | 10.6x |
| P/B | 0.9x | 6.0x |
| Dividend yield | 0.8% | 2.6% |