It's a little tough to value KSU becuse its Stilwell (Janus) assets are so uniquely attractive.
Post split-off, Stilwell will be the largest, fastest growing and most profitable mutual fund company in the world.
Second best might be T. Rowe Price and Associates (TROW). I like TROW a lot, and believe its P/E of 17.5:1 next year's earnings is easily justified. TROW is more profitable than almost all high-tech companies, and carries none of their obsolescence risk.
However, I like KSU much, much more than TROW.
At 17.5 next year's EPS consensus of $5.94, Stilwell's mutual fund assets are worth $103.95 on a pre-split basis. Today, the DST stake is worth more than $14 per KSU share, and the railroad should be worth roughly $7 per share.
Add it all up, and KSU is worth at least $124.95. That is today's value, and that number is growing 15% per year, minimum.
These numbers give credibility to the contention that KSU is a screaming buy at 77 11/16.
Choose your valuation method. KSU is cheap, and going up--a lot. Based on this week's price action, the market seems to be catching on to the fact that KSU is worth a lot more than the current price.