What is FactSet Research Systems Inc. (FDS) DCF Fair Value and Intrinsic Value in 2026?

FactSet Research Systems Inc. (FDS) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is FactSet Research Systems Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

FactSet Research Systems Inc. operates in the Financials sector (Financial Data & Stock Exchanges) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is FactSet Research Systems Inc.'s financial health rating and Piotroski F-Score?

FactSet Research Systems Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor FactSet Research Systems Inc. (FDS) for quarterly SEC filing thesis breaks?

LocalAlpha audits FactSet Research Systems Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksFDS

FDS

FactSet Research Systems Inc.Financial Services / Financial Data & Stock ExchangesINTACT

FactSet Research Systems Inc., together with its subsidiaries, operates as a global data and artificial intelligence solutions provider for the financial markets in the Americas, Europe, the Middle East, Africa, and Asia Pacific. It offers data, products, and analytical applications; and workstations, portfolio analytics, and enterprise data solutions, as well as managed services for supporting data, performance, risk and reporting, and AI-enabled workflows. The company also provides financial data and market intelligence on securities, companies, industries, and people that enable clients to research advisory, dealmaking and investment ideas, as well as analyze, monitor, and manage portfolios; and solutions covering investment lifecycle of investment research, portfolio construction and analysis, trade execution, performance measurement, risk management, and reporting. In addition, it offers banking solutions that supports company and market research; wealth solutions which supports home office, advisory, and client engagement workflows; and data and technology offerings, including desktop and mobile platform, data solutions, cloud-based digital solutions, application programming interfaces, and model context protocol servers. The company serves professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, private equity and venture capital professionals. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.

Share Price

$323.39

52W: $185 - $339.83

DCF Fair Value

$409.76

+21.1% MoS

Thesis Hub

P/E (TTM)

22.2x

ROIC

16.7%

Operating Margin

22.2%

FCF Yield

5.7%

Debt / Equity

0.77x

Piotroski Score

8/9

Altman Z-Score

3.31

Market Cap

$11.5B

Price vs. Intrinsic Value Corridor

Modest Value ($323.39 vs $409.76 DCF)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$409.76

MOS Buy Target (-25%)

$307.32

Valuation Overlays: DCF Fair Value ($409.76) 25% MOS Buy Target ($307.32) Revised Graham ($336.57) Graham Number ($136.43)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$323.39

DCF Fair Value

$406.35

+20.4% MoS

Starting Free Cash Flow ($M)$654M

$100M$654M (Reported)$50,000M

Stage 1 Growth (Years 1-5)11.1%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$1,200M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$6.6B

PV of Terminal Value

$9.2B

Implied Enterprise Value

$15.8B

Implied Equity Value

$14.6B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$727	$807	$897	$996	$1,107	$1,157	$1,209	$1,263	$1,320	$1,380
Present Value (PV)	$667	$679	$693	$706	$719	$690	$661	$634	$608	$583

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-137% Premium

$136.43

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $14.57BVPS: $56.78

Revised Graham Formula+3.9%

$336.57

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings5.3% Yield

$17.26 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.6BYield: 5.3%

Reverse DCF: Market Growth Expectation

MODEST BARRIER

4.1% CAGR (Next 10 Yrs)

At the current price of $323.39, the market is assuming the business will compound Free Cash Flow at 4.1% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil FDS with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for FactSet Research Systems Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 22.2% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: FactSet Research Systems Inc. (FDS) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for FactSet Research Systems Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, FactSet Research Systems Inc. has an estimated DCF intrinsic fair value of $409.76 per share compared to its current market price of $323.39. This represents an estimated 21.1% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $136.43.