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DCF valuation

What is Huron Consulting Group Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Huron Consulting Group Inc.'s reported free cash flow gives $279.87 per share. The share price was $161.57 on November 9, 2026, 42% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$183M
Average free cash flow, last 5 years
$116.3M
Cash
$25.6M
balance sheet of September 30, 2026
Debt
$813.9M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
17,991,000
Revenue growth per year, last 5 years
14.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear9.5%6.0%2.0%10.0%$156.19-3%
Base14.5%8.5%2.5%9.0%$279.87+73%
Bull19.5%11.5%3.0%8.0%$526.17+226%

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%$375.50$405.26$441.63$487.10$545.56
8.0%$303.70$323.00$345.81$373.18$406.64
9.0%$251.45$264.64$279.87$297.63$318.63
10.0%$211.81$221.19$231.83$243.98$258.01
11.0%$180.78$187.66$195.34$203.99$213.80

Where the presets come from

Base: years 1 to 5 grow at Huron Consulting Group Inc.'s revenue growth rate over the last 5 fiscal years (14.3% 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

Huron Consulting Group Inc. company page