Donnelley Financial Solutions Inc (DFIN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Donnelley Financial Solutions Inc stock $17.19, price $66.98, that is 74.3% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 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 $25.60 – $69.90 · fair‑value band $12.89 – $21.49 · the $66.98 price screens above the $17.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Donnelley Financial Solutions, Inc. provides compliance and regulatory software and services in the United States, Asia, Europe, Canada, and internationally.
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It operates through four segments: Capital Markets " Software Solutions (CM-SS); Capital Markets " Compliance and Communications Management (CM-CCM); Investment Companies " Software Solutions (IC-SS); and Investment Companies " Compliance and Communications Management (IC-CCM). The CM-SS segment provides Venue and ActiveDisclosure solutions to public and private companies to manage public and private transactional and compliance processes; collaborate; and tag, validate, and file SEC documents.
The CM-CCM segment offers tech-enabled services and print and distribution solutions to public and private companies for deal solutions and SEC compliance requirements.
The IC-SS segment provides clients with the Arc Suite platform that contains a comprehensive suite of cloud-based solutions, including ArcDigital, ArcReporting, ArcPro, and ArcRegulatory, as well as services that enable storage and management of compliance and regulatory information in a self-service and central repository for accessing, assembling, editing, translating, rendering, and submitting documents to regulators and investors.
The IC-CCM segment offers tech-enabled solutions for creating, filing and distributing regulatory communications, and solutions for investor communications, as well as iXBRL-formatted filings pursuant for Investment Company Act through the SEC's EDGAR system.
This segment provides turnkey proxy services, including discovery, planning and implementation, print and mail management, solicitation, tabulation services, stockholder meeting review, and expert support. The company was founded in 1983 and is headquartered in Lancaster, Pennsylvania.
Stock analysis
Donnelley Financial Solutions Inc (DFIN) currently trades at $66.98, while our model-based Fair Value estimate is $17.19, 74% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $52.00 per share, and 0 of the 7 models we run sit above the $66.98 price.
Bear case: the Earnings-Based group reads lowest at $10.99, and 7 of the 7 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $12.89 (bear) to $21.49 (bull), the price of $66.98 sits above 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 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Donnelley Financial Solutions Inc reported revenue of $767M in FY2025 versus $993M in FY2021, a compound −6.3%/yr. Reported net income was $32.4M in FY2025, compounding −31.4%/yr from FY2021.
Key figures
Market cap $1.7B Small · P/E ratio 17.6 · P/S ratio 2.19 · EPS (TTM) $3.81 · Net margin 12.4% · Return on equity 23.4% · Return on assets (EBIT) 18.7% (5-year average) · Operating margin 17.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 82% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −74%, DFIN screens richer than that median.
Fair Value models
Bear$12.89Fair Value $17.19Bull$21.49
Price $66.98 · Downside -74.3%
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 ($3.26 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, one officer or director bought shares worth $999,945, on Sep 2, 2026. Over the same period, 4 people sold shares worth $9.2M.
SaleDaniel LeibChief Executive Officer, Director4× since Feb 26, 2026: 35,000 shares, avg. $58.03$2.0MNov 4, 2026
SaleCraig ClaySenior Advisor90,046 shares at $67.59$6.1MNov 3, 2026
SaleKami TurnerChief Accounting Officer12,100 shares at $67.06$811,464Nov 2, 2026
SaleRobert Kirk WilliamsChief People & Intl Officer2× since Mar 3, 2026: 28,371 shares, avg. $50.18$1.4MSep 3, 2026
BuyJoseph Leo BinzDirector20,780 shares at $48.12$999,945Sep 2, 2026
SaleEric J JohnsonPresident, GIC20,280 shares at $50.16$1.0MMar 6, 2026
Plus 11 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.9%
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.
−2.7%
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.
−3.0%
Start year 2020 (pandemic). Over 10 years: −3.1% a year
Revenue growth 12 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.
−2.9%
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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: EBIT basis.
+18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.6%
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.−15.2% vs −4.4%, slowing
Profit margin 2019 to 2024 ⓘ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.9% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+8.9%
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.
+3.0%
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 +6.4% a year for the price and +0.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Donnelley Financial Solutions Inc with another stock
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.Software - Application · 630 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside−74.3% · Bottom 25%
Profitability
Return on equity (12 months)23.4% · Top 25%
Return on assets4.1% · Above median
Net margin (12 months)12.4% · Above median
Operating margin (12 months)17.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.5% · Below median
Balance sheet
Debt / equity0.44× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)17.6× · Cheaper than median
P/B4.54× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)2.19× · Cheaper than median
Price / free cash flow (fiscal year)16.0× · Cheaper than median
EV/EBITDA11.5× · Cheaper than median
PEG0.97× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)28· sector 40
PAST (return on equity)94· sector 20
HEALTH (low debt)78· sector 98
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
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.
Is Donnelley Financial Solutions Inc (DFIN) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $17.19 versus a price of $66.98, about 74% lower (overvalued).
What is the fair value of DFIN?
Our model-based fair value for Donnelley Financial Solutions Inc is $17.19 (as of Nov 6, 2026), built from audited fundamentals. The current price: $66.98.
What is the quality score of DFIN?
Donnelley Financial Solutions Inc has a Quality Score of 67/100. 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 Donnelley Financial Solutions Inc (DFIN)?
Our model-based price target is the fair value of $17.19 (as of Nov 6, 2026) from 7 valuation models. Cautious scenario $12.89, optimistic scenario $21.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Donnelley Financial Solutions Inc stock forecast for 2026?
Our models put fair value at $17.19, about 74% lower versus a price of $66.98 (overvalued). Cautious scenario $12.89, optimistic scenario $21.49. The calculation is refreshed regularly with new filings.
What is the revenue of Donnelley Financial Solutions Inc (DFIN)?
Donnelley Financial Solutions Inc reported trailing-twelve-month revenue of about $787M (latest available figure, as of Nov 6, 2026).
What growth is priced into Donnelley Financial Solutions Inc (DFIN)?
For today's price to be fair in a discounted-cash-flow model, Donnelley Financial Solutions Inc would have to grow free cash flow by +8.9 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of DFIN use?
Our models discount Donnelley Financial Solutions Inc at 10.5 %: a base by market capitalisation (small), damped by beta 0.75, 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 Donnelley Financial Solutions Inc that is +8.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Donnelley Financial Solutions Inc (DFIN) delivered so far?
Over the past 5 years revenue at Donnelley Financial Solutions Inc grew -3.0 % a year. The price currently implies free-cash-flow growth of +8.9 % 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 Donnelley Financial Solutions Inc (DFIN) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Donnelley Financial Solutions Inc (+8.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Donnelley Financial Solutions Inc (DFIN)?
The free-cash-flow yield on the price is 6.26 %: that much free cash flow Donnelley Financial Solutions Inc produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Donnelley Financial Solutions Inc (DFIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Donnelley Financial Solutions Inc it is $17.19 per share (as of Nov 6, 2026), against a price of $66.98. It is the blended result of 7 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit).
Is Donnelley Financial Solutions Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DFIN trades above its calculated fair value: price $66.98, fair value $17.19, a gap of about −74% (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 DFIN?
No. The price is what the market pays today ($66.98); the fair value is what the company's own numbers justify ($17.19). For Donnelley Financial Solutions Inc the two are $49.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Donnelley Financial Solutions Inc worth?
The market values Donnelley Financial Solutions Inc at about $1.7B (market capitalisation, as of Nov 6, 2026). Per share that is $66.98; our models calculate a fair value of $17.19 per share.
What do the bullish and bearish scenarios say about DFIN?
Our models span a range for Donnelley Financial Solutions Inc: cautious scenario $12.89, base $17.19, optimistic $21.49 per share (as of Nov 6, 2026, price $66.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DFIN?
Donnelley Financial Solutions Inc trades at a price-to-earnings ratio of 17.6 (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 $17.19 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 21.3 (reported for FY2025: 58.3). Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.8. Other multiples: PEG 1.0, P/B 4.5, P/S 2.2, EV/EBITDA 11.5.
What is the PEG ratio of DFIN?
The PEG ratio of Donnelley Financial Solutions Inc is 0.97 (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 Donnelley Financial Solutions Inc (DFIN)?
Balance-sheet figures for Donnelley Financial Solutions Inc (as of Nov 6, 2026): return on equity 23.4%, debt of 0.44 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is DFIN from its 52-week high?
Donnelley Financial Solutions Inc trades at $66.98, about 4% below its 52-week high of $69.60 and 82% above the low of $36.74 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $17.19 is for.
Which stocks are comparable to Donnelley Financial Solutions Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Donnelley Financial Solutions Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $66.98, calculated fair value $17.19 (−74%), Quality Score 67/100, from 7 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 DFIN calculated?
We run Donnelley Financial Solutions Inc through 7 models from 5 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $17.19 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 13.0% above its aggregate fair value. Donnelley Financial Solutions 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 Donnelley Financial Solutions Inc (DFIN)?
The closing price on Nov 6, 2026 was $66.98. Our model-based fair value is $17.19, about 74% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Donnelley Financial Solutions Inc right now?
The price sits above even our optimistic bull case ($21.49). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Donnelley Financial Solutions Inc (DFIN) come from?
Earnings per share at Donnelley Financial Solutions Inc grew +0.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.0 %, EBIT margin +4.6 %, tax rate +2.5 %, residual (interest, one-offs) −4.3 %. 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 Donnelley Financial Solutions Inc
How large is the market capitalisation of Donnelley Financial Solutions Inc (DFIN)?
The market capitalisation of Donnelley Financial Solutions Inc is $1.7B. 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 Donnelley Financial Solutions Inc (DFIN)?
The price-to-sales ratio of Donnelley Financial Solutions Inc is 2.19 (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 Donnelley Financial Solutions Inc (DFIN)?
Earnings per share at Donnelley Financial Solutions Inc are $3.81 (price ÷ EPS = P/E 17.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Donnelley Financial Solutions Inc (DFIN)?
The net margin of Donnelley Financial Solutions Inc is 12.4% (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 Donnelley Financial Solutions Inc (DFIN)?
The return on equity (ROE) of Donnelley Financial Solutions Inc is 23.4% (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 Donnelley Financial Solutions Inc (DFIN)?
On an EBIT basis the return on assets of Donnelley Financial Solutions Inc is 18.7% (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 Donnelley Financial Solutions Inc (DFIN)?
The operating margin of Donnelley Financial Solutions Inc is 17.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Donnelley Financial Solutions Inc (DFIN)?
Revenue at Donnelley Financial Solutions Inc is growing +5.5% versus a year earlier (3y avg −2.7%). 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 Donnelley Financial Solutions Inc (DFIN)?
Earnings per share at Donnelley Financial Solutions Inc are growing +12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Donnelley Financial Solutions Inc (DFIN) carry?
The net debt of Donnelley Financial Solutions Inc is $157M (fiscal year 2025, ≈ 1.5 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