Korn Ferry (KFY) is undervalued and Insperity Inc (NSP) is undervalued.
Against our estimates of intrinsic value, KFY trades at the wider discount: a margin of safety of +29%, against +29% for NSP.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.2% (average of 3 methods) values the shares at $106.60; the price of $75.86 is 29% below that value, and 72% of that value comes from beyond year five.
Leak Score 84/100 on 3 of 12 signals
Its through-the-cycle earnings (3.8% median margin), capitalised at 7.9% with no growth, values the shares at $70.34; the price of $50.26 is 29% below that value.
Leak Score 55/100 on 7 of 12 signals
| Metric | KFY | NSP |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $75.86 | $50.26 |
| Intrinsic value | $106.60 | $70.34 |
| Margin of safety | +29% | +29% |
| Leak Score | 84/100 (3/12) | 55/100 (7/12) |
| Market cap | $4.1B | $1.9B |
| Revenue growth, 5 years | 10.1% | 9.7% |
| Operating margin | 13.4% | -0.0% |
| Net margin | 9.2% | -0.2% |
| Return on equity | 14.2% | -18.5% |
| Debt to equity | 0.30 | 7.84 |
| P/E | 14.3x | — |
| Forward P/E | 11.9x | 18.6x |
| P/B | 1.9x | 30.5x |
| Dividend yield | 2.9% | 4.8% |