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CRA International, Inc (CRAI) Fair Value & Analysis

Industrials · US · Market cap $896M

CI CRA International, Inc logo CRA International, Inc CRAI · US
Price$169.31
Fair Value$149.28
Upside-11.8%
Quality68/100
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Mixed Growth
Thin margins · 6.2% net margin
Low debt · generates free cash flow
1.44% dividend yield
Ranks above peers (9/15)
Moderate moat 58/100
Evidence: High Range $80.12 – $222.50 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Share price +10.0% over the past month.

A solid business, but screening 12% overvalued on our models.

What matters now

  • The model range is unusually wide ($80.12 to $222.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from $80.12 (bear) to $222.50 (bull), base $149.28. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$221.72 $74.63 Fair Value $149.28 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range $74.63 – $221.72 · fair‑value band $80.12 – $222.50 · the $169.31 price screens above the $149.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

CRA International, Inc (CRAI) currently trades at $169.31, while our model-based Fair Value estimate is $149.28, implying the stock looks roughly 11.8% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CRA International, Inc generated revenue of $771M at a net margin of 6.2%. Revenue grew 10.5% year over year. It earns a return on equity of 22.5%. Net debt stands at $75.0M. Fundamentals as of Jul 15, 2026

Our scenario range runs from $80.12 (bear case) to $222.50 (bull case); at $169.31, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -15% fair-value upside, at -12%, CRAI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $30.85 $44.36 $62.46 80
Residual Income $48.85 $67.07 $325.64 76
Rev-Margin DCF $82.03 $145.14 $220.21 74
All 26 models by family
DCF Models
FCF DCF $30.88 $45.37 $65.63 38
Owner Earnings $124.45 $187.26 $275.05 31
5Y Revenue Exit $82.03 $147.16 $233.68 39
5Y EBITDA Exit $106.27 $193.97 $300.26 41
5Y P/E Exit $86.44 $155.67 $231.20 38
10Y Revenue Exit $57.63 $108.76 $183.03 36
10Y EBITDA Exit $75.05 $138.98 $230.87 37
10Y P/E Exit $63.34 $114.26 $181.25 35
Earnings-Based
Graham-Dodd $57.64 $209.02 $281.92 54
Lynch FV $49.60 $70.86 $92.12 50
PEG = 1.0 $49.60 $70.86 $92.12 46
EPV $78.74 $89.09 $97.72 59
Dividend Discount
Gordon GGM $16.63 $29.96 $41.24 70
DDM Multi-Stage $16.63 $27.37 $32.00 61
Multiples
P/E Multiple $133.50 $178.00 $222.50 63
P/S Multiple $108.07 $144.10 $180.12 58
P/B Multiple $108.07 $144.10 $180.12 55
EV/EBIT $166.80 $221.46 $276.12 53
EV/EBITDA $172.73 $229.37 $286.01 54
EV/Revenue $119.86 $170.02 $220.18 43
Asset-Based
NCAV (Graham) $16.52 $22.14 $33.05 50
Growth DCF
Growth DCF $30.85 $44.36 $62.46 80
Rev-Margin DCF $82.03 $145.14 $220.21 74
Economic Profit
Residual Income $48.85 $67.07 $325.64 76
ROIC Compounder $84.34 $102.43 $122.32 72
Growth Earnings
Growth-Adj P/E $93.89 $134.12 $174.36 68

Widest divergence: Multiples ($170.02) versus Asset-Based ($22.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $771M
Revenue growth (YoY) +10.5%
Net margin 6.2%
Return on equity 22.5%
Free cash flow $18.6M FY2025
P/E ratio 19.2
More key figures
Operating margin 9.0%
EPS (TTM) $7.21
Dividend yield 1.4%
EPS growth (YoY) -35.5%
Net debt $75.0M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 43

Profitability 68
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CRA International, Inc., together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guide corporations through business strategy and performance-related issues.

Full company description

CRA International, Inc., together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guide corporations through business strategy and performance-related issues. The company also offers consulting services, including research and analysis, expert testimony, and comprehensive support in litigation and regulatory proceedings in the areas of finance, accounting, economics, insurance, and forensic accounting and investigations to corporate clients and attorneys. In addition, it provides management consulting services, such as strategy development, performance improvement, corporate strategy and portfolio analysis, estimation of market demand, environmental, social and corporate governance and sustainability strategy and analysis, design and implementation of auction and bidding, new product pricing strategies, survey and market research, valuation of intellectual property and other assets, assessment of competitors' actions, and analysis of new sources of supply. The company serves various industries comprising blockchain and cryptocurrency; communications and media; consumer, health, and wellness products; energy; entertainment and leisure; financial services; healthcare; life sciences; manufacturing and industries; natural resources; retail and distribution; technology; and transportation. The company was incorporated in 1965 and is headquartered in Boston, Massachusetts.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CRA International, Inc reported revenue of $752M in FY2025 versus $566M in FY2021, a compound +7.4%/yr. Reported net income was $54.8M in FY2025, compounding +7.1%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$752M
Latest YoY
+9.3%
Avg. growth/yr (3Y)
+8.3%
Avg. growth/yr (5Y)
+8.1%
Avg. growth/yr (28Y)
+10.6%
Revenue +7.4%/yr
FY21 $566M
FY22 $591M
FY23 $624M
FY24 $687M
FY25 $752M
Net income +7.1%/yr
FY21 $41.7M
FY22 $43.6M
FY23 $38.5M
FY24 $46.7M
FY25 $54.8M

CRAI screens 12% overvalued. Compare with Verisk Analytics, Inc →

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Cite: Fair Value Calculator (2026). "CRA International, Inc Fair Value". https://www.fairvalue-calculator.com/stock/CRAI

Peer Group

Consulting Services · 83 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside −12% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 8% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 1.4% · Below median

Valuation Multiples vs Consulting Services median · lower = cheaper

P/E (TTM) 19.2× · Pricier than median
P/B 4.20× · Pricier than 75% of peers
P/S (TTM) 1.16× · Pricier than median
P/FCF 48.3× · Pricier than 75% of peers
EV/EBITDA 9.8× · Cheaper than median
PEG 1.02× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 20
FUTURE 53 · sector 11
PAST 90 · sector 41
HEALTH 100 · sector 89
DIVIDEND 29 · sector 52

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Consulting Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Verisk Analytics, Inc VRSK $201.49 $145.58 -28%
SGS SA SGSN CHF 94.68 CHF 68.96 -27%
Equifax Inc EFX $177.08 $101.34 -43%
Bureau Veritas SA BVI €27.20 €27.81 +2%
ALS Limited ALQ A$21.96 A$11.02 -50%
Booz Allen Hamilton Holding BAH $63.94 $120.62 +89%
DKSH Holding DKSH CHF 67.60 CHF 64.81 -4%
FTI Consulting, Inc FCN $156.86 $171.64 +9%
Centre Testing International Group 300012 ¥14.06 ¥11.90 -15%
GRG Metrology & Test Group 002967 ¥16.56 ¥11.69 -29%

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Frequently asked questions

Is CRA International, Inc (CRAI) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $149.28 versus a price of $169.31, about −12% (overvalued).
What is the fair value of CRAI?
Our model-based fair value for CRA International, Inc is $149.28 (as of Jul 15, 2026), built from audited fundamentals. The current price is $169.31.
What is the quality score of CRAI?
CRA International, Inc has a Quality Score of 68/100. 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 revenue of CRA International, Inc (CRAI)?
CRA International, Inc reported trailing-twelve-month revenue of about $771M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of CRAI?
The net profit margin of CRA International, Inc is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does CRA International, Inc pay a dividend?
CRA International, Inc currently shows a dividend yield of about 1.44% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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