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Stocks ARHS DCF valuation

DCF valuation

What is Arhaus, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Arhaus, Inc.'s reported free cash flow gives $16.03 per share. The share price was $14.89 on November 10, 2026, 7% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$59M
Average free cash flow, last 5 years
$58.8M
Cash
$318M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
141,412,481
Revenue growth per year, last 4 years
28.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$10.62-29%
Base15.0%9.0%2.5%9.0%$16.03+8%
Bull20.0%11.5%3.0%8.0%$26.10+75%

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%$20.12$21.40$22.96$24.91$27.42
8.0%$17.05$17.87$18.85$20.03$21.46
9.0%$14.81$15.38$16.03$16.79$17.69
10.0%$13.11$13.52$13.97$14.49$15.09
11.0%$11.79$12.08$12.41$12.78$13.20

Where the presets come from

Base: years 1 to 5 grow at Arhaus, Inc.'s revenue growth rate over the last 4 fiscal years (28.4% 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

Arhaus, Inc. company page