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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 $39.89 per share. The share price was $66.63 on September 25, 2026, 67% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.51B
Average free cash flow, last 5 years
$1.59B
Cash
$2.26B
balance sheet of March 31, 2026
Debt
$10.13B
balance sheet of March 31, 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%$18.13-73%
Base4.0%3.5%2.5%9.0%$39.89-40%
Bull9.0%6.0%3.0%8.0%$80.53+21%

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%$55.37$60.06$65.80$72.98$82.20
8.0%$43.84$46.89$50.49$54.81$60.08
9.0%$35.41$37.49$39.89$42.70$46.01
10.0%$28.98$30.46$32.14$34.05$36.27
11.0%$23.91$25.00$26.21$27.58$29.12

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