What is PLTR's intrinsic value?

TickerWorth's blended fair value for Palantir Technologies Inc. (PLTR) is $29.36 per share, versus a market price of $186.03 (534% above fair value).

Is PLTR overvalued or undervalued?

Our cash-flow model understates a business growing this fast, so we don't call PLTR overvalued on it. Against a blend that leans on peer multiples, the price of $186.03 sits 534% above our estimate. This is an educational estimate, not advice.

What discount rate is used for PLTR?

A WACC of 13.3% and a terminal growth rate of 2.5%.

Is Palantir Technologies stock undervalued?

TickerWorth's fair value for Palantir Technologies Inc. (PLTR) is $29.36 against a market price of $186.03. Our read: 534% above fair value. This is a model estimate, not investment advice.

Palantir Technologies (PLTR) DCF valuation and fair value

Our fair value for Palantir Technologies Inc. (PLTR) is $29.36, built on a 13.3% 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.

Palantir Technologies (PLTR) insider trading

The most recent insider filing (SEC Form 4) for Palantir Technologies Inc. (PLTR): Woersching Eric H., Director, open-market sale on 2026-10-09. The latest filings are listed on this page. A disclosure, not a signal to trade.

PLTR · Intrinsic value

Is Palantir Technologies Inc. (PLTR) overvalued or undervalued?

Name: Palantir Technologies Inc. (PLTR) DCF intrinsic value
Creator: TickerWorth

Palantir Technologies Inc. (PLTR) trades at the delayed market price of $186.03 a share. That price already implies revenue growth of more than 25%/yr. TickerWorth's fair value is $29.36 a share (534% above 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 PLTR analysis

Is PLTR overvalued?

Fair value: $29.36
Market price: $186.03
Downside to fair value: 84.2%
Verdict: 534% above fair value

Price as of 19 Oct 2026, 13:15 UTC · Prices are delayed.

Fair value against the delayed market price: 534% above fair value.

Reverse DCF, on our cash-flow model rather than the fair value above: 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 PLTR's TickerWorth Score?

C53/100

Middle of the pack — real strengths and real weaknesses

Compared with Technology companies in US

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

Value · 8 of 100
Cheaper than 8% of Technology companies in US
Price vs worth · 0 of 100
Quality · 92 of 100
More profitable than 92% of Technology companies in US
Financial health · 75 of 100
Financially stronger than 75% of Technology companies in US
Growth · 91 of 100
Growing faster than 91% of Technology companies in US
Momentum · 76 of 100
Outperformed 76% of Technology companies in US over the past year

Confidence: Medium confidence · Scored 19 Oct 2026, 13:14 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

YEAR-1 FCF VS THE COMPANY'S OWN NUMBERS. The model's FY2026 free cash flow is ~$2.50B: +19% on FY2025's $2.10B (inside the 20% line) but ~25% below the trailing twelve months ($3.36B) and ~46% below management's FY2026 adjusted-FCF guide of $4.5-4.7B. The gap is deliberate and decomposes: ~$1.0B of SBC that operating cash flow adds back and this model does not; ~$0.86B of normalized 23% tax against ~1% actually paid; ~$0.3B of interest income that is in OCF but valued here through net cash; the employer payroll taxes on SBC that 'adjusted' FCF adds back; partly offset by working capital.
TERMINAL VALUE IS ~70% OF ENTERPRISE VALUE, and the implied exit multiple is only ~6.9x final-year EBITDA — a low multiple for a business still growing 15% at a 50% margin. That is the clearest sign the 5-year-then-2.5% structure understates a hypergrower.
THE PRICE NEEDS SOMETHING NO SINGLE INPUT PROVIDES. Measured with the engine: ~121% compound revenue growth for five years (to ~$238B by 2030), or ~133% a year in 2027-30 after the guided Year 1, or ~12.3% perpetual growth, or a negative beta (-0.25). No margin closes it — not even 100%.
SBC IS LARGE: $684.0M in FY2025 (15.3% of revenue), $466.8M in H1 2026 (13.1%), plus employer payroll taxes ($156.1M FY2025). It stays expensed inside GAAP EBIT; dilution is captured by the 2,568.7M diluted count. Adding SBC back as well would double-count it.
GOVERNMENT CONCENTRATION AND SOLE-SOURCE SCRUTINY. Government was 51% of Q2 revenue; U.S. government grew 90%. The Pentagon has directed up to $243.9M more spending to Palantir without competition (Defense One, 2026-08-13). That is demand, but also a policy dependence the cost of capital may not fully price.
NOT CREDITED (each small): the NOL/credit shield (~$3.1B of tax-effected assets, worth at most ~$1.20/share if used early), $167M of private equity stakes, $110.7M of noncontrolling interests. Together they move the value by roughly a dollar.
THE FADE IS MY JUDGEMENT. A faster Y2-Y5 path (+60%, +45%, +35%, +25%) gives ~$34.92; a slower one (+35%, +22%, +15%, +10%) ~$22.11. The range is narrow because the terminal hand-off, not the explicit years, carries the value.

PLTR DCF valuation: what the price assumes

At a recent price of $186.03, Palantir Technologies Inc. (PLTR) trades 534% above TickerWorth's blended fair value of $29.36 per share. For this company that blend leans on peer multiples: our discounted-cash-flow model holds margins flat and fades growth toward a long-run rate, which systematically understates a business growing this fast, so its figure (about $26.14) is shown as a reference beside the range rather than blended into it. Our estimate sits below the market — read that as a statement about how the market prices PLTR against comparable companies, not as a finding that it is overvalued on cash flow. This is an educational model, not a price target or a recommendation.

Read the full reasoning

The valuation discounts Palantir Technologies Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 13.3%, with a long-run terminal growth rate of 2.5%. About 70% 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 — PLTR would need sustained revenue growth of more than 25%/yr to justify today's price. 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, PLTR's modeled DCF value ranges from about $21.99 to $32.77 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 Palantir Technologies 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 PLTR's intrinsic value. Figures update as new filings and prices come in.

Every input behind PLTR's DCF

Input	Value	Source
Base-year revenuePalantir FY2025 10-K (accession 0001321655-26-000011, filed 2026-02-17): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 = $4,475,446K (PLTR tags no plain 'Revenues' line). +56.2% vs FY2024 $2,865.5M; ties to the $4.475B in the Q4 2025 release. Calendar fiscal year. UNCHANGED as the base — the DCF grows it by forecast.revenue_growth, so 2026 belongs in the forecast. CROSS-CHECK: H1 2026 revenue was $3,568.0M, +89.0% on H1 2025's $1,887.6M (Q1 $1,632.6M +85%, Q2 $1,935.5M +93%); TTM through 2026-06-30 is $6,155.9M. Q2 split: Government $990.0M (+79%), Commercial $945.4M (+110%) per the 10-Q segment note.	$4,475,446,000	Palantir FY2025 10-K (accession 0001321655-26-000011, filed 2026-02-17): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 = $4,475,446K (PLTR tags no plain 'Revenues' line). +56.2% vs FY2024 $2,865.5M; ties to the $4.475B in the Q4 2025 release. Calendar fiscal year. UNCHANGED as the base — the DCF grows it by forecast.revenue_growth, so 2026 belongs in the forecast. CROSS-CHECK: H1 2026 revenue was $3,568.0M, +89.0% on H1 2025's $1,887.6M (Q1 $1,632.6M +85%, Q2 $1,935.5M +93%); TTM through 2026-06-30 is $6,155.9M. Q2 split: Government $990.0M (+79%), Commercial $945.4M (+110%) per the 10-Q segment note.
Base EBIT marginPalantir FY2025 10-K (accession 0001321655-26-000011, filed 2026-02-17): GAAP income from operations (us-gaap:OperatingIncomeLoss) $1,414.0M / revenue $4,475.4M = 31.60%. THIS IS GAAP, NOT 'ADJUSTED': Palantir's headline 'adjusted income from operations' ($2,254.1M, 50%) adds back stock-based compensation ($684.0M) and employer payroll taxes on SBC ($156.1M). Neither is added back here — SBC is a real cost paid in shares. Interest income ($229.2M) and other income sit below this line and are deliberately excluded; the cash that earns them is in the net-cash bridge. CROSS-CHECK, LATEST QUARTER: Q2 2026 GAAP operating margin was 47.1% ($912.0M / $1,935.5M; adjusted 62%), H1 2026 46.7%, TTM 42.8% ($2,634.7M / $6,155.9M). The base year is far below where the business runs today — which is why Year 1 steps straight up to 46%.	31.6%	Palantir FY2025 10-K (accession 0001321655-26-000011, filed 2026-02-17): GAAP income from operations (us-gaap:OperatingIncomeLoss) $1,414.0M / revenue $4,475.4M = 31.60%. THIS IS GAAP, NOT 'ADJUSTED': Palantir's headline 'adjusted income from operations' ($2,254.1M, 50%) adds back stock-based compensation ($684.0M) and employer payroll taxes on SBC ($156.1M). Neither is added back here — SBC is a real cost paid in shares. Interest income ($229.2M) and other income sit below this line and are deliberately excluded; the cash that earns them is in the net-cash bridge. CROSS-CHECK, LATEST QUARTER: Q2 2026 GAAP operating margin was 47.1% ($912.0M / $1,935.5M; adjusted 62%), H1 2026 46.7%, TTM 42.8% ($2,634.7M / $6,155.9M). The base year is far below where the business runs today — which is why Year 1 steps straight up to 46%.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	82% → 45% → 30% → 22% → 15%	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. House input 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. House input shared by every model in this tracker.
BetaYahoo Finance / yfinance 5Y-monthly beta: Published 5Y-monthly beta 1.621 (yfinance, read 2026-10-03). Reproduced from yfinance monthly prices vs the S&P 500: 1.639 over 60 months, 1.650 over 36. NOT NORMALIZED. The one argument for lowering it is that the 24-month window measures 1.246 — the 2021-22 post-listing swings are a different, smaller company. I did not adopt it: one window is not a trend, and Palantir's 2026 path (-29% YTD by August, then +60% in a quarter) is not the behaviour of a low-beta stock. Each 0.1 of beta is worth roughly $1.40/share here; 1.25 gives ~$31. Even a beta of ZERO gives only ~$102, so this input does not decide the gap.	1.62	Yahoo Finance / yfinance 5Y-monthly beta: Published 5Y-monthly beta 1.621 (yfinance, read 2026-10-03). Reproduced from yfinance monthly prices vs the S&P 500: 1.639 over 60 months, 1.650 over 36. NOT NORMALIZED. The one argument for lowering it is that the 24-month window measures 1.246 — the 2021-22 post-listing swings are a different, smaller company. I did not adopt it: one window is not a trend, and Palantir's 2026 path (-29% YTD by August, then +60% in a quarter) is not the behaviour of a low-beta stock. Each 0.1 of beta is worth roughly $1.40/share here; 1.25 gives ~$31. Even a beta of ZERO gives only ~$102, so this input does not decide the gap.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. For Palantir this is the binding constraint, not a detail: Year 5 still grows 15%, so handing off to 2.5% forever is where most of the model's distance from the price comes from. The reverse DCF needs ~12.3% perpetual growth to reach the price. Must remain < WACC of 13.35%.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. For Palantir this is the binding constraint, not a detail: Year 5 still grows 15%, so handing off to 2.5% forever is where most of the model's distance from the price comes from. The reverse DCF needs ~12.3% perpetual growth to reach the price. Must remain < WACC of 13.35%.
Diluted sharesPalantir Q2 2026 10-Q (accession 0001321655-26-000041, filed 2026-08-04): Q2 2026 weighted-average diluted shares 2,568,694K (H1 2,569,826K; FY2025 2,565,197K). Basic was 2,399,820K: the ~169M gap is in-the-money options, RSUs and SARs, and using the diluted count is how this model charges for them. Palantir has no meaningful buyback offsetting issuance, so the count drifts up — 2,297.9M (FY2023) -> 2,450.8M (FY2024) -> 2,565.2M (FY2025).	2,569M	Palantir Q2 2026 10-Q (accession 0001321655-26-000041, filed 2026-08-04): Q2 2026 weighted-average diluted shares 2,568,694K (H1 2,569,826K; FY2025 2,565,197K). Basic was 2,399,820K: the ~169M gap is in-the-money options, RSUs and SARs, and using the diluted count is how this model charges for them. Palantir has no meaningful buyback offsetting issuance, so the count drifts up — 2,297.9M (FY2023) -> 2,450.8M (FY2024) -> 2,565.2M (FY2025).
Market priceDelayed quote · as of 2026-10-19 13:15 UTC	$186.03	Delayed quote · as of 2026-10-19 13:15 UTC

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What does Palantir Technologies Inc. do?

What does it do?

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It operates in the Software - Infrastructure industry (Technology sector), headquartered in United States. The company employs roughly 4,401 people.

How does it make money?

The business turns $6.2B in annual revenue into profit. Out of every $100 of sales, about $47 is left as operating profit (operating margin of 47.1%), after a 85% gross margin on the products/services it sells. After all costs, taxes and interest, 49.0% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks mixed: carries heavy debt (2.1× equity), comfortably covers its short-term bills (7.2× current ratio), and is currently profitable.

Who at PLTR filed insider trades?

Recent insider filings for Palantir Technologies Inc.
Date	Insider	Relationship	What happened	Value	Filing
9 Oct 2026	Woersching Eric H.	Director	Open-market sale	$205,000.00	Form 4 for Woersching Eric H. (opens sec.gov in a new tab)
8 Oct 2026	Stat Lauren Elaina Friedman	Director	Open-market sale	$1,000,174.00	Form 4 for Stat Lauren Elaina Friedman (opens sec.gov in a new tab)
8 Oct 2026	Taylor Ryan D.	See Remarks	Open-market sale	$3,620,700.00	Form 4 for Taylor Ryan D. (opens sec.gov in a new tab)
1 Oct 2026	Stat Lauren Elaina Friedman	Director	Open-market sale	$253,963.15	Form 4 for Stat Lauren Elaina Friedman (opens sec.gov in a new tab)
29 Sept 2026	Glazer David A.	See Remarks	Grant / award	—	Form 4 for Glazer David A. (opens sec.gov in a new tab)
29 Sept 2026	Taylor Ryan D.	See Remarks	Grant / award	—	Form 4 for Taylor Ryan D. (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 PLTR's intrinsic value?
TickerWorth's blended fair value for Palantir Technologies Inc. (PLTR) is $29.36 per share, versus a market price of $186.03 (534% above fair value).
Is PLTR overvalued or undervalued?
Our cash-flow model understates a business growing this fast, so we don't call PLTR overvalued on it. Against a blend that leans on peer multiples, the price of $186.03 sits 534% above our estimate. This is an educational estimate, not advice.
What discount rate is used for PLTR?
A WACC of 13.3% and a terminal growth rate of 2.5%.
Is Palantir Technologies stock undervalued?
TickerWorth's fair value for Palantir Technologies Inc. (PLTR) is $29.36 against a market price of $186.03. Our read: 534% above fair value. This is a model estimate, not investment advice.
Palantir Technologies (PLTR) DCF valuation and fair value
Our fair value for Palantir Technologies Inc. (PLTR) is $29.36, built on a 13.3% 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 Palantir Technologies 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 $186.03. A model estimate, not investment advice.
Palantir Technologies (PLTR) insider trading
The most recent insider filing (SEC Form 4) for Palantir Technologies Inc. (PLTR): Woersching Eric H., Director, open-market sale on 2026-10-09. The latest filings are listed on this page. A disclosure, not a signal to trade.