NTB: slightly undervalued.
Figures as of the 2026-10-19 close.
The Leak Score grades the quality of a business from its own accounts, on twelve value investing signals: returns on capital, cash generation, debt, margins, dilution and so on. 81 out of 100 is what we call "Strong Leak": its accounts pass most of the tests we run, comfortably. It does not say whether the price is right: that is what the verdict on intrinsic value is for.
8 signals in its favour, 1 against, 1 neutral. 2 signals could not be evaluated: the data they need is not in the filings we hold for this company. Which signals they are, and why each one passes or fails, is in the full analysis.
It rests on 10 of 12 signals, enough of the checklist for us to give it a rating. A signal we cannot evaluate counts neither for nor against: it lowers the coverage, not the score.