RB Global Inc (RBA) is slightly undervalued and Rentokil Initial Plc ADR (RTO) is slightly undervalued.
Against our estimates of intrinsic value, RTO trades at the wider discount: a margin of safety of +19%, against +6% for RBA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $88.51; the price of $83.36 is 6% below that value, and 82% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $26.50; the price of $21.37 is 19% below that value, and 79% of that value comes from beyond year five.
Leak Score 35/100 on 3 of 12 signals
| Metric | RBA | RTO |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $83.36 | $21.37 |
| Intrinsic value | $88.51 | $26.50 |
| Margin of safety | +6% | +19% |
| Leak Score | 14/100 (3/12) | 35/100 (3/12) |
| Market cap | $15.4B | $10.7B |
| Revenue growth, 5 years | 27.2% | 14.1% |
| Operating margin | 17.8% | 13.9% |
| Net margin | 9.0% | 6.7% |
| Return on equity | 8.1% | 6.0% |
| Debt to equity | 0.75 | 1.10 |
| P/E | 35.8x | 22.7x |
| Forward P/E | 17.4x | 13.8x |
| P/B | 2.8x | 1.9x |
| Dividend yield | 1.6% | 3.0% |