Meta Platforms Inc (META) is undervalued and Snap Inc (SNAP) is overvalued.
Against our estimates of intrinsic value, META trades at the wider discount: a margin of safety of +36%, against -200% for SNAP.
Values as of the 19 Oct 2026 close.
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $1,109.18; the price of $705.44 is 36% below that value.
Leak Score 73/100 on 10 of 12 signals
A 1.0x revenue multiple, discounted for its losses, values the shares at $2.09; the price of $6.27 is 200% above that value.
Leak Score 34/100 on 10 of 12 signals
| Metric | META | SNAP |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $705.44 | $6.27 |
| Intrinsic value | $1109.18 | $2.09 |
| Margin of safety | +36% | -200% |
| Leak Score | 73/100 (10/12) | 34/100 (10/12) |
| Market cap | $1.80T | $10.6B |
| Revenue growth, 5 years | 18.5% | 18.8% |
| Operating margin | 38.1% | -5.1% |
| Net margin | 29.8% | -4.9% |
| Return on equity | 29.8% | -15.6% |
| Debt to equity | 0.43 | 2.19 |
| P/E | 26.6x | — |
| Forward P/E | 20.8x | 41.9x |
| P/B | 6.9x | 5.5x |
| Dividend yield | 0.3% | — |