FTI Consulting Inc (FCN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of FTI Consulting Inc stock $182, price $196, that is 6.9% below the price, quality 71 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $130.45 – $231.00 · fair‑value band $102.37 – $236.80 · the $195.71 price screens above the $182.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance; Forensic and Litigation Consulting; Economic Consulting; and Technology, and Strategic Communications segments.
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The Corporate Finance segment provides transactions, transformation and turnaround, and restructuring services.
The Forensic and Litigation Consulting segment offers construction, projects and assets and environmental solutions, data and analytics, dispute advisory services, healthcare risk management and advisory, and risk and investigations, which include cybersecurity and financial services-related offerings.
The Economic Consulting segment provides antitrust and competition economics, financial economics, and international arbitration services.
The Technology segment offers blockchain and digital assets, information governance, privacy and security, investigations, litigation, M&A, and antitrust and competition services.
The Strategic Communications segment provides corporate reputation, financial communications, and public affairs services.
It serves aerospace and defense, airlines and aviation, blockchain and digital assets, chemicals, construction and environmental solutions, energy, financial services, food and agribusiness, healthcare and life sciences, hospitality, gaming and leisure, automotive and industrial, insurance, mining, power and products, renewable and energy transition, professional services, public sector and government contracts, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics sectors.
The company was incorporated in 1982 and is headquartered in Washington, the District of Columbia.
Stock analysis
FTI Consulting Inc (FCN) currently trades at $195.71, while our model-based Fair Value estimate is $182.15, so the stock looks roughly fairly valued today (gap 7.4%).
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Valuation
Bull case: the Multiples group reads highest at a median of $197.23 per share, and 8 of the 24 models we run sit above the $195.71 price.
Bear case: the Earnings-Based group reads lowest at $112.97, and 16 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $102.37 (bear) to $236.80 (bull), the price of $195.71 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
FTI Consulting Inc reported revenue of $3.8B in FY2025 versus $2.8B in FY2021, a compound +8.1%/yr. Reported net income was $271M in FY2025, compounding +3.6%/yr from FY2021.
Key figures
Market cap $6.2B Mid · P/E ratio 23.6 · P/S ratio 1.57 · EPS (TTM) $8.30 · Net margin 5.9% · Return on equity 15.2% · Return on assets (EBIT) 10.5% (5-year average) · Operating margin 13.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at −7%, FCN screens richer than that median.
Fair Value models
Bear$102.37Fair Value $182.15Bull$236.80
Price $195.71 · Downside -6.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($7.12 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors bought shares worth $2.1M, most recently on May 13, 2026. Over the same period, 2 people sold shares worth $967,018. Buying cluster
SalePaul Alderman LintonChief Strategy/Transf. Officer4,378 shares at $190.00$831,820Nov 3, 2026
SaleElsy Lisa BoglioliDirector900 shares at $150.22$135,198Aug 11, 2026
BuyEun NamChief Financial Officer2,000 shares at $144.59$289,180May 13, 2026
BuySteven Henry GunbyCEO, Chairman and President, Director10,000 shares at $144.17$1.4MMay 13, 2026
BuyPaul Alderman LintonChief Strategy/Transf. Officer2,400 shares at $144.04$345,696May 13, 2026
SaleCurtis P LuGeneral Counsel8,710 shares at $166.60$1.5MMar 9, 2026
Plus 10 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+8.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.7% vs 17.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +21.2% a year for the price and +3.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: FTI's addition of AI experts bolsters its capacity to guide clients on complex transformations, while its main weakness lies in limited signals of a durable moat and sparse supporting evidence.
Main risk: Analysts note ongoing uncertainty around how artificial intelligence could affect FTI Consulting’s business, potentially limiting demand or margins for its advisory services in risk, transformation and investigations.
Bull case: FTI could leverage its expanding AI advisory and IQ.AI tools to help clients manage AI risks and transformations, turning the technology shift into higher-value engagements across risk, healthcare and restructuring.
Bear case: If AI commoditises parts of advisory work and talent continues to migrate to rivals like Econic, FTI’s specialised economic and forensic segments could see sustained revenue pressure and margin compression.
FTI Consulting has added several senior experts focused on AI-enabled risk, healthcare and technology transformation. These moves strengthen its ability to advise clients on complex change while the core business remains tied to crisis and restructuring work. Will the firm capture more value by integrating AI into its offerings than it risks losing as clients build these capabilities in-house?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Consulting Services · 74 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−6.9% · Below median
Profitability
Return on equity (12 months)15.2% · Above median
Return on assets7.8% · Above median
Net margin (12 months)5.9% · Above median
Operating margin (12 months)13.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.9% · Above median
Balance sheet
Debt / equity0.21× · Below median
Valuation Multiplesvs Consulting Services median · lower = cheaper
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Is FTI Consulting Inc (FCN) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $182.15 versus a price of $195.71, about 7% lower (fairly valued).
What is the fair value of FCN?
Our model-based fair value for FTI Consulting Inc is $182.15 (as of Nov 6, 2026), built from audited fundamentals. The current price: $195.71.
What is the quality score of FCN?
FTI Consulting Inc has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for FTI Consulting Inc (FCN)?
Our model-based price target is the fair value of $182.15 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $102.37, optimistic scenario $236.80. It is a calculation from audited fundamentals, not an analyst target.
What is the FTI Consulting Inc stock forecast for 2026?
Our models put fair value at $182.15, about 7% lower versus a price of $195.71 (fairly valued). Cautious scenario $102.37, optimistic scenario $236.80. The calculation is refreshed regularly with new filings.
What is the revenue of FTI Consulting Inc (FCN)?
FTI Consulting Inc reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Nov 6, 2026).
What growth is priced into FTI Consulting Inc (FCN)?
For today's price to be fair in a discounted-cash-flow model, FTI Consulting Inc would have to grow free cash flow by +24.1 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of FCN use?
Our models discount FTI Consulting Inc at 9.7 %: a base by market capitalisation (mid), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For FTI Consulting Inc that is +24.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has FTI Consulting Inc (FCN) delivered so far?
Over the past 5 years revenue at FTI Consulting Inc grew +9.0 % a year. The price currently implies free-cash-flow growth of +24.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of FTI Consulting Inc (FCN) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into FTI Consulting Inc (+24.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of FTI Consulting Inc (FCN)?
The free-cash-flow yield on the price is 2.51 %: that much free cash flow FTI Consulting Inc produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FTI Consulting Inc (FCN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FTI Consulting Inc it is $182.15 per share (as of Nov 6, 2026), against a price of $195.71. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is FTI Consulting Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FCN trades above its calculated fair value: price $195.71, fair value $182.15, a gap of about −7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FCN?
No. The price is what the market pays today ($195.71); the fair value is what the company's own numbers justify ($182.15). For FTI Consulting Inc the two are $13.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is FTI Consulting Inc worth?
The market values FTI Consulting Inc at about $6.2B (market capitalisation, as of Nov 6, 2026). Per share that is $195.71; our models calculate a fair value of $182.15 per share.
What do the bullish and bearish scenarios say about FCN?
Our models span a range for FTI Consulting Inc: cautious scenario $102.37, base $182.15, optimistic $236.80 per share (as of Nov 6, 2026, price $195.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FCN?
FTI Consulting Inc trades at a price-to-earnings ratio of 23.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $182.15 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 20.7. Other multiples: PEG 1.0, P/B 3.6, P/S 1.6, EV/EBITDA 14.1.
What is the PEG ratio of FCN?
The PEG ratio of FTI Consulting Inc is 0.96 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of FTI Consulting Inc (FCN)?
Balance-sheet figures for FTI Consulting Inc (as of Nov 6, 2026): return on equity 15.2%, debt of 0.21 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is FCN from its 52-week high?
FTI Consulting Inc trades at $195.71, about 1% below its 52-week high of $198.32 and 50% above the low of $130.45 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $182.15 is for.
Which stocks are comparable to FTI Consulting Inc?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Bureau Veritas SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is FTI Consulting Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $195.71, calculated fair value $182.15 (−7%), Quality Score 71/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FCN calculated?
We run FTI Consulting Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $182.15 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. FTI Consulting Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of FTI Consulting Inc (FCN)?
The closing price on Nov 6, 2026 was $195.71. Our model-based fair value is $182.15, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FTI Consulting Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($102.37 to $236.80) leaves room in how you read the outcome.
Where does the earnings growth of FTI Consulting Inc (FCN) come from?
Earnings per share at FTI Consulting Inc grew +18.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.4 %, EBIT margin +2.3 %, tax rate +2.2 %, residual (interest, one-offs) +2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of FTI Consulting Inc
How large is the market capitalisation of FTI Consulting Inc (FCN)?
The market capitalisation of FTI Consulting Inc is $6.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of FTI Consulting Inc (FCN)?
The price-to-sales ratio of FTI Consulting Inc is 1.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FTI Consulting Inc (FCN)?
Earnings per share at FTI Consulting Inc are $8.30 (price ÷ EPS = P/E 23.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of FTI Consulting Inc (FCN)?
The net margin of FTI Consulting Inc is 5.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of FTI Consulting Inc (FCN)?
The return on equity (ROE) of FTI Consulting Inc is 15.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of FTI Consulting Inc (FCN)?
On an EBIT basis the return on assets of FTI Consulting Inc is 10.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of FTI Consulting Inc (FCN)?
The operating margin of FTI Consulting Inc is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FTI Consulting Inc (FCN)?
Revenue at FTI Consulting Inc is growing +5.9% versus a year earlier (3y avg +7.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at FTI Consulting Inc (FCN)?
Earnings per share at FTI Consulting Inc are growing −9.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FTI Consulting Inc (FCN) carry?
The net debt of FTI Consulting Inc is $324M (fiscal year 2025, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026