MFG Fair Value, page-128

the important thing about MFG is it is extremely easy to understand...
It's not some new technology or some drug which you need a medical degree to make sense of
It is a fund manager that uses the Peter Lynch or Warren Buffett stock picking method and it's fortunes are determined by Funds under Management.
the other thing you need to know is that it's main fund, the Magellan Global fund has beaten the index 8 out 11 times ie it has not beaten the index 3 times in 2016 and 2020 and 2021


From this you can reasonably assume if the funds outperform the index once again that Funds under Management will increase, MFG's earnings will increase and so too will the share price go up eventually
Thirdly, you need to know that it virtually has no debt. It is very hard to go broke when you don't have any debt.
Finally, using a "ROE / expected rate of return x book value" the company is extremely undervalued. If you check out my calculation in the above post you can see intrinsic value is $33.09 and then add a margin of safety of 25% you get $24.82.
The price today is $21.24
Bargain
if it goes lower and even bigger bargain.