What is RingCentral, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on RingCentral, Inc.'s reported free cash flow gives $202.87 per share. The share price was $72.12 on November 10, 2026, 64% 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% | $119.39 | +66% |
| Base | 15.0% | 9.0% | $202.87 | +181% |
| Bull | 20.0% | 8.0% | $358.31 | +397% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $266.07 | $285.78 | $309.86 | $339.97 | $378.68 |
| 8.0% | $218.59 | $231.37 | $246.47 | $264.60 | $286.75 |
| 9.0% | $184.05 | $192.78 | $202.87 | $214.63 | $228.53 |
| 10.0% | $157.85 | $164.07 | $171.11 | $179.16 | $188.44 |
| 11.0% | $137.36 | $141.91 | $147.00 | $152.73 | $159.22 |
Where the presets come from
Base: years 1 to 5 grow at RingCentral, Inc.'s revenue growth rate over the last 5 fiscal years (16.3% 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