RXO Inc (RXO) is undervalued and XPO Inc (XPO) is overvalued.
Against our estimates of intrinsic value, RXO trades at the wider discount: a margin of safety of +62%, against -353% for XPO.
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 12.0% (average of 3 methods) values the shares at $39.25; the price of $177.67 is 353% above that value, and 66% of that value comes from beyond year five.
Leak Score 49/100 on 9 of 12 signals
| Metric | RXO | XPO |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $19.79 | $177.67 |
| Intrinsic value | $52.21 | $39.25 |
| Margin of safety | +62% | -353% |
| Leak Score | 56/100 (2/12) | 49/100 (9/12) |
| Market cap | $3.3B | $20.8B |
| Revenue growth, 5 years | 11.3% | -4.4% |
| Operating margin | -0.2% | 9.8% |
| Net margin | -1.7% | 4.7% |
| Return on equity | -6.8% | 21.6% |
| Debt to equity | 0.48 | 2.03 |
| P/E | — | 52.2x |
| Forward P/E | 32.2x | 27.2x |
| P/B | 2.2x | 10.6x |