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DCF valuation

What is LiveRamp Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on LiveRamp Holdings, Inc.'s reported free cash flow gives $80.88 per share. The share price was $37.50 on September 25, 2026, 54% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$166.4M
Average free cash flow, last 5 years
$104.8M
Cash
$363.5M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2026
65,045,000
Revenue growth per year, last 5 years
12.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear8.0%5.0%2.0%10.0%$51.45+37%
Base13.0%8.0%2.5%9.0%$80.88+116%
Bull18.0%10.5%3.0%8.0%$135.73+262%

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%$102.94$109.79$118.16$128.62$142.07
8.0%$86.39$90.83$96.08$102.38$110.08
9.0%$74.34$77.38$80.88$84.97$89.80
10.0%$65.20$67.36$69.80$72.60$75.83
11.0%$58.03$59.62$61.39$63.38$65.63

Where the presets come from

Base: years 1 to 5 grow at LiveRamp Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (12.9% 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

LiveRamp Holdings, Inc. company page