Insperity Inc (NSP) is undervalued and TriNet Group Inc (TNET) is undervalued.
Against our estimates of intrinsic value, NSP trades at the wider discount: a margin of safety of +29%, against +22% for TNET.
Values as of the 22 Sept 2026 close.
Its through-the-cycle earnings (3.8% median margin), capitalised at 7.9% with no growth, values the shares at $70.34; the price of $50.26 is 29% below that value.
Leak Score 55/100 on 7 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $85.64; the price of $66.71 is 22% below that value, and 76% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | NSP | TNET |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $50.26 | $66.71 |
| Intrinsic value | $70.34 | $85.64 |
| Margin of safety | +29% | +22% |
| Leak Score | 55/100 (7/12) | 100/100 (3/12) |
| Market cap | $1.9B | $3.1B |
| Revenue growth, 5 years | 9.7% | 4.4% |
| Operating margin | -0.0% | 6.6% |
| Net margin | -0.2% | 3.6% |
| Return on equity | -18.5% | 150.9% |
| Debt to equity | 7.84 | 7.60 |
| P/E | — | 17.9x |
| Forward P/E | 18.6x | 13.6x |
| P/B | 30.5x | 24.5x |
| Dividend yield | 4.8% | 1.7% |