PulteGroup Inc (PHM) is undervalued and Champion Homes Inc (SKY) is slightly overvalued.
Against our estimates of intrinsic value, PHM trades at the wider discount: a margin of safety of +32%, against -20% for SKY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $179.30; the price of $122.29 is 32% below that value, and 72% of that value comes from beyond year five.
Leak Score 77/100 on 9 of 12 signals
Discounting its cash flows at 9.9% (average of 3 methods) values the shares at $74.32; the price of $88.84 is 20% above that value, and 74% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | PHM | SKY |
|---|---|---|
| Verdict | Undervalued | Slightly overvalued |
| Price | $122.29 | $88.84 |
| Intrinsic value | $179.30 | $74.32 |
| Margin of safety | +32% | -20% |
| Leak Score | 77/100 (9/12) | 59/100 (3/12) |
| Market cap | $22.9B | $4.8B |
| Revenue growth, 5 years | 9.4% | 13.4% |
| Operating margin | 15.6% | 8.9% |
| Net margin | 11.6% | 7.2% |
| Return on equity | 14.9% | 12.2% |
| Debt to equity | 0.19 | 0.08 |
| P/E | 12.5x | 26.0x |
| Forward P/E | 11.0x | 20.8x |
| P/B | 1.8x | 3.1x |
| Dividend yield | 0.8% | — |