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 $39.19 per share. The share price was $31.39 on November 10, 2026, 20% 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% | $24.77 | -21% |
| Base | 7.0% | 9.0% | $39.19 | +25% |
| Bull | 12.0% | 8.0% | $66.08 | +111% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $49.62 | $52.82 | $56.72 | $61.61 | $67.88 |
| 8.0% | $41.83 | $43.90 | $46.35 | $49.29 | $52.88 |
| 9.0% | $36.13 | $37.55 | $39.19 | $41.09 | $43.35 |
| 10.0% | $31.80 | $32.81 | $33.95 | $35.25 | $36.76 |
| 11.0% | $28.39 | $29.13 | $29.95 | $30.88 | $31.94 |
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