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DCF valuation

What is John Wiley & Sons, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on John Wiley & Sons, Inc.'s reported free cash flow gives $22.82 per share. The share price was $47.77 on September 25, 2026, 109% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$209.4M
Average free cash flow, last 5 years
$185.6M
Cash
$106.4M
balance sheet of July 31, 2026
Debt
$1.29B
balance sheet of July 31, 2026
Diluted shares, fiscal 2026
53,247,000
Revenue growth per year, last 5 years
-2.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-8.0%-3.0%2.0%10.0%$6.16-87%
Base-3.0%-0.0%2.5%9.0%$22.82-52%
Bull2.0%2.5%3.0%8.0%$53.89+13%

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%$34.08$37.42$41.50$46.60$53.16
8.0%$25.75$27.92$30.48$33.55$37.30
9.0%$19.63$21.11$22.82$24.81$27.17
10.0%$14.93$15.99$17.18$18.54$20.12
11.0%$11.22$11.99$12.85$13.82$14.92

Where the presets come from

Base: years 1 to 5 grow at John Wiley & Sons, Inc.'s revenue growth rate over the last 5 fiscal years (-2.9% 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

John Wiley & Sons, Inc. company page