Pinterest Inc (PINS) is overvalued and Snap Inc (SNAP) is overvalued.
Both trade above our estimate of their intrinsic value. PINS is the closer of the two: -150%, against -206% for SNAP.
Values as of the 20 Oct 2026 close.
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $9.18; the price of $22.98 is 150% above that value, and 75% of that value comes from beyond year five.
Leak Score 52/100 on 10 of 12 signals
A 1.0x revenue multiple, discounted for its losses, values the shares at $2.09; the price of $6.38 is 206% above that value.
Leak Score 34/100 on 10 of 12 signals
| Metric | PINS | SNAP |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $22.98 | $6.38 |
| Intrinsic value | $9.18 | $2.09 |
| Margin of safety | -150% | -206% |
| Leak Score | 52/100 (10/12) | 34/100 (10/12) |
| Market cap | $13.0B | $10.8B |
| Revenue growth, 5 years | 20.1% | 18.8% |
| Operating margin | 6.3% | -5.1% |
| Net margin | 5.5% | -4.9% |
| Return on equity | 6.5% | -15.6% |
| Debt to equity | 0.41 | 2.19 |
| P/E | 67.0x | — |
| Forward P/E | 9.6x | 42.6x |
| P/B | 4.5x | 5.6x |