KKR & Co Inc (KKR) is slightly undervalued and State Street Corp (STT) is undervalued.
Against our estimates of intrinsic value, STT trades at the wider discount: a margin of safety of +66%, against +10% for KKR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.2% values the shares at $109.07; the price of $98.44 is 10% below that value, and 74% of that value comes from beyond year five.
Leak Score 43/100 on 9 of 12 signals
Discounting its cash flows at 11.2% (average of 3 methods) values the shares at $532.76; the price of $180.25 is 66% below that value, and 68% of that value comes from beyond year five.
Leak Score 69/100 on 10 of 12 signals
| Metric | KKR | STT |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $98.44 | $180.25 |
| Intrinsic value | $109.07 | $532.76 |
| Margin of safety | +10% | +66% |
| Leak Score | 43/100 (9/12) | 69/100 (10/12) |
| Market cap | $88.4B | $49.5B |
| Revenue growth, 5 years | 35.4% | 14.1% |
| Operating margin | 23.5% | 20.2% |
| Net margin | 12.7% | 14.8% |
| Return on equity | 10.6% | 12.4% |
| Debt to equity | 1.78 | 1.08 |
| P/E | 31.4x | 15.9x |
| Forward P/E | 13.3x | 11.8x |
| P/B | 3.1x | 2.0x |
| Dividend yield | 0.8% | 1.9% |