JBS NV (JBS) is undervalued and J.M. Smucker Co (SJM) is slightly undervalued.
Against our estimates of intrinsic value, JBS trades at the wider discount: a margin of safety of +44%, against +12% for SJM.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.0% (average of 3 methods) values the shares at $21.43; the price of $11.90 is 44% below that value, and 87% of that value comes from beyond year five.
Leak Score 54/100 on 3 of 12 signals
Discounting its cash flows at 6.7% (average of 3 methods) values the shares at $138.36; the price of $121.11 is 12% below that value, and 84% of that value comes from beyond year five.
Leak Score 22/100 on 3 of 12 signals
| Metric | JBS | SJM |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $11.90 | $121.11 |
| Intrinsic value | $21.43 | $138.36 |
| Margin of safety | +44% | +12% |
| Leak Score | 54/100 (3/12) | 22/100 (3/12) |
| Market cap | $12.7B | $12.9B |
| Revenue growth, 5 years | 10.4% | 2.5% |
| Operating margin | 3.5% | 18.7% |
| Net margin | 1.2% | 2.5% |
| Return on equity | 13.4% | 3.9% |
| Debt to equity | 2.97 | 1.21 |
| P/E | 11.1x | 56.8x |
| Forward P/E | 8.7x | 11.1x |
| P/B | 1.4x | 2.3x |
| Dividend yield | 8.6% | 3.7% |