Mizuho Financial Group Inc ADR (MFG) is slightly overvalued and Nu Holdings Ltd (NU) is overvalued.
Both trade above our estimate of their intrinsic value. MFG is the closer of the two: -8%, against -86% for NU.
Values as of the 19 Oct 2026 close.
Book value at 1.71x, the multiple a 12.5% return on equity justifies, blended with earnings, values the shares at $9.36; the price of $10.07 is 8% above that value.
Leak Score 37/100 on 11 of 12 signals
Book value at 2.50x, the multiple a 31.6% return on equity justifies, blended with earnings, values the shares at $7.80; the price of $14.51 is 86% above that value.
Leak Score 62/100 on 8 of 12 signals
| Metric | MFG | NU |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $10.07 | $14.51 |
| Intrinsic value | $9.36 | $7.80 |
| Margin of safety | -8% | -86% |
| Leak Score | 37/100 (11/12) | 62/100 (8/12) |
| Market cap | $122.5B | $70.1B |
| Revenue growth, 5 years | 15.6% | 86.2% |
| Operating margin | 18.0% | 24.5% |
| Net margin | 15.7% | 20.2% |
| Return on equity | 12.5% | 31.6% |
| Debt to equity | 5.91 | 3.17 |
| P/E | 13.8x | 19.8x |
| Forward P/E | 11.2x | 12.9x |
| P/B | 1.7x | 5.3x |
| Dividend yield | 1.9% | — |