Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$60.75
-30.15% vs spot
Sell
Spot price
$86.97
Mkt cap $149.58B
subtle cardAnalyst PT consensus
$87.67
+0.80% vs spot
subtle cardMethods covered
19 / 21
10 in blend
subtle cardFootball field
IBKR · fair-value range by method
Method comparison
IBKR · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $319.16 | $244.89 – $516.51 | +266.98% | 5.6% | WACC 10.4%, g₀=7.2%, gₗ=7.0% | high |
| DCF · FCFE | dcf | $238.86 | $182.72 – $388.03 | +174.65% | 11.1% | kₑ 10.4%, g₀=7.2%, gₗ=7.0% | high |
| DDM · Gordon | ddm | $2.67 | $2.06 – $3.81 | -96.93% | 11.1% | D₁ 0.08, kₑ 10.4%, gₗ 7.0% | med |
| DDM · H-model | ddm | $2.69 | $2.06 – $4.37 | -96.90% | — | D₀ 0.08, g₀=7.2%, gₗ=7.0%, H 5y | med |
| DDM · multi-stage | ddm | $2.68 | $2.28 – $3.08 | -96.92% | 11.1% | 5y schedule 7.2% → 7.0%, kₑ 10.4% | high |
| Residual income | income | $11.27 | $9.92 – $12.62 | -87.04% | 20.0% | BV 12.80, ROE 4.8% → kₑ | high |
| EVA / MVA | income | $112.79 | $99.26 – $126.33 | +29.69% | 6.7% | IC 15.5B, WACC 10.4% | high |
| Excess returns | income | $14.71 | $12.94 – $16.47 | -83.09% | 13.3% | BV 12.80, ROE 4.8% | high |
| Justified P/E | multiple | $10.15 | $8.63 – $11.68 | -88.33% | 6.7% | Fair P/E 4.6 (payout 14%, kₑ 10.4%, g 7.2%) | med |
| P/E · sector | multiple | $31.08 | $27.35 – $34.81 | -64.26% | 8.9% | EPS 2.22 × peer P/E 14.0 | med |
| P/S · sector | multiple | $19.20 | $16.32 – $22.07 | -77.93% | — | Rev/sh 6.40 × peer P/S 3.00 | med |
| EV / EBITDA | multiple | $59.92 | $52.73 – $67.11 | -31.11% | — | EBITDA × peer 10.0× − ND -4.9B | high |
| EV / EBIT | multiple | $69.11 | $58.74 – $79.48 | -20.53% | — | EBIT × peer 12.0× − ND | med |
| EV / Sales | multiple | $19.41 | $16.50 – $22.32 | -77.68% | — | Sales × peer 2.55× − ND | med |
| PEG-anchored | multiple | $27.62 | $23.48 – $31.76 | -68.24% | — | PEG=1, fwd EPS g 12.4% | med |
| Earnings power | intrinsic | $51.54 | $45.36 – $57.73 | -40.74% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $50.00 | $42.50 – $57.50 | -42.51% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $15.91 | $13.52 – $18.29 | -81.71% | — | PE = g (7.2) | low |
| Book NAV | asset | $12.80 | $12.16 – $13.44 | -85.28% | 5.6% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | — | — | — | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g -20.0% · Pessimistic — market pricing decline | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (1.32)β | × 1.32 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 10.36% |
| Pre-tax cost of debtkd | 12.00% |
| Effective tax ratet | 8.8% |
| After-tax cost of debt | 10.94% |
| Equity weight$20.5B | 99.9% |
| Debt weight$0.0B | 0.1% |
| WACC | 10.36% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | -31.96% |
| Analyst forward EPS growthFMP | 12.44% |
| Historical 5y revenue CAGRFY | 36.59% |
| Historical 5y EPS CAGRFY | 28.67% |
| Sustainable g (ROE × retention)Δ | 4.15% |
| Blended near-term growth (g₀) | 7.16% |
| Terminal growth (gₗ) | 7.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2022-12-30)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Financial Services (live sector PE unavailable)
- FMP /price-target-consensus— mean $87.67
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.