RB Global Inc (RBA) is slightly undervalued and UL Solutions Inc (ULS) is overvalued.
Against our estimates of intrinsic value, RBA trades at the wider discount: a margin of safety of +6%, against -56% for ULS.
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 8.6% (average of 3 methods) values the shares at $42.69; the price of $66.65 is 56% above that value, and 77% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | RBA | ULS |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $83.36 | $66.65 |
| Intrinsic value | $88.51 | $42.69 |
| Margin of safety | +6% | -56% |
| Leak Score | 14/100 (3/12) | 59/100 (3/12) |
| Market cap | $15.4B | $13.5B |
| Revenue growth, 5 years | 27.2% | 5.8% |
| Operating margin | 17.8% | 19.0% |
| Net margin | 9.0% | 16.0% |
| Return on equity | 8.1% | 37.5% |
| Debt to equity | 0.75 | 0.30 |
| P/E | 35.8x | 26.9x |
| Forward P/E | 17.4x | 25.7x |
| P/B | 2.8x | 8.4x |
| Dividend yield | 1.6% | 0.9% |