Park Hotels & Resorts Inc (PK) is undervalued and Ryman Hospitality Properties Inc (RHP) is slightly undervalued.
Against our estimates of intrinsic value, PK trades at the wider discount: a margin of safety of +22%, against +9% for RHP.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.9% (average of 2 methods) values the shares at $19.59; the price of $15.19 is 22% below that value, and 81% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $133.19; the price of $121.55 is 9% below that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | PK | RHP |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $15.19 | $121.55 |
| Intrinsic value | $19.59 | $133.19 |
| Margin of safety | +22% | +9% |
| Leak Score | 56/100 (2/12) | 0/100 (2/12) |
| Market cap | $3.1B | $8.3B |
| Revenue growth, 5 years | 24.4% | 37.5% |
| Operating margin | 11.9% | 19.9% |
| Net margin | -6.5% | 9.9% |
| Return on equity | -5.0% | 35.1% |
| Debt to equity | 1.33 | 5.52 |
| P/E | — | 29.9x |
| Forward P/E | 26.7x | 24.2x |
| P/B | 1.0x | 10.1x |
| Dividend yield | 6.7% | 4.0% |