Nu Holdings Ltd (NU) is overvalued and U.S. Bancorp (USB) is fairly valued.
Both trade above our estimate of their intrinsic value. USB is the closer of the two: -1%, against -86% for NU.
Values as of the 19 Oct 2026 close.
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
Book value at 1.38x, the multiple a 12.8% return on equity justifies, blended with earnings, values the shares at $57.21; the price of $57.85 is 1% above that value.
Leak Score 50/100 on 11 of 12 signals
| Metric | NU | USB |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $14.51 | $57.85 |
| Intrinsic value | $7.80 | $57.21 |
| Margin of safety | -86% | -1% |
| Leak Score | 62/100 (8/12) | 50/100 (11/12) |
| Market cap | $70.1B | $90.1B |
| Revenue growth, 5 years | 86.2% | 13.2% |
| Operating margin | 24.5% | 24.5% |
| Net margin | 20.2% | 18.6% |
| Return on equity | 31.6% | 12.8% |
| Debt to equity | 3.17 | 1.10 |
| P/E | 19.8x | 11.3x |
| Forward P/E | 12.9x | 9.9x |
| P/B | 5.3x | 1.5x |
| Dividend yield | — | 3.7% |