What is Xerox Holdings Corp worth?
With the base-case assumptions below, a discounted cash flow model on Xerox Holdings Corp's reported free cash flow gives -$8.61 per share. The share price was $1.07 on November 10, 2026, 112% 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 | -5.0% | 10.0% | -$16.21 | -1,615% |
| Base | 0.0% | 9.0% | -$8.61 | -904% |
| Bull | 5.0% | 8.0% | $5.58 | +422% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$3.35 | -$1.78 | $0.15 | $2.56 | $5.65 |
| 8.0% | -$7.25 | -$6.23 | -$5.02 | -$3.57 | -$1.80 |
| 9.0% | -$10.11 | -$9.41 | -$8.61 | -$7.67 | -$6.56 |
| 10.0% | -$12.30 | -$11.80 | -$11.24 | -$10.60 | -$9.85 |
| 11.0% | -$14.03 | -$13.66 | -$13.26 | -$12.80 | -$12.28 |
Where the presets come from
Base: years 1 to 5 grow at Xerox Holdings Corp's revenue growth rate over the last 5 fiscal years (0.0% 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