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 $142.29 per share. The share price was $56.51 on September 25, 2026, 60% 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% | $94.88 | +68% |
| Base | 4.5% | 9.0% | $142.29 | +152% |
| Bull | 9.5% | 8.0% | $234.62 | +315% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $176.06 | $186.31 | $198.84 | $214.51 | $234.65 |
| 8.0% | $150.90 | $157.55 | $165.41 | $174.84 | $186.36 |
| 9.0% | $132.50 | $137.04 | $142.29 | $148.41 | $155.64 |
| 10.0% | $118.46 | $121.69 | $125.36 | $129.54 | $134.38 |
| 11.0% | $107.41 | $109.78 | $112.43 | $115.41 | $118.78 |
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