What is IT's intrinsic value?

TickerWorth's blended fair value for Gartner, Inc. (IT) is $349.92 per share, versus a market price of $205.35 (41% below fair value).

Is IT overvalued or undervalued?

On our blended fair value IT looks undervalued vs fair value at $205.35. This is an educational estimate, not advice.

What discount rate is used for IT?

A WACC of 9.2% and a terminal growth rate of 2.5%.

Is Gartner stock undervalued?

TickerWorth's fair value for Gartner, Inc. (IT) is $349.92 against a market price of $205.35. Our read: 41% below fair value. This is a model estimate, not investment advice.

Gartner (IT) DCF valuation and fair value

Our fair value for Gartner, Inc. (IT) is $349.92, built on a 9.2% 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 Gartner stock?

Today's price implies revenue growth of 0.3% a year for 5 years; our model assumes 3.1% 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 $205.35. A model estimate, not investment advice.

Gartner (IT) insider trading

The most recent insider filing (SEC Form 4) for Gartner, Inc. (IT): FUCHS ANNE SUTHERLAND, Director, other acquisition/disposition on 2026-10-01. The latest filings are listed on this page. A disclosure, not a signal to trade.

IT · Intrinsic value

Is Gartner, Inc. (IT) overvalued or undervalued?

Name: Gartner, Inc. (IT) DCF intrinsic value
Creator: TickerWorth

Gartner, Inc. (IT) trades at the delayed market price of $205.35 a share. That price already implies revenue growth of 0.3% a year for 5 years. TickerWorth's fair value is $349.92 a share (41% below fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.

Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full IT analysis

Is IT undervalued?

Fair value: $349.92
Market price: $205.35
Upside to fair value: +70.4%
Verdict: 41% below fair value

Price as of 19 Oct 2026, 13:16 UTC · Prices are delayed.

Fair value against the delayed market price: 41% below fair value.

Reverse DCF: Today's price implies revenue growth of 0.3% a year for 5 years; our model assumes 3.1% a year on average over the same horizon.

What is IT's TickerWorth Score?

A64/100

Cheap against our estimate — but a weaker business

Compared with Technology companies in US

Its strongest point: looks cheap on the numbers. Its weakest: balance sheet looks stretched.

Value · 82 of 100
Cheaper than 82% of Technology companies in US
Price vs worth · 100 of 100
Quality · 73 of 100
More profitable than 73% of Technology companies in US
Financial health · 24 of 100
Financially stronger than 24% of Technology companies in US
Growth · 26 of 100
Growing faster than 26% of Technology companies in US
Momentum · 65 of 100
Outperformed 65% of Technology companies in US over the past year

Confidence: High confidence · Scored 19 Oct 2026, 13:16 UTC

Get the Undervalued Company of the Week.

Where the numbers come from

Hand-researched model

What the modeller flagged

THE MODEL SITS ABOVE THE MARKET (~+13%) AND THAT IS A STATEMENT ABOUT AI, NOT A TARGET. Nothing was tuned toward the price. The disagreement is narrow and specific: today's price is consistent with Gartner's revenue growing only ~0.2% a year after 2026, or with the GAAP margin slipping back to ~18.2%, or with long-run growth of ~1.5% - i.e. with generative AI permanently shrinking the paid-research market. The model assumes CV recovers to low-to-mid single digits, which is what management says is happening and what has not yet been proven.
TERMINAL VALUE IS ~74% OF ENTERPRISE VALUE - just under the 75% line. The WACC +/-1.5pt by terminal growth +/-1pt grid is the honest range; +/-1pt of WACC alone spans ~$179 to ~$251.
YEAR-1 FCF IS ~20% BELOW GARTNER'S LAST REPORTED FCF ($946M modeled for FY2026 vs $1,175M reported for FY2025 and >=$1,185M guided for FY2026). Decomposed: ~$160M of stock compensation that Gartner's FCF adds back and this model keeps as a cost, plus ~$80M of acquired-intangible amortization not added back, partly offset by ~$75M of after-tax interest that Gartner's (levered) FCF deducts and unlevered FCF does not. Definitional, not a forecast that cash falls.
WHAT THE AUTOMATIC MODEL MOST LIKELY GOT WRONG (it shows ~+146%). Its data feed's trailing 'operatingMargins' for Gartner reads 22.6% - which is exactly Q2 2026's single-quarter GAAP operating margin ($378.5M / $1,675.9M), Gartner's seasonally strongest quarter; Q3 2025 ran ~15.5% ex-impairment and full-year margins are ~18-19%. Held flat for five years and capitalized, that one input alone overstates value heavily. The feed's share count (63.1M outstanding) is also lower than the 66.58M weighted diluted count used here.
Y1 GUIDANCE IS A FLOOR AND THE REVENUE BASIS IS AMBIGUOUS. 'At or above $6.375 billion' sits in an earnings supplement not filed with the SEC, and it is not stated whether it includes January's $19.4M of Digital Markets revenue; growth is +1.4% or +1.7% depending, and 1.5% is used. Gartner has beaten its floors repeatedly, so this leans conservative.
SBC of ~$156M a year (~2.4% of revenue) stays expensed inside GAAP EBIT and is not added back; the shrinking diluted count captures dilution net of buybacks.

IT DCF valuation: where the gap comes from

At a recent price of $205.35, Gartner, Inc. (IT) trades 41% below TickerWorth's blended fair value of $349.92 per share — a discounted-cash-flow model cross-checked against peer multiples and asset value — meaning the market currently prices IT undervalued vs our estimate of what the business is intrinsically worth. Our fair value sits above the market, an implied +70.4% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.

Read the full reasoning

One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values IT at about $209.71 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 Gartner, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 9.2%, with a long-run terminal growth rate of 2.5%. About 74% 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 0.3% annual revenue growth for IT. Our base case instead compounds to about 3.1% a year over the same forecast, so the market is pricing in slower 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, IT's modeled DCF value ranges from about $150.93 to $338.55 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 Gartner, 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 IT's intrinsic value. Figures update as new filings and prices come in.

Every input behind IT's DCF

Input	Value	Source
Base-year revenueGartner FY2025 10-K (accession 0000749251-26-000112, filed 2026-02-12): FY2025 GAAP revenue $6,497.2M (us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax) LESS the 'Other' segment $227.4M, which is entirely Gartner Digital Markets (Capterra/GetApp/Software Advice) - held for sale at year-end and SOLD on 2026-02-05 for ~$110M (10-K Note 16 and Note 19). Both figures are read off the 10-K segment table; $6,269.8M is the same basis as Gartner's own non-GAAP 'Adjusted revenues'. WHY STRIP IT: the business that is being valued no longer owns Digital Markets, and leaving its revenue in the base would make FY2026 look like a revenue DECLINE (guided ~$6.375B vs $6,497M GAAP), which would mechanically flag a healthy subscription business as a cyclical. Ex-DM growth: FY2024 $5,970.8M -> FY2025 $6,269.8M = +5.0% (Insights +5.0%, Conferences +10.5%, Consulting -1.1%). CROSS-CHECK: H1 2026 revenue ex-DM $3,167.6M vs H1 2025 ex-DM $3,098.4M = +2.2% (10-Q segment table).	$6,269,800,000	Gartner FY2025 10-K (accession 0000749251-26-000112, filed 2026-02-12): FY2025 GAAP revenue $6,497.2M (us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax) LESS the 'Other' segment $227.4M, which is entirely Gartner Digital Markets (Capterra/GetApp/Software Advice) - held for sale at year-end and SOLD on 2026-02-05 for ~$110M (10-K Note 16 and Note 19). Both figures are read off the 10-K segment table; $6,269.8M is the same basis as Gartner's own non-GAAP 'Adjusted revenues'. WHY STRIP IT: the business that is being valued no longer owns Digital Markets, and leaving its revenue in the base would make FY2026 look like a revenue DECLINE (guided ~$6.375B vs $6,497M GAAP), which would mechanically flag a healthy subscription business as a cyclical. Ex-DM growth: FY2024 $5,970.8M -> FY2025 $6,269.8M = +5.0% (Insights +5.0%, Conferences +10.5%, Consulting -1.1%). CROSS-CHECK: H1 2026 revenue ex-DM $3,167.6M vs H1 2025 ex-DM $3,098.4M = +2.2% (10-Q segment table).
Base EBIT marginESTIMATEAssumption — Gartner FY2025 10-K (accession 0000749251-26-000112, filed 2026-02-12) + Gartner Q1 2026 earnings release, 8-K Ex-99.1 (accession 0000749251-26-000165, filed 2026-05-05) and Gartner Q2 2026 earnings release, 8-K Ex-99.1 (accession 0000749251-26-000243, filed 2026-08-04) (divested-operation EBITDA): DERIVED, mostly from filed lines. FY2025 GAAP operating income $1,025.7M (us-gaap:OperatingIncomeLoss) + the $150.0M Digital Markets goodwill impairment (a one-off on a business since sold) = $1,175.7M, LESS an ESTIMATED ~$36M for Digital Markets' own profit: Gartner disclosed its divested-operation adjusted EBITDA as $11M (Q1 2025) and $6M (Q2 2025), i.e. 52% of DM's H1 2025 gross contribution of $32.5M; 52% of DM's full-year gross contribution of $68.8M (10-K Note 16) gives ~$36M. Result $1,139.7M / $6,269.8M = 18.18%. Removing DM's adjusted EBITDA rather than its (smaller) EBIT errs LOW. $74M of FY2025 workforce-reduction and other 'non-recurring' costs (1.2pt of margin) are deliberately LEFT IN: Gartner booked them in 2024 ($30M) and 2025 too. CROSS-CHECKS: H1 2026 GAAP operating income $694.6M less the $5.4M sale gain = $689.2M on $3,187.0M = 21.6% (H1 2025: 18.8%) - but H1 is Gartner's seasonally strong half (Q3 2025 ran ~15.5% ex-impairment), so the full-year comparison is the forecast's Year 1, not H1.	18.2%	ESTIMATEAssumption — Gartner FY2025 10-K (accession 0000749251-26-000112, filed 2026-02-12) + Gartner Q1 2026 earnings release, 8-K Ex-99.1 (accession 0000749251-26-000165, filed 2026-05-05) and Gartner Q2 2026 earnings release, 8-K Ex-99.1 (accession 0000749251-26-000243, filed 2026-08-04) (divested-operation EBITDA): DERIVED, mostly from filed lines. FY2025 GAAP operating income $1,025.7M (us-gaap:OperatingIncomeLoss) + the $150.0M Digital Markets goodwill impairment (a one-off on a business since sold) = $1,175.7M, LESS an ESTIMATED ~$36M for Digital Markets' own profit: Gartner disclosed its divested-operation adjusted EBITDA as $11M (Q1 2025) and $6M (Q2 2025), i.e. 52% of DM's H1 2025 gross contribution of $32.5M; 52% of DM's full-year gross contribution of $68.8M (10-K Note 16) gives ~$36M. Result $1,139.7M / $6,269.8M = 18.18%. Removing DM's adjusted EBITDA rather than its (smaller) EBIT errs LOW. $74M of FY2025 workforce-reduction and other 'non-recurring' costs (1.2pt of margin) are deliberately LEFT IN: Gartner booked them in 2024 ($30M) and 2025 too. CROSS-CHECKS: H1 2026 GAAP operating income $694.6M less the $5.4M sale gain = $689.2M on $3,187.0M = 21.6% (H1 2025: 18.8%) - but H1 is Gartner's seasonally strong half (Q3 2025 ran ~15.5% ex-impairment), so the full-year comparison is the forecast's Year 1, not H1.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	2% → 2% → 4% → 4% → 4%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateUS 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation. Shared by every model in this tracker.	5.2%	US 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation. Shared by every model in this tracker.
BetaYahoo Finance 5Y-monthly beta via yfinance, read 2026-10-05: Published 5Y-monthly beta 0.978, used as published (rounded to 0.98), no normalization. Arguments cut both ways: the 2025-26 collapse (~$540 in Jan 2025 to a $124 52-week low, then a ~31% August rally) is idiosyncratic AI-substitution risk that a market beta does not capture and that the 60 monthly points barely register (argues higher); a subscription book with ~97-99% wallet retention is less cyclical than the market (argues lower). Each 0.1 of beta is worth ~$13-15/share; a beta of ~1.17 alone closes the gap to today's price.	0.98	Yahoo Finance 5Y-monthly beta via yfinance, read 2026-10-05: Published 5Y-monthly beta 0.978, used as published (rounded to 0.98), no normalization. Arguments cut both ways: the 2025-26 collapse (~$540 in Jan 2025 to a $124 52-week low, then a ~31% August rally) is idiosyncratic AI-substitution risk that a market beta does not capture and that the 60 monthly points barely register (argues higher); a subscription book with ~97-99% wallet retention is less cyclical than the market (argues lower). Each 0.1 of beta is worth ~$13-15/share; a beta of ~1.17 alone closes the gap to today's price.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. Reasonable for a business that compounded revenue ~8% a year for a decade but is now growing ~1.5% with an open question about whether AI shrinks the paid-research market; it is ABOVE the 1.5% the market price implies (see what_market_believes). 2.0% takes ~$13/share off; 3.0% adds ~$15. Well below the ~9.15% WACC.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. Reasonable for a business that compounded revenue ~8% a year for a decade but is now growing ~1.5% with an open question about whether AI shrinks the paid-research market; it is ABOVE the 1.5% the market price implies (see what_market_believes). 2.0% takes ~$13/share off; 3.0% adds ~$15. Well below the ~9.15% WACC.
Diluted sharesGartner Q2 2026 10-Q (accession 0000749251-26-000245, filed 2026-08-04): Q2 2026 weighted-average diluted shares 66,581K (H1 2026 68,288K; FY2025 75,605K; Q2 2025 77,359K) - down 14% in a year on $2.0B of buybacks in 2025 and $1.08B in H1 2026 (6.94M shares at an average $153.49). THIS IS CONSERVATIVE: the CFO said Gartner 'exited Q2 with about 64 million fully diluted shares', and the cash for those Q2 repurchases has already left the June 30 balance sheet used for net debt, so the weighted count charges part of the buyback twice. Using 64.0M would give ~$218/share instead. No credit is given for future buybacks (~$1.2B authorization outstanding).	67M	Gartner Q2 2026 10-Q (accession 0000749251-26-000245, filed 2026-08-04): Q2 2026 weighted-average diluted shares 66,581K (H1 2026 68,288K; FY2025 75,605K; Q2 2025 77,359K) - down 14% in a year on $2.0B of buybacks in 2025 and $1.08B in H1 2026 (6.94M shares at an average $153.49). THIS IS CONSERVATIVE: the CFO said Gartner 'exited Q2 with about 64 million fully diluted shares', and the cash for those Q2 repurchases has already left the June 30 balance sheet used for net debt, so the weighted count charges part of the buyback twice. Using 64.0M would give ~$218/share instead. No credit is given for future buybacks (~$1.2B authorization outstanding).
Market priceDelayed quote · as of 2026-10-19 13:16 UTC	$205.35	Delayed quote · as of 2026-10-19 13:16 UTC

Change IT's assumptions

The discount-rate dial and the editable model

Pro

Change growth, margin and WACC yourself — Pro (7-day free trial, card required).

Start free trial Try it on Apple

What does Gartner, Inc. do?

What does it do?

Gartner, Inc. provides business and technology insights to support decision-making and performance on an organization's mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates in the Information Technology Services industry (Technology sector), headquartered in United States. The company employs roughly 19,285 people.

How does it make money?

The business turns $6.5B in annual revenue into profit. Out of every $100 of sales, about $23 is left as operating profit (operating margin of 22.6%), after a 70% gross margin on the products/services it sells. After all costs, taxes and interest, 12.0% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks stretched: may struggle to cover its short-term bills (0.9× current ratio), and is currently profitable.

Who at IT filed insider trades?

Recent insider filings for Gartner, Inc.
Date	Insider	Relationship	What happened	Value	Filing
1 Oct 2026	FUCHS ANNE SUTHERLAND	Director	Other acquisition/disposition	—	Form 4 for FUCHS ANNE SUTHERLAND (opens sec.gov in a new tab)
1 Oct 2026	GUTIERREZ JOSE M	Director	Other acquisition/disposition	—	Form 4 for GUTIERREZ JOSE M (opens sec.gov in a new tab)
1 Oct 2026	GRABE WILLIAM O	Director	Other acquisition/disposition	—	Form 4 for GRABE WILLIAM O (opens sec.gov in a new tab)
1 Oct 2026	CESAN RAUL E	Director	Other acquisition/disposition	—	Form 4 for CESAN RAUL E (opens sec.gov in a new tab)
11 Sept 2026	GRABE WILLIAM O	Director	Gift	—	Form 4 for GRABE WILLIAM O (opens sec.gov in a new tab)
31 Aug 2026	Kranich Robin B	EVP & CHRO	Other acquisition/disposition	$5,834.20	Form 4 for Kranich Robin B (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 IT's intrinsic value?
TickerWorth's blended fair value for Gartner, Inc. (IT) is $349.92 per share, versus a market price of $205.35 (41% below fair value).
Is IT overvalued or undervalued?
On our blended fair value IT looks undervalued vs fair value at $205.35. This is an educational estimate, not advice.
What discount rate is used for IT?
A WACC of 9.2% and a terminal growth rate of 2.5%.
Is Gartner stock undervalued?
TickerWorth's fair value for Gartner, Inc. (IT) is $349.92 against a market price of $205.35. Our read: 41% below fair value. This is a model estimate, not investment advice.
Gartner (IT) DCF valuation and fair value
Our fair value for Gartner, Inc. (IT) is $349.92, built on a 9.2% 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 Gartner stock?
Today's price implies revenue growth of 0.3% a year for 5 years; our model assumes 3.1% 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 $205.35. A model estimate, not investment advice.
Gartner (IT) insider trading
The most recent insider filing (SEC Form 4) for Gartner, Inc. (IT): FUCHS ANNE SUTHERLAND, Director, other acquisition/disposition on 2026-10-01. The latest filings are listed on this page. A disclosure, not a signal to trade.