What is this company actually worth?
Price is what the market says a stock costs today. Value is what the underlying business is actually worth, based on the cash it can generate. The two aren't always the same — this tool exists to estimate the second one, independently of the first, so you can compare them.
Analysts can look at the exact same company and land on wildly different price targets — that gap is normal, and it's exactly why having your own independent estimate, built from a transparent process, is worth more than trusting any single number someone else hands you.
Why this process
1
A business is worth what it earns above what it costs to run it.
Value is driven by the Return on Invested Capital (ROIC) relative to the Weighted Average Cost of Capital (WACC) — a company only creates value when its return on invested capital exceeds its cost of capital. If ROIC equals WACC, growth is value-neutral; if ROIC falls below WACC, growth actively destroys value.
2
To measure that fairly, we rebuild the financial statements from scratch.
Standard accounting figures (net income, return on equity, return on assets) are distorted by how a company happens to be financed. We reorganize GAAP statements into Net Operating Profit After Tax (NOPAT) and Invested Capital, computed two independent ways that must reconcile to each other as a built-in accuracy check.
3
We diagnose where the company's returns actually come from.
ROIC decomposes into operating margin × capital turnover, benchmarked against the company's own history and against real peers — so a strong or weak number isn't taken at face value, it's explained.
4
We forecast the business forward and translate future cash into today's dollars.
A Discounted Cash Flow (DCF) model, built on the same NOPAT / Invested Capital framework, using a discount rate (WACC) that reflects what investors actually demand for the risk of holding this company's debt and equity.
5
We cross-check that answer against what similar companies actually trade for.
A comparable-companies ("comps") pass — an independent, market-based sanity check on the DCF answer, not a replacement for it.
What happens next
1
ROIC calculation
Rebuild the real financial statements into Invested Capital and NOPAT, by hand.
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2
WACC
Work out the discount rate this specific company's risk actually demands.
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3
Forecasting
Project revenue, margins, and reinvestment — every assumption adjustable.
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4
DCF / Valuation
Discount projected cash flows to today, arrive at an intrinsic value per share.
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5
Comps
Check that answer against how the market prices similar companies now.
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6
Verdict
DCF estimate and market price, side by side — you draw the conclusion.
How this was actually built
This process is grounded in a corporate-finance framework, and every formula in it
was checked step by step against that source material. A few specific design choices, in
plain terms:
Peer selection for WACC and Comps uses a same-industry filter plus a ranked
similarity score across company fundamentals — who is numerically closest to this
company, within its own industry.
Comps defaults to the Price-to-Earnings (P/E) multiple rather than Enterprise
Value to EBITDA (EV/EBITDA) or Enterprise Value to Sales (EV/Sales), because testing
showed P/E holds up better when a company's margins differ from its peer
group's. The other two multiples stay available, just not the default.
WACC's capital structure weights are computed from current market values, not
book values, because the model specifically calls for the market's view of how the
company is financed, not the balance sheet's.
How many companies we can actually value
One honest number before anything else: this tool can currently produce a full
valuation for 1,226 U.S.-listed companies. That's not every company in the market — Real
Estate Investment Trusts (REITs) and a small number of companies with too little usable financial
history on file aren't included yet, rather than showing a number for them that would look normal
but rest on a shaky foundation.
390 of the 1,226 have complete
data from end to end — nothing was estimated or filled in, this is the plain original calculation.
The other 836 have at least one
real gap in the underlying company filings — a missing year-end quarter, no dividend history, not
enough debt history to price a cost of debt — and a clearly labeled, sensible default was used in its
place rather than letting the calculation fail or quietly drift off.
Search for any company on the next
page and its exact data status shows up immediately, before you look at a single number —
so you always know whether you're looking at a company with complete data or one where an
assumption had to be filled in, and precisely which one.
Ready
Start with the ROIC calculation →
Open the manual Invested-Capital-based ROIC calculator — step 1 of the process above.