What is Meta Platforms, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Meta Platforms, Inc.'s reported free cash flow gives $563.70 per share. The share price was $641.20 on November 10, 2026, 14% 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 | 10.0% | 10.0% | $331.46 | -48% |
| Base | 15.0% | 9.0% | $563.70 | -12% |
| Bull | 20.0% | 8.0% | $996.14 | +55% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $739.53 | $794.36 | $861.37 | $945.13 | $1,052.82 |
| 8.0% | $607.44 | $643.00 | $685.02 | $735.44 | $797.07 |
| 9.0% | $511.34 | $535.65 | $563.70 | $596.42 | $635.10 |
| 10.0% | $438.47 | $455.76 | $475.35 | $497.74 | $523.58 |
| 11.0% | $381.45 | $394.12 | $408.29 | $424.22 | $442.28 |
Where the presets come from
Base: years 1 to 5 grow at Meta Platforms, Inc.'s revenue growth rate over the last 5 fiscal years (18.5% 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