Evercore Inc

EVR Financial Capital Markets

Evercore Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.9 billion, up 29.5% from fiscal 2024.

Revenue
+12.5%
EPS
+24.0%
Free cash flow
+25.0%
Total debt
+85.4%

Quarter to September 2026, against a year earlier

291.49 1.36 +0.47%
Market cap
$11.2B
P/E
14.5×
Fwd P/E
15.2×
Dividend yield
1.19%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Evercore Inc (EVR) valuation and DCF model

What the price implies · reverse DCF

At $291.49 the price implies 46.4% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 12.5% a year over the last ten years, 6.5% over the last five. The price asks for about four times its ten-year rate.

In December 2017 the price assumed 23.1% a year; Evercore Inc went on to grow the dividend a share 9.5% a year to FY2025.

Price implies
46.4%
Last 5 years, reported
6.5%
Last 10 years, reported
12.5%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
46.4% a year for ten years
$291.49
today’s price
Its base case
12.5% a year for five years, then 7.5%
$22.20
92.4% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Evercore Inc’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 46.4% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Evercore Inc’s own cost of capital: risk-free 4.3% + beta 1.46 × equity premium 4.5% = 10.9% cost of equity; weighted, 10.9%.

Use 10.9%
Base case value per share $22.20 ten years discounted, and what follows
Current price $291.49 market price per share
Below today’s price 92.4% downside at the base case’s assumptions

How we got there$8.71 10 years of dividends+$13.49 terminal value=$22.20 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Capital Markets).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 14.52× 19.85× 16.59× 12% below 14.35× 1% above
P/FCF 6.88× 10.49× 7.93× 13% below 9.28× 26% below
P/B 5.14× 4.49× 3.88× 32% above 1.36× 276% above
EV/EBITDA — 11.94× 8.95× — 3.38× —
EV/Sales — 2.44× 1.99× — 3.90× —
2.79×3.70×4.60×5.51×10Y avg 3.88×2017201820192020202120222023202420252026

EVR trades at 5.14× P/B, against a 10-year average of 3.88× (range 2.55×–5.68×). That is dearer than 78% of the last 9 year-end readings; re-rating to the average implies $220.24 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.