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DCF valuation

What is Verisign Inc worth?

With the base-case assumptions below, a discounted cash flow model on Verisign Inc's reported free cash flow gives $216.63 per share. The share price was $309.31 on November 10, 2026, 43% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.07B
Average free cash flow, last 5 years
$861.7M
Cash
$206.8M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
93,800,000
Revenue growth per year, last 5 years
5.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.5%1.5%2.0%10.0%$136.49-56%
Base5.5%4.0%2.5%9.0%$216.63-30%
Bull10.5%7.0%3.0%8.0%$376.43+22%

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%$275.46$293.37$315.26$342.62$377.81
8.0%$231.60$243.21$256.94$273.41$293.55
9.0%$199.53$207.47$216.63$227.33$239.96
10.0%$175.09$180.73$187.13$194.45$202.89
11.0%$155.85$159.99$164.62$169.82$175.72

Where the presets come from

Base: years 1 to 5 grow at Verisign Inc's revenue growth rate over the last 5 fiscal years (5.5% 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

Verisign Inc company page