What is CBIZ, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on CBIZ, Inc.'s reported free cash flow gives $68.95 per share. The share price was $54.68 on September 25, 2026, 21% 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 | 10.0% | 10.0% | $32.97 | -40% |
| Base | 15.0% | 9.0% | $68.95 | +26% |
| Bull | 20.0% | 8.0% | $135.95 | +149% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $96.19 | $104.69 | $115.07 | $128.05 | $144.74 |
| 8.0% | $75.73 | $81.24 | $87.75 | $95.56 | $105.11 |
| 9.0% | $60.84 | $64.60 | $68.95 | $74.02 | $80.01 |
| 10.0% | $49.55 | $52.23 | $55.26 | $58.73 | $62.73 |
| 11.0% | $40.71 | $42.68 | $44.87 | $47.34 | $50.14 |
Where the presets come from
Base: years 1 to 5 grow at CBIZ, Inc.'s revenue growth rate over the last 5 fiscal years (23.4% 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