Pricing Log in Create free account
Friday 6 November 2026 Export OUT’s income statement to Excel — free account

OUTFRONT Media Inc.

OUT Real Estate Reit Specialty

OUTFRONT Media Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, roughly unchanged from fiscal 2024.

Revenue
+13.5%
EPS
+340.0%
Free cash flow
+167.8%
Total debt
−0.99%

Quarter to June 2026, against a year earlier

29.19 2.81 −8.78%
Market cap
$5.6B
P/E
23.0×
Fwd P/E
22.4×
Dividend yield
3.82%
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

OUTFRONT Media Inc. (OUT) valuation and DCF model

What the price implies · reverse DCF

At $29.19 the price implies FFO a share growing −0.3% a year for ten years.

FFO a share grew −2.0% a year over the last ten years, 29.6% over the last five. The price asks for 1.7 points a year more than its ten-year rate. The industry’s median company is priced for 4.1%.

In December 2017 the price assumed −2.2% a year; OUTFRONT Media Inc. went on to grow FFO a share −2.3% a year to FY2025.

FFO a share is worked out from OUTFRONT Media Inc.’s 10-Ks and 10-Qs: net income, plus the depreciation of its property and impairments, less gains on property sales.

The last twelve months include the quarter to December 2025, when FFO a share was $0.79 against a median of $0.38 in its other recent quarters; the headline reads the price through all four.

Price implies
−0.3%
Last 5 years, reported
29.6%
Last 10 years, reported
−2.0%
Industry median implies
4.1%

The headline discounts the last twelve months’ FFO 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
−0.3% a year for ten years
$29.19
today’s price
Its base case
−2.0% a year for five years, then −1.2%
$26.34
9.8% below today’s price

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

Base case on its own ten-year record OUTFRONT Media 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 · FFO a share
the four quarters to June 2026, from the 10-Q and 10-K filings

Yearly growth in FFO a share. It usually slows as the company matures.

Today’s price implies FFO a share growing −0.3% 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 OUTFRONT Media Inc.’s own cost of capital: risk-free 4.3% + beta 1.56 × equity premium 4.5% = 11.3% cost of equity; weighted, 11.3%.

Use 11.3%
Base case value per share $26.34 ten years discounted, and what follows
Current price $29.19 market price per share
Below today’s price 9.8% downside at the base case’s assumptions

How we got there$13.42 10 years of FFO+$12.91 terminal value=$26.34 per share

Valuation against its own history

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

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 22.98× 73.29× 53.58× 57% below 27.75× 17% below
P/FCF 19.44× 16.89× 65.90× 70% below 19.50× 0% below
P/B 8.15× 4.91× 3.94× 107% above 1.96× 317% above
EV/EBITDA 14.73× 13.97× 14.22× 4% above 17.39× 15% below
EV/Sales 4.22× 3.30× 3.47× 22% above 8.49× 50% below
P/FFO 12.77× 11.64× 15.20× 16% below — —
P/E P/FCF P/B EV/EBITDA EV/Sales P/FFO
7.46×143.05×278.64×414.23×10Y avg 65.90×2017201820192020202120222023202420252026

OUT trades at 19.44× P/FCF, against a 10-year average of 65.90× (range 13.88×–459.07×). That is cheaper than 56% of the last 9 year-end readings; re-rating to the average implies $98.95 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.