What is Ziff Davis, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Ziff Davis, Inc.'s reported free cash flow gives $137.45 per share. The share price was $51.14 on November 10, 2026, 63% 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 | -0.5% | 10.0% | $90.04 | +76% |
| Base | 4.5% | 9.0% | $137.45 | +169% |
| Bull | 9.5% | 8.0% | $229.77 | +349% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $171.22 | $181.47 | $194.00 | $209.67 | $229.81 |
| 8.0% | $146.06 | $152.71 | $160.57 | $170.00 | $181.52 |
| 9.0% | $127.66 | $132.20 | $137.45 | $143.57 | $150.80 |
| 10.0% | $113.62 | $116.85 | $120.51 | $124.70 | $129.53 |
| 11.0% | $102.56 | $104.93 | $107.58 | $110.56 | $113.94 |
Where the presets come from
Base: years 1 to 5 grow at Ziff Davis, Inc.'s revenue growth rate over the last 5 fiscal years (4.6% 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