Invesaro

Stocks GEHC DCF valuation

DCF valuation

What is GE HealthCare Technologies Inc. worth?

With the base-case assumptions below, a discounted cash flow model on GE HealthCare Technologies Inc.'s reported free cash flow gives $41.48 per share. The share price was $83.64 on November 10, 2026, 102% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.51B
Average free cash flow, last 5 years
$1.59B
Cash
$2.83B
balance sheet of September 30, 2026
Debt
$9.97B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
458,000,000
Revenue growth per year, last 4 years
4.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-1.0%0.5%2.0%10.0%$19.71-76%
Base4.0%3.5%2.5%9.0%$41.48-50%
Bull9.0%6.0%3.0%8.0%$82.12-2%

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%$56.95$61.65$67.39$74.56$83.79
8.0%$45.43$48.47$52.07$56.39$61.67
9.0%$36.99$39.08$41.48$44.28$47.59
10.0%$30.56$32.04$33.72$35.64$37.85
11.0%$25.50$26.58$27.80$29.16$30.71

Where the presets come from

Base: years 1 to 5 grow at GE HealthCare Technologies Inc.'s revenue growth rate over the last 4 fiscal years (4.1% 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

GE HealthCare Technologies Inc. company page