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What is Ryder System Inc worth?

With the base-case assumptions below, a discounted cash flow model on Ryder System Inc's reported free cash flow gives $73.44 per share. The share price was $235.57 on September 25, 2026, 221% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$459M
Average free cash flow, last 5 years
-$185.4M
Cash
$219M
balance sheet of June 30, 2026
Debt
$7.46B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
41,803,000
Revenue growth per year, last 5 years
8.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.5%3.0%2.0%10.0%-$19.55-108%
Base8.5%5.5%2.5%9.0%$73.44-69%
Bull13.5%8.5%3.0%8.0%$258.83+10%

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%$142.97$164.31$190.39$222.99$264.91
8.0%$91.00$104.84$121.19$140.82$164.80
9.0%$53.06$62.52$73.44$86.18$101.23
10.0%$24.19$30.92$38.55$47.26$57.32
11.0%$1.52$6.45$11.97$18.17$25.20

Where the presets come from

Base: years 1 to 5 grow at Ryder System Inc's revenue growth rate over the last 5 fiscal years (8.5% 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

Ryder System Inc company page