What is Root, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Root, Inc.'s reported free cash flow gives $422.31 per share. The share price was $43.52 on November 9, 2026, 90% 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% | $265.74 | +511% |
| Base | 15.0% | 9.0% | $422.31 | +870% |
| Bull | 20.0% | 8.0% | $713.83 | +1,540% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $540.84 | $577.80 | $622.97 | $679.44 | $752.04 |
| 8.0% | $451.80 | $475.76 | $504.09 | $538.08 | $579.63 |
| 9.0% | $387.01 | $403.40 | $422.31 | $444.37 | $470.44 |
| 10.0% | $337.88 | $349.54 | $362.74 | $377.84 | $395.26 |
| 11.0% | $299.44 | $307.99 | $317.54 | $328.28 | $340.45 |
Where the presets come from
Base: years 1 to 5 grow at Root, Inc.'s revenue growth rate over the last 5 fiscal years (34.3% 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