What is U S Physical Therapy Inc worth?
With the base-case assumptions below, a discounted cash flow model on U S Physical Therapy Inc's reported free cash flow gives $105.44 per share. The share price was $84.84 on September 25, 2026, 20% 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 | 8.0% | 10.0% | $59.19 | -30% |
| Base | 13.0% | 9.0% | $105.44 | +24% |
| Bull | 18.0% | 8.0% | $191.62 | +126% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $140.09 | $150.85 | $164.00 | $180.44 | $201.58 |
| 8.0% | $114.09 | $121.07 | $129.32 | $139.21 | $151.31 |
| 9.0% | $95.16 | $99.93 | $105.44 | $111.86 | $119.45 |
| 10.0% | $80.79 | $84.19 | $88.03 | $92.43 | $97.50 |
| 11.0% | $69.54 | $72.03 | $74.81 | $77.93 | $81.48 |
Where the presets come from
Base: years 1 to 5 grow at U S Physical Therapy Inc's revenue growth rate over the last 5 fiscal years (13.0% 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