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 $419.53 per share. The share price was $325.98 on November 10, 2026, 22% 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% | $245.02 | -25% |
| Base | 9.0% | 9.0% | $419.53 | +29% |
| Bull | 14.0% | 8.0% | $745.12 | +129% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $547.45 | $586.80 | $634.89 | $695.01 | $772.30 |
| 8.0% | $451.77 | $477.28 | $507.44 | $543.63 | $587.86 |
| 9.0% | $381.95 | $399.40 | $419.53 | $443.02 | $470.77 |
| 10.0% | $328.86 | $341.27 | $355.33 | $371.40 | $389.94 |
| 11.0% | $287.18 | $296.28 | $306.44 | $317.88 | $330.84 |
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