What is Barrett Business Services Inc worth?
With the base-case assumptions below, a discounted cash flow model on Barrett Business Services Inc's reported free cash flow gives $38.46 per share. The share price was $31.14 on September 25, 2026, 19% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 2.0% | 10.0% | $24.04 | -23% |
| Base | 7.0% | 9.0% | $38.46 | +23% |
| Bull | 12.0% | 8.0% | $65.35 | +110% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $48.90 | $52.09 | $56.00 | $60.88 | $67.15 |
| 8.0% | $41.10 | $43.17 | $45.62 | $48.56 | $52.15 |
| 9.0% | $35.40 | $36.82 | $38.46 | $40.36 | $42.62 |
| 10.0% | $31.07 | $32.08 | $33.22 | $34.52 | $36.03 |
| 11.0% | $27.66 | $28.40 | $29.23 | $30.15 | $31.21 |
Where the presets come from
Base: years 1 to 5 grow at Barrett Business Services Inc's revenue growth rate over the last 5 fiscal years (7.1% 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