What is META's intrinsic value?

TickerWorth's valuation lenses put Meta Platforms, Inc. (META) between $232.31 and $899.54 per share, versus a market price of $709.33. They disagree too widely for us to state a single fair value, so we publish the range.

Is META overvalued or undervalued?

At $709.33 the price sits inside a range too wide to call either way. We don't call META overvalued or undervalued from a range this wide. This is an educational estimate, not advice.

What discount rate is used for META?

A WACC of 11.2% and a terminal growth rate of 2.5%.

Is Meta Platforms stock undervalued?

TickerWorth's fair-value range for Meta Platforms, Inc. (META) is $232.31 – $899.54 against a market price of $709.33. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.

Meta Platforms (META) DCF valuation and fair value

Our fair-value range for Meta Platforms, Inc. (META) is $232.31 – $899.54, built on a 11.2% 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.

Meta Platforms (META) insider trading

The most recent insider filing (SEC Form 4) for Meta Platforms, Inc. (META): Olivan Javier, Chief Operating Officer, open-market sale on 2026-10-12. The latest filings are listed on this page. A disclosure, not a signal to trade.

META · Intrinsic value

Is Meta Platforms, Inc. (META) overvalued or undervalued?

Name: Meta Platforms, Inc. (META) DCF intrinsic value
Creator: TickerWorth

As of Oct 19, 2026, TickerWorth's valuation lenses put Meta Platforms, Inc. (META) at $232.31 – $899.54, too broad a range to say where the delayed market price of $709.33 sits in it, so we do not call it over- or undervalued. 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 META analysis

What is META worth?

Fair-value range: $232.31 – $899.54
Market price: $709.33
Gap to fair value: —
Verdict: Too wide to call

Price as of 19 Oct 2026, 13:15 UTC · Prices are delayed.Our valuation lenses disagree too widely on this company for us to publish a single number, so we publish the range instead. We do not call it over- or undervalued from a spread this wide.

Fair-value range against the delayed market price: Too wide to call.

Reverse DCF: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.

What is META's TickerWorth Score?

C54/100

Middle of the pack — real strengths and real weaknesses

Compared with Communication Services companies in US

Its strongest point: a profitable, high-quality business. Its weakest: looks expensive on the numbers.

Value · 25 of 100
Cheaper than 25% of Communication Services companies in US
Price vs worth · 24 of 100
Quality · 89 of 100
More profitable than 89% of Communication Services companies in US
Financial health · 68 of 100
Financially stronger than 68% of Communication Services companies in US
Growth · 53 of 100
Growing faster than 53% of Communication Services companies in US
Momentum · 78 of 100
Outperformed 78% of Communication Services companies in US over the past year

Confidence: Medium confidence · Scored 19 Oct 2026, 13:15 UTC

Get the Undervalued Company of the Week.

Where the numbers come from

Hand-researched model

What the modeller flagged

YEAR-1 FCF IS NEGATIVE (about -$16B modelled vs $43,585M reported for FY2025, a -138% gap) — far past the 20% line, so stated explicitly. It decomposes: capex nearly doubles to the guided $137.5B midpoint (-$65B vs FY2025), and Meta's reported FCF adds back ~$20B of SBC that this model keeps as an expense. Meta's own FCF was $13.2B in H1 2026 and $0.8B in Q2 alone, so a negative full-year house-basis figure is the direction the filings are already pointing.
TERMINAL VALUE IS ~76% OF ENTERPRISE VALUE — just over the 75% line. The five explicit years are mostly the build-out, so most of the value rests on what Meta earns once the build-out ends.
THE CAPEX SHAPE IS WRONG ON PURPOSE. The engine holds capex at one % of revenue from 2027, so modelled 2027-28 capex (~$82B, ~$92B) is far BELOW what Meta will likely spend, and 2030+ capex is above a normal 25%. The +3pt in capex_pct_revenue is sized to make the present value of those two errors cancel. If the 2027-29 hump is bigger than 'flat with 2026, then glide down' — management has said plans maximize 2027 capacity and declined to guide — the value is too high.
D&A IS SET AT A 20% STEADY STATE, NOT TODAY'S ~10.5%. This is internally consistent with the 28% capex and the 33% terminal margin, but it overstates 2026-27 depreciation add-backs. That error roughly offsets the cash-tax benefit from full expensing that the 16% tax rate ignores.
UNRECORDED GUARANTEES. Meta has provided residual value guarantees of ~$28B (Hyperion) and ~$13B (El Paso) on JV-owned data centers it leases back. They pay out only if Meta walks away from a lease AND the campus is worth less than the threshold. Meta judges payment 'not probable' and records nothing; the model agrees and adds nothing, but this is the off-balance-sheet tail if AI demand disappoints.
NOT IN THE VALUE, IN EITHER DIRECTION: $30.2B of non-marketable equity investments (~$12/share at book, upside) and $18.3B of long-term income taxes payable plus $18.74B of gross unrecognized tax benefits (downside). Both left out for consistency with the house net-debt definition.
SBC of $20,427M in FY2025 (10.2% of revenue) and $13,690M in H1 2026 (11.7%) is expensed inside GAAP EBIT and NOT added back; dilution is captured via the 2,566M diluted share count. This is the single largest reason this model's cash flows sit below Meta's reported FCF.
TAX RATE IS NORMALIZED. Reported rates swung from 30% (FY2025) to -23% (Q1 2026) on one-off US tax-law items. 16% follows Meta's own guidance; actual cash taxes are far lower for now.

Why META gets a range, not one number

At a recent price of $709.33, Meta Platforms, Inc. (META) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $232.31 and $899.54 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.

Read the full reasoning

The valuation discounts Meta Platforms, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 11.2%, 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 — META would need sustained revenue growth of more than 25%/yr to justify today's price, against about 14.2% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, META's modeled DCF value ranges from about $209.22 to $381.69 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 Meta Platforms, 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 META's intrinsic value. Figures update as new filings and prices come in.

Every input behind META's DCF

Input	Value	Source
Base-year revenueMeta FY2025 10-K (accession 0001628280-26-003942, filed 2026-01-29); ties to 4Q25 release 8-K Ex-99.1 (accession 0001628280-26-003832): Total revenue FY2025, +22% on FY2024's $164,501M (+22% constant currency). Family of Apps $198,759M (advertising $196,175M + other $2,584M); Reality Labs $2,207M. UNCHANGED as the base; the 2026 acceleration belongs in the forecast. CROSS-CHECK, H1 2026: revenue $117,111M, +30.4% on H1 2025's $89,830M (+28% cc), per the 2Q26 release. Ad impressions +14% and price per ad +12% in Q2 2026 — both volume and price are growing, so the acceleration is not just currency.	$200,966,000,000	Meta FY2025 10-K (accession 0001628280-26-003942, filed 2026-01-29); ties to 4Q25 release 8-K Ex-99.1 (accession 0001628280-26-003832): Total revenue FY2025, +22% on FY2024's $164,501M (+22% constant currency). Family of Apps $198,759M (advertising $196,175M + other $2,584M); Reality Labs $2,207M. UNCHANGED as the base; the 2026 acceleration belongs in the forecast. CROSS-CHECK, H1 2026: revenue $117,111M, +30.4% on H1 2025's $89,830M (+28% cc), per the 2Q26 release. Ad impressions +14% and price per ad +12% in Q2 2026 — both volume and price are growing, so the acceleration is not just currency.
Base EBIT marginMeta FY2025 10-K (accession 0001628280-26-003942, filed 2026-01-29): GAAP income from operations $83,276M / revenue $200,966M = 41.44%. REALITY LABS IS INSIDE THIS NUMBER: Family of Apps earned $102,469M (51.6% of FoA revenue) and Reality Labs LOST $19,193M, which is 9.6 points of consolidated margin. The model values the consolidated company, so RL's losses are carried in every forecast year (see forecast.ebit_margin for the decision on whether they persist). SBC of $20,427M is expensed inside this figure. CROSS-CHECK, H1 2026: $41,647M / $117,111M = 35.56%, down from 42.30% in H1 2025, with Q2 alone at 30.9% after $2.40B of legal charges and $1.18B of severance (36.8% excluding both). The base year is the last year BEFORE the AI depreciation wave reached the income statement — this margin will not be seen again in this forecast, and the model says so rather than anchoring to it.	41.4%	Meta FY2025 10-K (accession 0001628280-26-003942, filed 2026-01-29): GAAP income from operations $83,276M / revenue $200,966M = 41.44%. REALITY LABS IS INSIDE THIS NUMBER: Family of Apps earned $102,469M (51.6% of FoA revenue) and Reality Labs LOST $19,193M, which is 9.6 points of consolidated margin. The model values the consolidated company, so RL's losses are carried in every forecast year (see forecast.ebit_margin for the decision on whether they persist). SBC of $20,427M is expensed inside this figure. CROSS-CHECK, H1 2026: $41,647M / $117,111M = 35.56%, down from 42.30% in H1 2025, with Q2 alone at 30.9% after $2.40B of legal charges and $1.18B of severance (36.8% excluding both). The base year is the last year BEFORE the AI depreciation wave reached the income statement — this margin will not be seen again in this forecast, and the model says so rather than anchoring to it.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	25% → 16% → 13% → 10% → 8%	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 house input across 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 house input across every model in this tracker.
BetaYahoo Finance / yfinance published beta (5Y monthly): Published 5Y-monthly beta 1.243, used AS-IS — no normalization. I considered and rejected adjusting it: the window includes the 2022 drawdown (-64% peak to trough) and the September 2026 run (roughly +25% in a month), which push in opposite directions, and Meta's equity really has behaved like a high-beta growth stock while it doubles capex. Sensitivity: a beta of 1.0 (WACC ~10.0%) adds roughly $48/share; the house WACC with this beta is ~11.2%. It is a large contributor to the gap but not the whole of it: even a beta of 0.65 (WACC ~8.4%) gives only ~$421/share.	1.24	Yahoo Finance / yfinance published beta (5Y monthly): Published 5Y-monthly beta 1.243, used AS-IS — no normalization. I considered and rejected adjusting it: the window includes the 2022 drawdown (-64% peak to trough) and the September 2026 run (roughly +25% in a month), which push in opposite directions, and Meta's equity really has behaved like a high-beta growth stock while it doubles capex. Sensitivity: a beta of 1.0 (WACC ~10.0%) adds roughly $48/share; the house WACC with this beta is ~11.2%. It is a large contributor to the gap but not the whole of it: even a beta of 0.65 (WACC ~8.4%) gives only ~$421/share.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability with every other company in this tracker. Arguably conservative for a company still growing 25%: the step from 8% in 2030 to 2.5% forever is abrupt. A 3.0% terminal rate adds ~$14/share; 2.0% takes ~$12 off. Must remain well below WACC (~11.2%) and does.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability with every other company in this tracker. Arguably conservative for a company still growing 25%: the step from 8% in 2030 to 2.5% forever is abrupt. A 3.0% terminal rate adds ~$14/share; 2.0% takes ~$12 off. Must remain well below WACC (~11.2%) and does.
Diluted sharesMeta 2Q 2026 earnings release, 8-K Ex-99.1 (accession 0001628280-26-050596, filed 2026-07-29): Q2 2026 weighted-average diluted shares 2,566M (H1 2026 2,565M; FY2025 2,574M; Q2 2025 2,570M). Basic was 2,543M. The count has stopped falling: Meta made NO buybacks in H1 2026 (vs $22.9B in H1 2025) as capex absorbed cash, while still withholding $8.7B of stock for RSU taxes. Diluted is used because that is how this model carries SBC dilution.	2,566M	Meta 2Q 2026 earnings release, 8-K Ex-99.1 (accession 0001628280-26-050596, filed 2026-07-29): Q2 2026 weighted-average diluted shares 2,566M (H1 2026 2,565M; FY2025 2,574M; Q2 2025 2,570M). Basic was 2,543M. The count has stopped falling: Meta made NO buybacks in H1 2026 (vs $22.9B in H1 2025) as capex absorbed cash, while still withholding $8.7B of stock for RSU taxes. Diluted is used because that is how this model carries SBC dilution.
Market priceDelayed quote · as of 2026-10-19 13:15 UTC	$709.33	Delayed quote · as of 2026-10-19 13:15 UTC

Change META'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 Meta Platforms, Inc. do?

What does it do?

Meta Platforms develops digital products that enable people to connect and share with others through mobile devices, computers, VR headsets, and AI glasses. The company operates through two segments: Family of Apps (Facebook, Instagram, Messenger, Threads, WhatsApp, and Meta AI) and Reality Labs (VR/AR hardware and software).

How does it make money?

Meta generates revenue primarily through advertising on its Family of Apps segment, which generated $228.2 billion in total revenue. The company maintains a gross margin of 81.7%, meaning it keeps approximately 82 cents of every revenue dollar after direct costs.

Is it financially healthy?

Meta demonstrates strong financial health with an operating margin of 34.8%, a net profit margin of 29.8%, and a current ratio of 2.23 (indicating it has $2.23 in current assets for every $1 in current liabilities). The company's debt-to-equity ratio is 0.43, suggesting moderate leverage.

Who at META filed insider trades?

Recent insider filings for Meta Platforms, Inc.
Date	Insider	Relationship	What happened	Value	Filing
12 Oct 2026	Olivan Javier	Chief Operating Officer	Open-market sale	$688,782.60	Form 4 for Olivan Javier (opens sec.gov in a new tab)
12 Oct 2026	Olivan Javier	Chief Operating Officer	Open-market sale	$59,704.20	Form 4 for Olivan Javier (opens sec.gov in a new tab)
12 Oct 2026	Olivan Javier	Chief Operating Officer	Open-market sale	$41,501.70	Form 4 for Olivan Javier (opens sec.gov in a new tab)
12 Oct 2026	Olivan Javier	Chief Operating Officer	Open-market sale	$59,704.20	Form 4 for Olivan Javier (opens sec.gov in a new tab)
12 Oct 2026	Olivan Javier	Chief Operating Officer	Open-market sale	$297,064.80	Form 4 for Olivan Javier (opens sec.gov in a new tab)
5 Oct 2026	Olivan Javier	Chief Operating Officer	Open-market sale	$688,763.68	Form 4 for Olivan Javier (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 META's intrinsic value?
TickerWorth's valuation lenses put Meta Platforms, Inc. (META) between $232.31 and $899.54 per share, versus a market price of $709.33. They disagree too widely for us to state a single fair value, so we publish the range.
Is META overvalued or undervalued?
At $709.33 the price sits inside a range too wide to call either way. We don't call META overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for META?
A WACC of 11.2% and a terminal growth rate of 2.5%.
Is Meta Platforms stock undervalued?
TickerWorth's fair-value range for Meta Platforms, Inc. (META) is $232.31 – $899.54 against a market price of $709.33. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Meta Platforms (META) DCF valuation and fair value
Our fair-value range for Meta Platforms, Inc. (META) is $232.31 – $899.54, built on a 11.2% 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 Meta Platforms stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. 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 $709.33. A model estimate, not investment advice.
Meta Platforms (META) insider trading
The most recent insider filing (SEC Form 4) for Meta Platforms, Inc. (META): Olivan Javier, Chief Operating Officer, open-market sale on 2026-10-12. The latest filings are listed on this page. A disclosure, not a signal to trade.