F5 (0IL6) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of F5 $406, price $457, upside -11.3%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $97.34 – $457.14 · fair‑value band $312.82 – $527.32 · the $457.14 price screens above the $405.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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F5, Inc. provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.
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F5, Inc. provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud. It also offers unified, security, networking, and application management solutions, such as web app and API protection; multi-cloud networking; application delivery and deployment; domain name system; content delivery network; and application deployment and orchestration. In addition, the company provides application security and delivery products, including NGINX Plus; NGINX One Console; NGINX Ingress Controller; WAF for NGINX; BIG-IP Packaged Software; and BIG-IP Systems. Further, it provides a range of professional services, including maintenance, consulting, training, and other technical support services. The company sells its products to large enterprise businesses, public sector institutions, governments, and service providers through distributors, value-added resellers, managed service providers, systems integrators, and other indirect channel partners. It has partnerships with public cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company was formerly known as F5 Networks, Inc. and changed its name to F5, Inc. in November 2021. F5, Inc. was incorporated in 1996 and is headquartered in Seattle, Washington.
Stock analysis
F5 (0IL6) currently trades at $457.14, while our model-based Fair Value estimate is $405.64, 11.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $259.07 per share, and 0 of the 24 models we run sit above the $457.14 price.
Bear case: the Economic Profit group reads lowest at $93.62, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $312.82 (bear) to $527.32 (bull), the price of $457.14 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 80/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
F5 reported revenue of $3.1B in FY2025 versus $2.6B in FY2021, a compound +4.4%/yr. Reported net income was $692M in FY2025, compounding +20.2%/yr from FY2021.
Key figures
Market cap $26.7B · P/E ratio 0.7 · P/S ratio 0.15 · EPS (TTM) $5.68 · Net margin 22.4% · Return on equity 20.3% · Return on assets (EBIT) 10.0% · Operating margin 22.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −11%, 0IL6 screens cheaper than that median.
Fair Value models
Bear $312.82Fair Value $405.64Bull $527.32
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($5.68 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.Evidence ⓘEvidence = 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.
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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.7%
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.
+4.6%
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.
+5.6%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 27 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.
+27.1%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+21.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.4%
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.17.3% vs 8.9%, picking up
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.18% → 25%
2025 sits 81% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 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).
+23.4%
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.
+6.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +20.5% a year for the price and +3.8% for the forecasts.
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.IT Services · 26 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside−11.3% · Above median
Profitability
Return on equity (TTM)20.3% · Top 25%
Return on assets8.2% · Top 25%
Net margin (TTM)22.0% · Above median
Operating margin (TTM)22.0% · Top 25%
Growth and dividend
Revenue growth11.0% · Above median
Balance sheet
Debt / equity0.10× · Highest 25%
Valuation Multiplesvs IT Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "F5 Fair Value". https://www.fairvalue-calculator.com/stock/0IL6
Frequently asked questions
Is F5 (0IL6) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $405.64 versus a price of $457.14, about −11% upside (overvalued).
What is the fair value of 0IL6?
Our model-based fair value for F5 is $405.64 (as of Sep 24, 2026), built from audited fundamentals. The current price: $457.14.
What is the quality score of 0IL6?
F5 has a Quality Score of 80/100. 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 F5 (0IL6)?
Our model-based price target is the fair value of $405.64 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $312.82, optimistic scenario $527.32. It is a calculation from audited fundamentals, not an analyst target.
What is the F5 stock forecast for 2026?
Our models put fair value at $405.64, about −11% upside versus a price of $457.14 (overvalued). Cautious scenario $312.82, optimistic scenario $527.32. The calculation is refreshed regularly with new filings.
What is the revenue of F5 (0IL6)?
F5 reported trailing-twelve-month revenue of about $3.2B (latest available figure, as of Sep 24, 2026).
What growth is priced into F5 (0IL6)?
For today's price to be fair in a discounted-cash-flow model, F5 would have to grow free cash flow by +23.4 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0IL6 use?
Our models discount F5 at 10.4 %: a base by market capitalisation (unknown), damped by beta 1.03, country premium for United Kingdom. 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 F5 that is +23.4 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has F5 (0IL6) delivered so far?
Over the past 5 years revenue at F5 grew +5.6 % a year. The price currently implies +23.4 % per year free-cash-flow growth a 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 F5 (0IL6) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into F5 (+23.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of F5 (0IL6)?
The free-cash-flow yield on the price is 2.56 %: that much free cash flow F5 produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of F5 (0IL6)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For F5 it is $405.64 per share (as of Sep 24, 2026), against a price of $457.14. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is F5 stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0IL6 trades above its calculated fair value: price $457.14, fair value $405.64, a gap of about −11% (overvalued). 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 0IL6?
No. The price is what the market pays today ($457.14); the fair value is what the company's own numbers justify ($405.64). For F5 the two are $51.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is F5 worth?
The market values F5 at about $26.7B (market capitalisation, as of Sep 24, 2026). Per share that is $457.14; our models calculate a fair value of $405.64 per share.
What do the bullish and bearish scenarios say about 0IL6?
Our models span a range for F5: cautious scenario $312.82, base $405.64, optimistic $527.32 per share (as of Sep 24, 2026, price $457.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0IL6?
F5 trades at a price-to-earnings ratio of 0.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $405.64 is built from several models across several years.
How solid is the balance sheet of F5 (0IL6)?
Balance-sheet figures for F5 (as of Sep 24, 2026): return on equity 20.3%, debt of 0.10 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 0IL6 from its 52-week high?
F5 trades at $457.14, at its 52-week high of $457.14 and 103% above the low of $225.51 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $405.64 is for.
Which stocks are comparable to F5?
From the same area (Industrials) we also value BLUECLOUDS, CEINSYSTECH, SOFTSOL, ALPHALOGIC, 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 F5 stock attractive at the current price?
The data as of Sep 24, 2026: price $457.14, calculated fair value $405.64 (−11%), Quality Score 80/100, 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 0IL6 calculated?
We run F5 through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $405.64, 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 14.5 % above its aggregate fair value. F5 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 F5 (0IL6)?
The closing price on Oct 2, 2026 was $457.14. Our model-based fair value is $405.64, about −11% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with F5 right now?
The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of F5 (0IL6) come from?
Earnings per share at F5 grew +7.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.3 %, EBIT margin −2.8 %, tax rate +2.8 %, residual (interest, one-offs) +0.4 %. 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 F5
How large is the market capitalisation of F5 (0IL6)?
The market capitalisation of F5 is $26.7B. 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 F5 (0IL6)?
The price-to-sales ratio of F5 is 0.15 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of F5 (0IL6)?
Earnings per share at F5 are $5.68 (price ÷ EPS = P/E 0.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of F5 (0IL6)?
The net margin of F5 is 22.4% (fiscal year 2025). 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 F5 (0IL6)?
The return on equity (ROE) of F5 is 20.3% (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 F5 (0IL6)?
On an EBIT basis the return on assets of F5 is 10.0% (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 F5 (0IL6)?
The operating margin of F5 is 22.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at F5 (0IL6)?
Revenue at F5 is growing +11.0% versus a year earlier (3y avg +4.6%). 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 F5 (0IL6)?
Earnings per share at F5 are growing +4.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does F5 (0IL6) hold?
F5 holds more cash than debt, $1.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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