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DCF valuation

What is ServiceTitan, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on ServiceTitan, Inc.'s reported free cash flow gives $42.90 per share. The share price was $58.05 on September 25, 2026, 35% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$105.4M
Average free cash flow, last 4 years
-$31M
Cash
$479.5M
balance sheet of July 31, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2026
92,378,699
Revenue growth per year, last 3 years
27.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$28.10-52%
Base15.0%9.0%2.5%9.0%$42.90-26%
Bull20.0%11.5%3.0%8.0%$70.45+21%

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%$54.10$57.59$61.86$67.20$74.06
8.0%$45.68$47.95$50.63$53.84$57.76
9.0%$39.56$41.11$42.90$44.98$47.45
10.0%$34.92$36.02$37.27$38.69$40.34
11.0%$31.29$32.09$33.00$34.01$35.16

Where the presets come from

Base: years 1 to 5 grow at ServiceTitan, Inc.'s revenue growth rate over the last 3 fiscal years (27.1% 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

ServiceTitan, Inc. company page