FDS · Intrinsic value
Is FactSet Research Systems Inc. (FDS) overvalued or undervalued?
FactSet Research Systems Inc. (FDS) trades at the delayed market price of $300.25 a share. That price already implies revenue growth of 7.7% a year for 5 years. TickerWorth's fair value is $269.34 a share (priced within our range of $151.31 – $329.32). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is FDS fairly valued?
- Fair value
- $269.34
- Market price
- $300.25
- Downside to fair value
- 10.3%
- Verdict
- Priced within our range of $151.31 – $329.32
Reverse DCF: Today's price implies revenue growth of 7.7% a year for 5 years; our model assumes 5.6% a year on average over the same horizon.
What is FDS's TickerWorth Score?
Scores lower than most companies we compare it with
Compared with Financial Services companies in US
Its strongest point: recent price trend has been strong. Its weakest: balance sheet looks stretched.
- Value · 40 of 100
Cheaper than 40% of Financial Services companies in US
- Price vs worth · 42 of 100
- Quality · 53 of 100
More profitable than 53% of Financial Services companies in US
- Financial health · 26 of 100
Financially stronger than 26% of Financial Services companies in US
- Growth · 37 of 100
Growing faster than 37% of Financial Services companies in US
- Momentum · 78 of 100
Outperformed 78% of Financial Services companies in US over the past year
Confidence: High confidence · Scored
Get the Undervalued Company of the Week.
FDS DCF valuation, input by input
TickerWorth's fair value for FactSet Research Systems Inc. (FDS) is $269.34 a share, against the delayed market price of $300.25 (priced within our range of $151.31 – $329.32). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values FDS at about $275.14 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts FactSet Research Systems Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 8.3%, with a long-run terminal growth rate of 2.5%. About 76% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 7.7% annual revenue growth for FDS. Our base case instead compounds to about 5.6% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, FDS's modeled DCF value ranges from about $190.74 to $485.84 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what FactSet Research Systems Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of FDS's intrinsic value. Figures update as new filings and prices come in.
Every input behind FDS's DCF
| Input | Value |
|---|---|
| Base-year revenueFACTSET RESEARCH SYSTEMS INC. FY2025 10-K (accession 0001628280-25-045769): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $2,321,750,000 |
| Base EBIT marginFACTSET RESEARCH SYSTEMS INC. FY2025 10-K (accession 0001628280-25-045769): us-gaap:OperatingIncomeLoss 748,303,000 / revenue 2,321,748,000 = 32.23%, FY2025. | 32.2% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 7% → 6% → 6% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.77 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesFACTSET RESEARCH SYSTEMS INC. FY2025 10-K (accession 0001628280-25-045769): WeightedAverageNumberOfDilutedSharesOutstanding = 38,385,000 shares, FY2025. | 38M |
| Market priceLast known price · as of 2026-10-19 17:43 UTC | $300.25 |
Change FDS's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does FactSet Research Systems Inc. do?
What does it do?
FactSet Research Systems Inc., together with its subsidiaries, operates as a financial digital platform and enterprise solutions provider for the investment community. It offers data, products, and analytical applications; and workstations, portfolio analytics, and enterprise data solutions, as well as managed services for supporting data, performance, risk, and reporting workflows. It operates in the Financial Data & Stock Exchanges industry (Financial Services sector), headquartered in United States.
How does it make money?
The business turns $2.3B in annual revenue into profit. Out of every $100 of sales, about $25 is left as operating profit (operating margin of 24.7%), after a 51% gross margin on the products/services it sells. After all costs, taxes and interest, 21.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries modest debt (0.8× equity), may struggle to cover its short-term bills (0.6× current ratio), and is currently profitable.
Who at FDS filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Viswanathan Sanoke | Director, Chief Executive Officer | Shares withheld (tax) | $2,229,327.30 | Form 4 for Viswanathan Sanoke (opens sec.gov in a new tab) | |
| Warren Joshua | EVP, Chief Financial Officer | Grant / award | — | Form 4 for Warren Joshua (opens sec.gov in a new tab) | |
| Moskoff Gregory T | MD,Controller and CAO | Shares withheld (tax) | $667.86 | Form 4 for Moskoff Gregory T (opens sec.gov in a new tab) | |
| Moskoff Gregory T | MD,Controller and CAO | Shares withheld (tax) | $1,017.44 | Form 4 for Moskoff Gregory T (opens sec.gov in a new tab) | |
| HYLTON LAURIE G | Director | Grant / award | — | Form 4 for HYLTON LAURIE G (opens sec.gov in a new tab) | |
| Shavel Lee | Director | Grant / award | — | Form 4 for Shavel Lee (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is FDS's intrinsic value?
TickerWorth's blended fair value for FactSet Research Systems Inc. (FDS) is $269.34 per share, versus a market price of $300.25 (priced within our range of $151.31 – $329.32).
Is FDS overvalued or undervalued?
Priced within our range of $151.31 – $329.32 at $300.25. We don't call FDS overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for FDS?
A WACC of 8.3% and a terminal growth rate of 2.5%.
Is FactSet Research Systems stock undervalued?
TickerWorth's fair value for FactSet Research Systems Inc. (FDS) is $269.34 against a market price of $300.25. Our read: Priced within our range of $151.31 – $329.32. This is a model estimate, not investment advice.
FactSet Research Systems (FDS) DCF valuation and fair value
Our fair value for FactSet Research Systems Inc. (FDS) is $269.34, built on a 8.3% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into FactSet Research Systems stock?
Today's price implies revenue growth of 7.7% a year for 5 years; our model assumes 5.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $300.25. A model estimate, not investment advice.
FactSet Research Systems (FDS) insider trading
The most recent insider filing (SEC Form 4) for FactSet Research Systems Inc. (FDS): Viswanathan Sanoke, Director, Chief Executive Officer, shares withheld (tax) on 2026-09-22. The latest filings are listed on this page. A disclosure, not a signal to trade.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.