Invesaro

Stocks G DCF valuation

DCF valuation

What is Genpact LTD worth?

With the base-case assumptions below, a discounted cash flow model on Genpact LTD's reported free cash flow gives $79.23 per share. The share price was $43.12 on November 10, 2026, 46% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$734.7M
Average free cash flow, last 5 years
$547.3M
Cash
$499.1M
balance sheet of September 30, 2026
Debt
$1.17B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
176,646,644
Revenue growth per year, last 5 years
6.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%$48.09+12%
Base6.5%4.5%2.5%9.0%$79.23+84%
Bull11.5%7.5%3.0%8.0%$141.32+228%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$102.23$109.25$117.84$128.57$142.36
8.0%$85.07$89.62$95.00$101.46$109.35
9.0%$72.52$75.64$79.23$83.42$88.37
10.0%$62.97$65.18$67.69$70.56$73.87
11.0%$55.45$57.08$58.89$60.93$63.25

Where the presets come from

Base: years 1 to 5 grow at Genpact LTD's revenue growth rate over the last 5 fiscal years (6.5% 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

Genpact LTD company page