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DCF valuation

What is General Electric Co worth?

With the base-case assumptions below, a discounted cash flow model on General Electric Co's reported free cash flow gives $61.90 per share. The share price was $327.09 on September 25, 2026, 428% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$7.26B
Average free cash flow, last 5 years
$4.41B
Cash
$9.35B
balance sheet of June 30, 2026
Debt
$17.16B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
1,068,000,000
Revenue growth per year, last 5 years
-9.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%$36.61-89%
Base-5.0%-1.0%2.5%9.0%$61.90-81%
Bull0.0%1.5%3.0%8.0%$109.04-67%

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%$78.73$83.68$89.73$97.29$107.01
8.0%$66.31$69.52$73.32$77.87$83.43
9.0%$57.17$59.37$61.90$64.85$68.35
10.0%$50.15$51.71$53.48$55.50$57.83
11.0%$44.58$45.73$47.01$48.44$50.07

Where the presets come from

Base: years 1 to 5 grow at General Electric Co's revenue growth rate over the last 5 fiscal years (-9.6% 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

General Electric Co company page