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FactSet Research Systems Inc.

FDS Financial Financial Data & Stock Exchanges

FactSet Research Systems Inc.’s revenue for fiscal 2026 (year ended August 2026) was $2.5 billion, up 6.65% from fiscal 2025.

Revenue
+6.33%
EPS
−16.0%
Free cash flow
−0.46%
Total debt
+0.13%

Quarter to August 2026, against a year earlier

327.52 12.95 −3.80%
Market cap
$12.0B
P/E
22.4×
Fwd P/E
18.9×
Dividend yield
1.38%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

FactSet Research Systems Inc. (FDS) valuation and DCF model

What the price implies · reverse DCF

At $327.52 the price implies 23.0% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 9.6% a year over the last ten years, 8.0% over the last five. The price asks for about twice its ten-year rate. Return on equity averaged 39.6% over ten years; the price implies 41.3% for good.

In August 2017 the price assumed 24.1% a year; FactSet Research Systems Inc. went on to grow the dividend a share 10.7% a year to FY2026.

Price implies
23.0%
Last 5 years, reported
8.0%
Last 10 years, reported
9.6%

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
23.0% a year for ten years
$327.52
today’s price
Its base case
9.6% a year for five years, then 5.8%
$105.58
67.8% 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 FactSet Research Systems 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 August 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 23.0% 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 FactSet Research Systems Inc.’s own cost of capital: risk-free 4.3% + beta 0.70 × equity premium 4.5% = 7.4% cost of equity; weighted, 7.4%.

Use 7.4%
Base case value per share $105.58 ten years discounted, and what follows
Current price $327.52 market price per share
Below today’s price 67.8% downside at the base case’s assumptions

How we got there$43.55 10 years of dividends+$62.04 terminal value=$105.58 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Financial Data & Stock Exchanges).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 22.42× 26.74× 31.26× 28% below 24.85× 10% below
P/FCF 16.88× 22.12× 25.78× 35% below 20.23× 17% below
P/B 5.97× 7.37× 11.04× 46% below 4.56× 31% above
EV/EBITDA — 20.40× 21.04× — 3.38× —
EV/Sales — 7.49× 7.48× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
22.83×28.99×35.15×41.31×10Y avg 31.26×2018201920202021202220232024202520262026

FDS trades at 22.42× P/E, against a 10-year average of 31.26× (range 21.46×–42.28×). That is cheaper than 89% of the last 9 year-end readings; re-rating to the average implies $456.69 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.