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DCF valuation

What is Pricesmart Inc worth?

With the base-case assumptions below, a discounted cash flow model on Pricesmart Inc's reported free cash flow gives $80.55 per share. The share price was $165.91 on November 9, 2026, 106% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$96.4M
Average free cash flow, last 5 years
$70.9M
Cash
$220.8M
balance sheet of August 31, 2026
Debt
$167.5M
balance sheet of August 31, 2026
Diluted shares, fiscal 2026
30,244,000
Revenue growth per year, last 5 years
10.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear5.0%3.5%2.0%10.0%$49.96-70%
Base10.0%6.5%2.5%9.0%$80.55-51%
Bull15.0%9.0%3.0%8.0%$137.62-17%

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%$103.11$110.06$118.56$129.19$142.85
8.0%$86.22$90.73$96.06$102.46$110.28
9.0%$73.91$76.99$80.55$84.70$89.61
10.0%$64.55$66.74$69.23$72.07$75.35
11.0%$57.21$58.82$60.61$62.63$64.92

Where the presets come from

Base: years 1 to 5 grow at Pricesmart Inc's revenue growth rate over the last 5 fiscal years (10.2% 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

Pricesmart Inc company page