Intel Corp (INTC) is overvalued and NVIDIA Corp (NVDA) is overvalued.
Both trade above our estimate of their intrinsic value. NVDA is the closer of the two: -46%, against -1189% for INTC.
Values as of the 22 Sept 2026 close.
Its through-the-cycle earnings (23.1% median margin), capitalised at 13.9% with no growth, values the shares at $9.61; the price of $123.86 is 1189% above that value.
Leak Score 28/100 on 8 of 12 signals
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $156.98; the price of $228.87 is 46% above that value.
Leak Score 71/100 on 10 of 12 signals
| Metric | INTC | NVDA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $123.86 | $228.87 |
| Intrinsic value | $9.61 | $156.98 |
| Margin of safety | -1189% | -46% |
| Leak Score | 28/100 (8/12) | 71/100 (10/12) |
| Market cap | $654.7B | $5.52T |
| Revenue growth, 5 years | -7.5% | 66.9% |
| Operating margin | 8.0% | 65.2% |
| Net margin | -19.8% | 63.7% |
| Return on equity | -12.2% | 117.2% |
| Debt to equity | 0.58 | 0.17 |
| P/E | — | 28.9x |
| Forward P/E | 58.2x | 14.5x |
| P/B | 7.1x | 24.1x |
| Dividend yield | 0.0% | 0.3% |