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DCF valuation

What is Abbott Laboratories worth?

With the base-case assumptions below, a discounted cash flow model on Abbott Laboratories's reported free cash flow gives $62.38 per share. The share price was $101.29 on September 25, 2026, 62% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$7.4B
Average free cash flow, last 5 years
$7.05B
Cash
$6.8B
balance sheet of March 31, 2026
Debt
$34.05B
balance sheet of March 31, 2026
Diluted shares, fiscal 2025
1,748,000,000
Revenue growth per year, last 5 years
5.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.0%1.0%2.0%10.0%$32.55-68%
Base5.0%4.0%2.5%9.0%$62.38-38%
Bull10.0%6.5%3.0%8.0%$118.08+17%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$83.73$90.22$98.16$108.09$120.85
8.0%$67.81$72.03$77.00$82.98$90.28
9.0%$56.18$59.06$62.38$66.26$70.84
10.0%$47.31$49.35$51.68$54.33$57.39
11.0%$40.33$41.83$43.51$45.39$47.53

Where the presets come from

Base: years 1 to 5 grow at Abbott Laboratories's revenue growth rate over the last 5 fiscal years (5.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Abbott Laboratories company page