What is Texas Instruments Inc worth?
With the base-case assumptions below, a discounted cash flow model on Texas Instruments Inc's reported free cash flow gives $39.29 per share. The share price was $299.54 on November 10, 2026, 662% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -1.0% | 10.0% | $20.41 | -93% |
| Base | 4.0% | 9.0% | $39.29 | -87% |
| Bull | 9.0% | 8.0% | $74.55 | -75% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $52.72 | $56.79 | $61.77 | $68.00 | $76.00 |
| 8.0% | $42.72 | $45.36 | $48.48 | $52.23 | $56.81 |
| 9.0% | $35.40 | $37.21 | $39.29 | $41.73 | $44.60 |
| 10.0% | $29.82 | $31.11 | $32.56 | $34.23 | $36.15 |
| 11.0% | $25.43 | $26.37 | $27.42 | $28.61 | $29.95 |
Where the presets come from
Base: years 1 to 5 grow at Texas Instruments Inc's revenue growth rate over the last 5 fiscal years (4.1% 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