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Oracle Corporation

ORCL Technology Software Infrastructure

Oracle Corporation’s revenue for fiscal 2026 (year ended May 2026) was $67.4 billion, up 17.3% from fiscal 2025.

Revenue
+29.6%
EPS
+51.9%
Free cash flow
−1,390.6%
Total debt
+43.1%

Quarter to August 2026, against a year earlier

117.41 2.25 +1.95%
Market cap
$348.2B
P/E
17.9×
Fwd P/E
19.6×
Dividend yield
1.72%
F-score
4/9
Altman Z
2.29
Beneish M
−2.51
Dividend safety
51/100
Overview Business Profile Earnings & Analysis
Financials
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Oracle Corporation (ORCL) valuation and DCF model

What the price implies · reverse DCF

At $117.41 the price implies revenue of $880.99 billion by year ten, growing 28.5% a year, at a 10% free-cash-flow margin then.

The headline discounts the last twelve months’ free cash flow after share-based pay 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
28.5% a year for ten years
$117.41
today’s price

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

Base case on its own ten-year record Oracle Corporation’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 · Revenue and margin
the four quarters to August 2026, from the 10-Q and 10-K filings

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

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

Diluted shares outstanding. Net debt, under Advanced inputs, is taken off before dividing.

Advanced inputs
Free cash flow Revenue and margin
negative is net cash
new shares the cash flow does not pay for

Against Oracle Corporation’s own cost of capital: risk-free 4.3% + beta 1.78 × equity premium 4.5% = 12.3% cost of equity; weighted, 12.3%.

Use 12.3%
Equity value $(108.07b) ▼ below market cap $344.82b
Base case value per share $(36.80) equity value ÷ 2.94b shares
Current price $117.41 market price per share
Below today’s price 131.3% downside at the base case’s assumptions

How we got there$(104.73b) 10 years of cash to equity+$77.30b terminal value−$80.64b net debt=$(108.07b) equity value÷2.94b shares=$(36.80) per share

Valuation against its own history

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

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 17.93× 32.27× 29.04× 38% below 24.43× 27% below
P/FCF — 26.27× 21.89× — 17.94× —
P/B 5.54× 52.94× 33.32× 83% below 2.88× 92% above
EV/EBITDA 12.53× 19.75× 16.57× 24% below 14.51× 14% below
EV/Sales 5.92× 8.35× 6.87× 14% below 2.91× 104% above
P/E P/FCF P/B EV/EBITDA EV/Sales
15.25×22.48×29.71×36.94×10Y avg 21.89×20172018201920202021202220232024

P/FCF has no reading today; its 10-year average is 21.89×.

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.