What is Blue Owl Capital Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Blue Owl Capital Inc.'s reported free cash flow gives $54.64 per share. The share price was $10.21 on November 10, 2026, 81% below 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% | $31.17 | +205% |
| Base | 15.0% | 9.0% | $54.64 | +435% |
| Bull | 20.0% | 8.0% | $98.35 | +863% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $72.41 | $77.95 | $84.72 | $93.19 | $104.07 |
| 8.0% | $59.06 | $62.66 | $66.90 | $72.00 | $78.23 |
| 9.0% | $49.35 | $51.81 | $54.64 | $57.95 | $61.86 |
| 10.0% | $41.98 | $43.73 | $45.71 | $47.97 | $50.59 |
| 11.0% | $36.22 | $37.50 | $38.93 | $40.54 | $42.37 |
Where the presets come from
Base: years 1 to 5 grow at Blue Owl Capital Inc.'s revenue growth rate over the last 5 fiscal years (63.0% 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