Invesaro

Stocks BAH DCF valuation

DCF valuation

What is Booz Allen Hamilton Holding Corp worth?

With the base-case assumptions below, a discounted cash flow model on Booz Allen Hamilton Holding Corp's reported free cash flow gives $131.27 per share. The share price was $87.42 on November 10, 2026, 33% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$951M
Average free cash flow, last 5 years
$647.5M
Cash
$334M
balance sheet of September 30, 2026
Debt
$4.41B
balance sheet of September 30, 2026
Diluted shares, fiscal 2026
122,375,151
Revenue growth per year, last 5 years
7.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.5%2.5%2.0%10.0%$69.38-21%
Base7.5%5.0%2.5%9.0%$131.27+50%
Bull12.5%8.0%3.0%8.0%$254.67+191%

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%$177.27$191.36$208.57$230.08$257.74
8.0%$142.92$152.05$162.84$175.79$191.62
9.0%$117.83$124.07$131.27$139.68$149.61
10.0%$98.72$103.16$108.19$113.95$120.58
11.0%$83.71$86.96$90.60$94.70$99.33

Where the presets come from

Base: years 1 to 5 grow at Booz Allen Hamilton Holding Corp's revenue growth rate over the last 5 fiscal years (7.4% 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

Booz Allen Hamilton Holding Corp company page