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What is GE Vernova Inc. worth?

With the base-case assumptions below, a discounted cash flow model on GE Vernova Inc.'s reported free cash flow gives $339.09 per share. The share price was $957.63 on September 25, 2026, 182% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$3.71B
Average free cash flow, last 4 years
$1.31B
Cash
$13.12B
balance sheet of June 30, 2026
Debt
$2.85B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
276,000,000
Revenue growth per year, last 3 years
8.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.5%3.0%2.0%10.0%$225.25-76%
Base8.5%5.5%2.5%9.0%$339.09-65%
Bull13.5%8.5%3.0%8.0%$566.04-41%

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%$424.21$450.33$482.26$522.18$573.49
8.0%$360.58$377.52$397.55$421.57$450.94
9.0%$314.14$325.72$339.09$354.68$373.11
10.0%$278.80$287.04$296.37$307.04$319.35
11.0%$251.04$257.08$263.83$271.43$280.03

Where the presets come from

Base: years 1 to 5 grow at GE Vernova Inc.'s revenue growth rate over the last 3 fiscal years (8.7% 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 Vernova Inc. company page