What is Evercore Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Evercore Inc.'s reported free cash flow gives $765.35 per share. The share price was $262.91 on September 25, 2026, 66% 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 | 6.0% | 10.0% | $479.06 | +82% |
| Base | 11.0% | 9.0% | $765.35 | +191% |
| Bull | 16.0% | 8.0% | $1,299.18 | +394% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $977.58 | $1,043.18 | $1,123.36 | $1,223.58 | $1,352.43 |
| 8.0% | $818.59 | $861.13 | $911.40 | $971.73 | $1,045.47 |
| 9.0% | $702.70 | $731.78 | $765.35 | $804.50 | $850.77 |
| 10.0% | $614.65 | $635.34 | $658.78 | $685.57 | $716.48 |
| 11.0% | $545.62 | $560.78 | $577.73 | $596.80 | $618.41 |
Where the presets come from
Base: years 1 to 5 grow at Evercore Inc.'s revenue growth rate over the last 5 fiscal years (11.2% 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