FactSet Research Systems Inc (FDS) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of FactSet Research Systems Inc stock $276, price $342, that is 19.4% below the price, quality 77 out of 100. Rating: overvalued. Calculated from audited financials with 11 of our 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. As of Nov 6, 2026.
How to read this chart
60‑month range $188.17 – $484.11 · fair‑value band $146.25 – $408.81 · the $342.19 price screens above the $275.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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FactSet Research Systems Inc., together with its subsidiaries, operates as a financial digital platform and enterprise solutions provider for the investment community.
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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 workflows.
The company also provides subscription-based financial data and market intelligence on securities, companies, industries, and people that enable clients to research 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 services through configurable desktop and mobile platform, data feeds, cloud-based digital solutions, and application programming interfaces. It operates in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and internationally.
The company serves investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals.
FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
Stock analysis
FactSet Research Systems Inc (FDS) currently trades at $342.19, while our model-based Fair Value estimate is $275.92, 19% 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 $275.92 per share, and 3 of the 11 models we run sit above the $342.19 price.
Bear case: the Dividend Discount group reads lowest at $77.40, and 8 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: $146.25 (bear) to $408.81 (bull), the price of $342.19 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 77/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
FactSet Research Systems Inc reported revenue of $2.5B in FY2026 versus $1.8B in FY2022, a compound +7.7%/yr. Reported net income was $533M in FY2026, compounding +7.7%/yr from FY2022.
Key figures
Market cap $12.6B Large · P/E ratio 23.5 · P/S ratio 5.11 · EPS (TTM) $14.57 · Dividend yield 1.3% · Net margin 21.5% · Return on equity 25.5% · Return on assets (EBIT) 15.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 82% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −30% fair-value upside, at −19%, FDS screens cheaper than that median.
Fair Value models
Bear$146.25Fair Value $275.92Bull$408.81
Price $342.19 · Downside -19.4%
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 2026 figures (about 2 months old). Earnings retained since then ($1.86 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, no officer or director bought or sold shares on the open market.
SaleMalcolm FrankDirector2,572 shares at $295.70$760,547Jan 12, 2026
SaleLaurie SiegelDirector2,572 shares at $296.25$761,944Jan 8, 2026
BuyGoran SkokoEVP, Chief Revenue Officer500 shares at $252.93$126,465Nov 6, 2025
Plus 3 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.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.7%
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.
+5.9%
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.
+9.2%
Start year 2021 (pandemic). Over 10 years: +8.2% 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.
+14.4%
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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.
+7.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)1.3%
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.7.1% vs 8.3%, steady
Profit margin 2021 to 2026 ⓘ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.30% → 28%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+6.5%
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.
+5.3%
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 +4.0% a year for the price and +2.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 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.Very negative
AI conclusion: Solid margins and returns provide a foundation for the business, yet thin signals on innovation and governance limit evidence of a durable competitive moat.
Main risk: Generative AI tools from providers like Anthropic could automate tasks that rely on FactSet's data and analytics, reducing demand from institutional clients and pressuring subscription prices or margins.
Bull case: FactSet could integrate its proprietary data deeply into AI platforms via partnerships like MCP, turning potential disruption into higher-value subscriptions and new revenue streams.
Bear case: AI tools could commoditise core analytics, and clients might then shift to cheaper or in-house solutions, eroding FactSet's recurring revenue base and platform stickiness.
FactSet is expanding its platform into wealth management via a deeper Scotia Wealth Management integration and adding private-markets workflows through a SUBSCRIBE partnership. These moves extend its data and analytics tools beyond core institutional clients into advisor and alternative-investment use cases. Will the new channels lift recurring revenue more than they dilute focus on high-margin enterprise relationships?
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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.Financial Data & Stock Exchanges · 49 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Above median
Fair Value upside−19.4% · Above median
Profitability
Return on equity (12 months)25.5% · Above median
Return on assets12.9% · Above median
Net margin (12 months)21.5% · Below median
Operating margin (12 months)24.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.3% · Below median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.68× · Highest 25%
Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper
P/E (12 months)23.5× · Cheaper than median
P/B6.32× · 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.
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). "FactSet Research Systems Inc Fair Value". https://www.fairvalue-calculator.com/stock/FDS
Frequently asked questions
Is FactSet Research Systems Inc (FDS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $275.92 versus a price of $342.19, about 19% lower (overvalued).
What is the fair value of FDS?
Our model-based fair value for FactSet Research Systems Inc is $275.92 (as of Nov 6, 2026), built from audited fundamentals. The current price: $342.19.
What is the quality score of FDS?
FactSet Research Systems Inc has a Quality Score of 77/100. 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 FactSet Research Systems Inc (FDS)?
Our model-based price target is the fair value of $275.92 (as of Nov 6, 2026) from 11 valuation models. Cautious scenario $146.25, optimistic scenario $408.81. It is a calculation from audited fundamentals, not an analyst target.
What is the FactSet Research Systems Inc stock forecast for 2026?
Our models put fair value at $275.92, about 19% lower versus a price of $342.19 (overvalued). Cautious scenario $146.25, optimistic scenario $408.81. The calculation is refreshed regularly with new filings.
What is the revenue of FactSet Research Systems Inc (FDS)?
FactSet Research Systems Inc reported trailing-twelve-month revenue of about $2.5B (latest available figure, as of Nov 6, 2026).
Does FactSet Research Systems Inc pay a dividend?
FactSet Research Systems Inc currently shows a dividend yield of 1.30% relative to its recent price (as of Nov 6, 2026).
What growth is priced into FactSet Research Systems Inc (FDS)?
For today's price to be fair in a discounted-cash-flow model, FactSet Research Systems Inc would have to grow free cash flow by +6.5 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of FDS use?
Our models discount FactSet Research Systems Inc at 8.7 %: a base by market capitalisation (large), damped by beta 0.77, 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 FactSet Research Systems Inc that is +6.5 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has FactSet Research Systems Inc (FDS) delivered so far?
Over the past 5 years revenue at FactSet Research Systems Inc grew +9.2 % a year. The price currently implies +6.5 % 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 FactSet Research Systems Inc (FDS) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into FactSet Research Systems Inc (+6.5 % 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 FactSet Research Systems Inc (FDS)?
The free-cash-flow yield on the price is 5.59 %: that much free cash flow FactSet Research Systems Inc produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FactSet Research Systems Inc (FDS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FactSet Research Systems Inc it is $275.92 per share (as of Nov 6, 2026), against a price of $342.19. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is FactSet Research Systems Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FDS trades above its calculated fair value: price $342.19, fair value $275.92, a gap of about −19% (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 FDS?
No. The price is what the market pays today ($342.19); the fair value is what the company's own numbers justify ($275.92). For FactSet Research Systems Inc the two are $66.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is FactSet Research Systems Inc worth?
The market values FactSet Research Systems Inc at about $12.6B (market capitalisation, as of Nov 6, 2026). Per share that is $342.19; our models calculate a fair value of $275.92 per share.
What do the bullish and bearish scenarios say about FDS?
Our models span a range for FactSet Research Systems Inc: cautious scenario $146.25, base $275.92, optimistic $408.81 per share (as of Nov 6, 2026, price $342.19). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FDS?
FactSet Research Systems Inc trades at a price-to-earnings ratio of 23.5 (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 $275.92 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, 6 of the years ex one-offs: 30.5. Other multiples: PEG 1.2, P/B 6.3, P/S 5.1, EV/EBITDA 15.7.
What is the PEG ratio of FDS?
The PEG ratio of FactSet Research Systems Inc is 1.22 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of FactSet Research Systems Inc (FDS)?
Balance-sheet figures for FactSet Research Systems Inc (as of Nov 6, 2026): return on equity 25.5%, debt of 0.68 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is FDS from its 52-week high?
FactSet Research Systems Inc trades at $342.19, at its 52-week high of $343.74 and 82% above the low of $188.17 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $275.92 is for.
Which stocks are comparable to FactSet Research Systems Inc?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Intercontinental Exchange, Inc, Moody's Corporation, 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 FactSet Research Systems Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $342.19, calculated fair value $275.92 (−19%), Quality Score 77/100, from 11 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 FDS calculated?
We run FactSet Research Systems Inc through 11 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 $275.92, 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 15.6% above its aggregate fair value. FactSet Research Systems 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 FactSet Research Systems Inc (FDS)?
The closing price on Nov 4, 2026 was $342.19. Our model-based fair value is $275.92, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FactSet Research Systems Inc right now?
A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide ($146.25 to $408.81). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of FactSet Research Systems Inc (FDS) come from?
Earnings per share at FactSet Research Systems Inc grew +8.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.5 %, EBIT margin +0.0 %, tax rate +1.3 %, residual (interest, one-offs) −1.7 %. 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 FactSet Research Systems Inc
How large is the market capitalisation of FactSet Research Systems Inc (FDS)?
The market capitalisation of FactSet Research Systems Inc is $12.6B. 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 FactSet Research Systems Inc (FDS)?
The price-to-sales ratio of FactSet Research Systems Inc is 5.11 (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 FactSet Research Systems Inc (FDS)?
Earnings per share at FactSet Research Systems Inc are $14.57 (price ÷ EPS = P/E 23.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FactSet Research Systems Inc (FDS)?
The dividend yield of FactSet Research Systems Inc is 1.3% (payout 30.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of FactSet Research Systems Inc (FDS)?
The net margin of FactSet Research Systems Inc is 21.5% (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 FactSet Research Systems Inc (FDS)?
The return on equity (ROE) of FactSet Research Systems Inc is 25.5% (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 FactSet Research Systems Inc (FDS)?
On an EBIT basis the return on assets of FactSet Research Systems Inc is 15.9% (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 FactSet Research Systems Inc (FDS)?
The operating margin of FactSet Research Systems Inc is 24.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FactSet Research Systems Inc (FDS)?
Revenue at FactSet Research Systems Inc is growing +6.3% versus a year earlier (3y avg +5.9%). 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 FactSet Research Systems Inc (FDS)?
Earnings per share at FactSet Research Systems Inc are growing −15.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FactSet Research Systems Inc (FDS) carry?
The net debt of FactSet Research Systems Inc is $1.3B (fiscal year 2026, ≈ 1.9 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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Nov 6, 2026