RXO Inc (RXO) is undervalued and Saia Inc (SAIA) is overvalued.
Against our estimates of intrinsic value, RXO trades at the wider discount: a margin of safety of +62%, against -99% for SAIA.
Values as of the 22 Sept 2026 close.
A 1.5x revenue multiple, discounted for its losses, values the shares at $52.21; the price of $19.79 is 62% below that value.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 13.9% (average of 3 methods) values the shares at $174.70; the price of $348.38 is 99% above that value, and 62% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | RXO | SAIA |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $19.79 | $348.38 |
| Intrinsic value | $52.21 | $174.70 |
| Margin of safety | +62% | -99% |
| Leak Score | 56/100 (2/12) | 27/100 (3/12) |
| Market cap | $3.3B | $9.3B |
| Revenue growth, 5 years | 11.3% | 12.2% |
| Operating margin | -0.2% | 10.8% |
| Net margin | -1.7% | 8.2% |
| Return on equity | -6.8% | 10.8% |
| Debt to equity | 0.48 | 0.10 |
| P/E | — | 33.6x |
| Forward P/E | 32.2x | 24.5x |
| P/B | 2.2x | 3.4x |