Snap-on Inc (SNA) is slightly undervalued and Toro Co (TTC) is overvalued.
Against our estimates of intrinsic value, SNA trades at the wider discount: a margin of safety of +17%, against -35% for TTC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $448.54; the price of $371.80 is 17% below that value, and 76% of that value comes from beyond year five.
Leak Score 77/100 on 9 of 12 signals
Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $69.82; the price of $94.52 is 35% above that value, and 78% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | SNA | TTC |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $371.80 | $94.52 |
| Intrinsic value | $448.54 | $69.82 |
| Margin of safety | +17% | -35% |
| Leak Score | 77/100 (9/12) | 59/100 (3/12) |
| Market cap | $19.2B | $8.9B |
| Revenue growth, 5 years | 5.5% | 6.0% |
| Operating margin | 25.4% | 11.3% |
| Net margin | 19.6% | 7.6% |
| Return on equity | 17.6% | 26.5% |
| Debt to equity | 0.22 | 0.81 |
| P/E | 19.0x | 25.3x |
| Forward P/E | 17.4x | 18.4x |
| P/B | 3.2x | 6.7x |
| Dividend yield | 2.7% | 1.7% |