What is Factset Research Systems Inc worth?
With the base-case assumptions below, a discounted cash flow model on Factset Research Systems Inc's reported free cash flow gives $346.38 per share. The share price was $273.08 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 | 4.0% | 10.0% | $201.11 | -26% |
| Base | 9.0% | 9.0% | $346.38 | +27% |
| Bull | 14.0% | 8.0% | $617.41 | +126% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $452.86 | $485.62 | $525.66 | $575.70 | $640.04 |
| 8.0% | $373.21 | $394.45 | $419.56 | $449.68 | $486.50 |
| 9.0% | $315.10 | $329.62 | $346.38 | $365.93 | $389.04 |
| 10.0% | $270.90 | $281.23 | $292.93 | $306.31 | $321.75 |
| 11.0% | $236.21 | $243.78 | $252.24 | $261.76 | $272.55 |
Where the presets come from
Base: years 1 to 5 grow at Factset Research Systems Inc's revenue growth rate over the last 5 fiscal years (9.2% 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