Grand Canyon Education Inc (LOPE) is slightly undervalued and TAL Education Group ADR (TAL) is undervalued.
Against our estimates of intrinsic value, TAL trades at the wider discount: a margin of safety of +27%, against +9% for LOPE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $160.79; the price of $146.78 is 9% below that value, and 78% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $16.17; the price of $11.87 is 27% below that value, and 80% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | LOPE | TAL |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $146.78 | $11.87 |
| Intrinsic value | $160.79 | $16.17 |
| Margin of safety | +9% | +27% |
| Leak Score | 59/100 (3/12) | 100/100 (3/12) |
| Market cap | $3.8B | $4.0B |
| Revenue growth, 5 years | 5.5% | -7.7% |
| Operating margin | 27.8% | 12.4% |
| Net margin | 19.6% | 28.4% |
| Return on equity | 31.0% | 23.8% |
| Debt to equity | 0.16 | 0.10 |
| P/E | 17.7x | 7.3x |
| Forward P/E | 13.0x | — |
| P/B | 5.8x | 1.4x |