What is Iqvia Holdings Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Iqvia Holdings Inc.'s reported free cash flow gives $170.71 per share. The share price was $275.15 on November 10, 2026, 61% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 2.5% | 10.0% | $76.57 | -72% |
| Base | 7.5% | 9.0% | $170.71 | -38% |
| Bull | 12.5% | 8.0% | $358.43 | +30% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $240.69 | $262.11 | $288.29 | $321.02 | $363.09 |
| 8.0% | $188.43 | $202.32 | $218.73 | $238.43 | $262.51 |
| 9.0% | $150.26 | $159.75 | $170.71 | $183.50 | $198.61 |
| 10.0% | $121.20 | $127.95 | $135.61 | $144.35 | $154.45 |
| 11.0% | $98.36 | $103.31 | $108.85 | $115.07 | $122.13 |
Where the presets come from
Base: years 1 to 5 grow at Iqvia Holdings Inc.'s revenue growth rate over the last 5 fiscal years (7.5% 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