PennyMac Financial Services Inc (PFSI) is undervalued and Rocket Companies Inc (RKT) is overvalued.
Against our estimates of intrinsic value, PFSI trades at the wider discount: a margin of safety of +61%, against -261% for RKT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.5% (average of 3 methods) values the shares at $170.68; the price of $66.96 is 61% below that value, and 85% of that value comes from beyond year five.
Leak Score 41/100 on 3 of 12 signals
Discounting its cash flows at 12.3% (average of 2 methods) values the shares at $3.53; the price of $12.74 is 261% above that value, and 62% of that value comes from beyond year five.
Leak Score 15/100 on 5 of 12 signals
| Metric | PFSI | RKT |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $66.96 | $12.74 |
| Intrinsic value | $170.68 | $3.53 |
| Margin of safety | +61% | -261% |
| Leak Score | 41/100 (3/12) | 15/100 (5/12) |
| Market cap | $3.5B | $36.1B |
| Revenue growth, 5 years | 0.1% | -14.6% |
| Operating margin | 30.1% | 24.4% |
| Net margin | 8.2% | 4.9% |
| Return on equity | 9.4% | 3.0% |
| Debt to equity | 3.57 | 1.41 |
| P/E | 9.2x | 84.8x |
| Forward P/E | 6.2x | 14.8x |
| P/B | 0.8x | 1.5x |
| Dividend yield | 1.2% | — |