Mueller Industries Inc (MLI) is undervalued and Worthington Enterprises Inc (WOR) is overvalued.
Against our estimates of intrinsic value, MLI trades at the wider discount: a margin of safety of +21%, against -1185% for WOR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $76.07; the price of $59.90 is 21% below that value, and 72% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 10.5% (average of 2 methods) values the shares at $4.59; the price of $58.94 is 1185% above that value, and 68% of that value comes from beyond year five.
Leak Score 43/100 on 3 of 12 signals
| Metric | MLI | WOR |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $59.90 | $58.94 |
| Intrinsic value | $76.07 | $4.59 |
| Margin of safety | +21% | -1185% |
| Leak Score | 100/100 (3/12) | 43/100 (3/12) |
| Market cap | $13.2B | $2.9B |
| Revenue growth, 5 years | 11.8% | -15.3% |
| Operating margin | 21.3% | 5.9% |
| Net margin | 18.3% | 11.3% |
| Return on equity | 26.3% | 15.9% |
| Debt to equity | 0.01 | 0.34 |
| P/E | 15.6x | 18.8x |
| Forward P/E | 13.6x | 14.4x |
| P/B | 3.7x | 2.8x |
| Dividend yield | 1.1% | 1.4% |