NYSE
According to Zyberno, Korn Ferry (KFY) shows a Value Trap signal — GREAT BUSINESS (76/100) with an apparent Margin of Safety of +23.7%, but a Brina Gap of -3.2% reveals the current price still assumes faster growth than the business can deliver.
According to Zyberno's DCF model, Korn Ferry (KFY) trades at $86.28 against an estimated intrinsic value per share of $113.07 — a +23.7% Margin of Safety based on Owner Earnings of $327.52M TTM, projected at 7.9% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -3.2% weakens the case: based on the company's ROIC (20.5%) and reinvestment rate (-3.3%), the business can fundamentally grow at -0.7% — but the current enterprise value implies the market expects 2.5%. This places KFY in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 13.9% annually.
Over the trailing twelve months, KFY generated $327.52M in Owner Earnings. Capital was deployed as follows: $78.09M returned via share buybacks, $104.65M paid as dividends, $89.90M invested in capital expenditures. Reinvestment rate: -3.3%. Owner Earnings have grown at 7.9% annually over the trailing five years using log-linear regression.