What is State Street Corp worth?
With the base-case assumptions below, a discounted cash flow model on State Street Corp's reported free cash flow gives $644.27 per share. The share price was $171.62 on November 10, 2026, 73% 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 | -1.5% | 10.0% | $411.28 | +140% |
| Base | 3.5% | 9.0% | $644.27 | +275% |
| Bull | 8.5% | 8.0% | $1,108.69 | +546% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $813.04 | $864.12 | $926.56 | $1,004.61 | $1,104.95 |
| 8.0% | $687.43 | $720.56 | $759.71 | $806.69 | $864.12 |
| 9.0% | $595.48 | $618.13 | $644.27 | $674.76 | $710.80 |
| 10.0% | $525.30 | $541.41 | $559.67 | $580.53 | $604.60 |
| 11.0% | $470.01 | $481.82 | $495.02 | $509.86 | $526.69 |
Where the presets come from
Base: years 1 to 5 grow at State Street Corp's revenue growth rate over the last 5 fiscal years (3.6% 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