Also called Spread, Discount to intrinsic value
Upside
How far intrinsic value sits above or below today's price. Positive means the model thinks the stock is cheap, negative means expensive.
Updated 2026-09-03
Upside is how far intrinsic value sits above or below today's price, expressed as a percentage of the price. Positive means the model thinks the stock is cheap. Negative means it thinks the stock is expensive.
upside = (intrinsic value − price) ÷ price
So +25 percent means the model puts fair value a quarter above the price. It is not a forecast of a return and it carries no timeframe.
Reading it honestly
Upside is a statement about disagreement, not about opportunity. A large positive number means the model and the market disagree loudly, and the model is not automatically the one that is right. The larger the number, the more likely the explanation is a modelling artifact rather than a mispricing.
Angie treats that literally. Any row implying more than 100 percent upside, or more than 50 percent overvaluation, is forced to low confidence and tagged as a probable artifact so the discovery board can rank it last instead of first. Before that guard existed the most extreme artifacts sat at the top of the page, precisely because the board sorted by discount.
See also
- Intrinsic value — Angie's estimate of what one share is worth, built from the company's own cash rather than from what anyone will pay. Compare it to today's price.
- Margin of safety — How far the price must sit from fair value before Angie calls it anything but fair: at least this much upside to be undervalued, at least this much downside to be overvalued. It exists because the estimate itself can be wrong.
- Verdict — Undervalued, fair or overvalued, decided by where the price sits against intrinsic value once the margin of safety is applied.
Educational content, not investment advice. Angie explains how a valuation is built so you can judge it yourself. What you do with that is your call.
