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Intel Corporation (INTC) vs M&T Bank Corporation (MTB): Which Is the Better Buy in 2026?

As of 2026-06-19, INTC is overvalued at $134, with a DCF intrinsic value of $8 and a margin of safety of -1513%. MTB is undervalued at $225, with an intrinsic value of $570 and a margin of safety of 61%. Of the two, MTB has the wider margin of safety.

INTC
Intel Corporation
$133.99
VS
MTB
M&T Bank Corporation
$225.12

Rewards

INTC
    MTB
    • M&T Bank Corporation scores 79/100 on the Economic Moat Score (Wide Moat), with reinvestment efficiency as the strongest competitive dimension.
    • Share count has been reduced by 10% over the past 4 years through buybacks, increasing each share's claim on earnings.
    • Each dollar of retained earnings has created $2.15 of earning power — management is an exceptional capital allocator.

    Risks

    INTC
    • Intel Corporation scores only 17/100 on the Economic Moat Score, suggesting limited durable competitive advantages.
    • Share count has increased by 21% over the past 4 years, diluting existing shareholders.
    • Insiders have sold $6.5M worth of stock in the past 3 months — significant insider liquidation.
    MTB
    • Gross margin of 0.0% is low, suggesting a competitive or commodity-like market with limited pricing power.
    • Altman Z-Score of 0.28 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.
    • Insiders have sold $6.4M worth of stock in the past 3 months — significant insider liquidation.

    Key Valuation Metrics

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    INTC
    MTB
    Valuation
    $-8.30B
    Free Cash Flow
    N/A
    -1.23%
    FCF Yield
    N/A
    N/A
    Trailing P/E
    12.64
    86.70
    Forward P/E
    10.77
    Quality & Moat
    1.72%
    ROIC
    14.71%
    -2.91%
    ROE
    10.29%
    37.20%
    Gross Margin
    0.00%
    1.36
    PEG Ratio
    1.47
    Balance Sheet Safety
    0.10
    Net Debt / Equity
    N/A
    N/A
    Interest Coverage
    N/A
    0.86
    Net Debt / EBITDA
    N/A
    0.00%
    Dividend Yield
    2.59%
    INTC: 2Ties: 1MTB: 4
    INTCMTB

    Historical Fundamentals

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    INTC

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    MTB

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    $1 Retained Earnings Test

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    INTC
    N/A
    Net losses over 3 years — test not applicable
    Company had negative cumulative retained earnings
    Σ Retained
    $-22.02B
    Δ Market Cap
    +$74.94B
    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
    MTB
    $1.18
    created per $1 retained over 3 years
    Value Creator
    Σ Retained
    $5.13B
    Δ Market Cap
    +$6.03B
    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

    Discounted Cash Flow (DCF) Analysis

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    INTC
    Insufficient Data
    Enter initial FCF to calculate intrinsic value
    Current Price: $133.99
    Fair Value: $0.00
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued
    MTB
    60.5% Margin of Safety
    Price is 60.5% below estimated fair value
    Current Price: $225.12
    Fair Value: $570.50
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued

    Reverse DCF — Market-Implied Growth

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    INTC

    Requires positive FCF to compute implied growth rate.

    MTB

    Requires positive FCF to compute implied growth rate.

    Economic Moat Score

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    INTC
    17/100
    No Moat
    70+ Wide · 40-69 Narrow · <40 None

    No durable moat detected, though revenue predictability shows some competitive positioning. The business lacks consistent evidence of sustainable advantages.

    Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 5 years of fundamental data.
    MTB
    79/100
    Wide Moat
    70+ Wide · 40-69 Narrow · <40 None

    Wide moat driven primarily by reinvestment efficiency. Margin Stability is the area most vulnerable to competitive pressure.

    Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 5 years of fundamental data.

    Forensic Accounting

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    INTC
    -2.83
    Unlikely Manipulator
    Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone
    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
    MTB
    -2.42
    Unlikely Manipulator
    Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

    M-Score Trend

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

    Ownership Breakdown

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    INTC
    Insiders 14.7%Institutions 64.0%Retail & Other 21.2%
    No. of Institutional Holders3,349
    High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.
    MTB
    Insiders 0.3%Institutions 93.1%Retail & Other 6.5%
    No. of Institutional Holders1,446
    High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

    High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

    Insider Buying Activity

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    INTC
    0
    Buys (3M)
    1
    Buys (12M)
    Total value (12M): $249,985
    ZINSNER DAVID A
    Chief Financial Officer
    $249,985
    @ $42.50 · 2026-01-26
    GELSINGER PATRICK P
    Chief Executive Officer
    $251,198
    @ $22.53 · 2024-11-04
    GELSINGER PATRICK P
    Chief Executive Officer
    $251,946
    @ $20.16 · 2024-08-05
    Open market purchases · includes direct & indirect ownership · excludes option exercises
    MTB
    0
    Buys (3M)
    0
    Buys (12M)
    No open market insider purchases found.
    Open market purchases · includes direct & indirect ownership · excludes option exercises

    Open market purchases · includes direct & indirect ownership · excludes option exercises.

    Insider Selling Activity

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    INTC
    2
    Sells (3M)
    3
    Sells (12M)
    Total value (12M): $7.47M
    CHANDRASEKARAN NAGASUBRAMANIYAN
    Chief Technology Officer
    $2.49M
    @ $118.28 · 2026-05-29
    MILLER BOISE APRIL
    Officer
    $4.01M
    @ $99.53 · 2026-05-01
    MILLER BOISE APRIL
    Officer
    $981,000
    @ $49.05 · 2026-02-02
    HOLTHAUS MICHELLE JOHNSTON
    General Counsel
    $650,000
    @ $26.00 · 2024-11-07
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
    MTB
    3
    Sells (3M)
    14
    Sells (12M)
    Total value (12M): $16.55M
    PEARSON KEVIN J
    Officer
    $5.27M
    @ $225.50 · 2026-06-09
    PEARSON KEVIN J
    Officer
    $440,000
    @ $220.00 · 2026-06-04
    KAY CHRISTOPHER E
    Officer
    $672,232
    @ $216.50 · 2026-05-07
    WISLER MICHAEL A
    Officer
    $1.84M
    @ $223.51 · 2026-02-26
    WOODROW TRACY S
    Officer
    $246,623
    @ $234.21 · 2026-02-11
    BARNES JOHN P
    Director
    $5.00M
    @ $235.85 · 2026-02-09
    WALTERS KIRK W
    Director
    $206,676
    @ $227.37 · 2026-02-03
    TAYLOR JOHN R
    Officer
    $158,638
    @ $225.34 · 2026-02-02
    GEISEL GARY N
    Director
    $191,369
    @ $215.99 · 2026-01-28
    KAY CHRISTOPHER E
    Officer
    $1.01M
    @ $191.70 · 2025-11-26
    WOODROW TRACY S
    Officer
    $693,061
    @ $202.12 · 2025-08-29
    TAYLOR JOHN R
    Officer
    $89,502
    @ $199.78 · 2025-08-26
    D'ARCY PETER
    Officer
    $485,570
    @ $197.31 · 2025-07-22
    LEDGETT RICHARD H. JR.
    Director
    $252,178
    @ $197.48 · 2025-07-21
    KAY CHRISTOPHER E
    Officer
    $299,527
    @ $172.34 · 2025-03-12
    WOODROW TRACY S
    Officer
    $468,200
    @ $220.74 · 2024-11-26
    SALAMONE DENIS J
    Director
    $2.23M
    @ $223.41 · 2024-11-25
    WISLER MICHAEL A
    Officer
    $2.40M
    @ $213.05 · 2024-11-14
    TODARO MICHAEL J
    Officer
    $1.02M
    @ $214.10 · 2024-11-12
    PEARSON KEVIN J
    Officer
    $1.47M
    @ $195.88 · 2024-11-01
    O HARA LAURA PROSKE
    Officer
    $956,118
    @ $196.93 · 2024-10-28
    TAYLOR JOHN R
    Officer
    $280,057
    @ $195.03 · 2024-10-28
    JONES RENE F.
    Chief Executive Officer
    $4.47M
    @ $193.88 · 2024-10-28
    SALAMONE DENIS J
    Director
    $1.72M
    @ $172.03 · 2024-09-03
    TODARO MICHAEL J
    Officer
    $778,897
    @ $162.58 · 2024-08-09
    PEARSON KEVIN J
    Officer
    $989,066
    @ $162.27 · 2024-08-09
    GEISEL GARY N
    Director
    $86,249
    @ $172.50 · 2024-07-24
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

    🎭 Mr. Market's Mood

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    INTC
    FearGreed
    😏Greed(65/100)

    "Market is optimistic — be cautious and ensure you have a margin of safety"

    Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
    MTB
    FearGreed
    😏Greed(62/100)

    "Market is optimistic — be cautious and ensure you have a margin of safety"

    Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

    Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

    ⚖️ Buffett Signal

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    INTC
    Awaiting DCF Data

    The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

    DCF Margin of Safety: N/AMr. Market's Mood: Greed (65)
    MTB
    Awaiting DCF Data

    The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

    DCF Margin of Safety: N/AMr. Market's Mood: Greed (62)
    View INTC Full AnalysisView MTB Full Analysis

    Frequently Asked Questions: INTC vs MTB

    Is Intel Corporation or M&T Bank Corporation more undervalued in 2026?

    Based on our discounted cash flow model, MTB trades at a 60.5% margin of safety (intrinsic value $570 vs. price $225), compared to INTC's -1512.6% margin of safety (intrinsic $8 vs. $134).

    Which stock has a wider economic moat, Intel Corporation or M&T Bank Corporation?

    MTB scores 79/100 (Wide moat), while INTC scores 17/100 (None moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

    Is M&T Bank Corporation in financial distress?

    MTB's Altman Z-Score of 0.3 places it in the Distress zone, signaling elevated bankruptcy risk. INTC scores 2.1 (Grey zone). The Altman Z-Score is a five-factor model that predicts insolvency within two years; scores below 1.81 indicate significant distress.

    Which stock has higher return on invested capital, Intel Corporation or M&T Bank Corporation?

    MTB earns 14.7% ROIC versus INTC's 1.7%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.