Fiserv, Inc. (FISV) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Fiserv, Inc. stock $99.52, price $62.74, upside +58.6%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 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 $44.36 – $237.79 · fair‑value band $50.11 – $166.27 · the $62.74 price screens below the $99.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Fiserv, Inc. provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through the Merchant Solutions and Financial Solutions segments.
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The company provides merchant acquiring and digital commerce services, mobile payment services, security and fraud protection solutions, stored-value solutions, software-as-a-service, and pay-by-bank solutions, as well as Clover, a point-of-sale and business management platform through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, independent sales organizations, financial institutions, and other strategic partners.
It also offers debit card processing services, debit network services, security and fraud protection products, bill payment; person-to-person payments, account-to-account transfers, credit card processing services, prepaid card processing services, card production services, print services, government payment processing, student loan processing, and customer loan and deposit account processing; digital banking; financial and risk management; and professional services and consulting, check processing, automated clearing house, and real-time payments.
It serves large enterprise, small business, banks, credit union, large financial institution, fintech, public sectors, and software providers. Fiserv, Inc. was incorporated in 1984 and is headquartered in Milwaukee, Wisconsin.
Stock analysis
Fiserv, Inc. (FISV) currently trades at $62.74, while our model-based Fair Value estimate is $99.52, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $99.52 per share, and 8 of the 9 models we run sit above the $62.74 price.
Bear case: the Economic Profit group reads lowest at $56.37, and 1 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $50.11 (bear) to $166.27 (bull), the price of $62.74 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 66/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Fiserv, Inc. Common Stock reported revenue of $21.2B in FY2025 versus $16.2B in FY2021, a compound +6.9%/yr. Reported net income was $3.5B in FY2025, compounding +27.1%/yr from FY2021.
Key figures
Market cap $33.6B Large · P/E ratio 9.3 · P/S ratio 1.52 · Net margin 16.4% · Return on assets (EBIT) 5.5% · Free cash flow $4.3B · Net debt $28.3B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (medium confidence).
What moves the price
The share trades about 10% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 9% fair-value upside, at 59%, FISV screens cheaper than that median.
Fair Value models
Bear$50.11Fair Value $99.52Bull$166.27
Price $62.74 · Upside +58.6%
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.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, 7 officers or directors bought shares worth $2.2M, most recently on Aug 7, 2026. Buying cluster
BuyLance M FritzDirector10,000 shares at $51.95$519,500Aug 7, 2026
BuyPaul M ToddChief Financial Officer2× since Dec 1, 2025: 27,060 shares, avg. $57.68$1.6MJun 17, 2026
BuyWafaa MamilliDirector2,960 shares at $50.59$149,746Jun 17, 2026
BuyAdam L. RosmanChief Admin. and Legal Officer2× since Dec 2, 2025: 18,050 shares, avg. $55.40$999,901Jun 16, 2026
BuyGordon M. NixonDirector7,500 shares at $49.57$371,775Jun 16, 2026
BuyHarry DiSimoneDirector2,088 shares at $48.41$101,080Jun 16, 2026
BuyCharlotte YarkoniDirector2,023 shares at $49.49$100,118Jun 16, 2026
Plus 14 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.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.6%
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.
+6.1%
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.
+7.4%
Start year 2020 (pandemic). Over 10 years: +15.0% a year
Revenue growth 40 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.
+17.6%
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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.
+29.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.2%
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.30.0% vs 15.5%, 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.13% → 27%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than 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).
+1.6%
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.
+0.9%
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 −0.8% a year for the price and −1.4% 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.Positive
Recent news coverage is more positive than average.
AI conclusion: The business maintains a moderate moat through scale and switching costs in fintech payments, offset by average ownership and human capital signals.
Main risk: AI-native fintechs could build purpose-built alternatives that displace Fiserv's digital banking, merchant analytics and core modernization platforms, squeezing software and services revenue.
Bull case: Fiserv could integrate agentic AI tools like agentOS across its platforms to retain banks and merchants while expanding into new AI-driven commerce workflows.
Bear case: Sustained client losses to AI-native and specialized fintech rivals could shrink Fiserv's installed base and compress margins in software and merchant services over several years.
Fiserv keeps seeing elevated attrition among financial services clients even while launching Commerce Hub for cross-border merchants and shipping its five millionth Clover device. A new CEO is reviewing divestitures including a debit network amid ongoing competition and past guidance shortfalls. Will the fresh board addition and cybersecurity partnerships stabilize the core business faster than client losses continue?
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Software” was too small, so the broader sector is used.)Financials · 2835 stocks
Beats the sector median on 6/11 measures
A mixed picture versus its sector peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+58.6% · Top 25%
Profitability
Return on assets4.3% · Top 25%
Net margin (12 months)16.4% · Below median
Operating margin (12 months)0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Balance sheet
Debt / equity1.01× · Highest 25%
Valuation Multiplesvs Financials median · lower = cheaper
P/E (12 months)9.3× · Cheaper than median
P/B1.30× · 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.
Price / free cash flow (fiscal year)7.8× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Fiserv, Inc. Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/FISV
Frequently asked questions
Is Fiserv, Inc. (FISV) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $99.52 versus a price of $62.74, about +59% upside (undervalued).
What is the fair value of FISV?
Our model-based fair value for Fiserv, Inc. Common Stock is $99.52 (as of Nov 6, 2026), built from audited fundamentals. The current price: $62.74.
What is the quality score of FISV?
Fiserv, Inc. Common Stock has a Quality Score of 66/100. 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 Fiserv, Inc. (FISV)?
Our model-based price target is the fair value of $99.52 (as of Nov 6, 2026) from 9 valuation models. Cautious scenario $50.11, optimistic scenario $166.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Fiserv, Inc. Common Stock stock forecast for 2026?
Our models put fair value at $99.52, about +59% upside versus a price of $62.74 (undervalued). Cautious scenario $50.11, optimistic scenario $166.27. The calculation is refreshed regularly with new filings.
What growth is priced into Fiserv, Inc. (FISV)?
For today's price to be fair in a discounted-cash-flow model, Fiserv, Inc. Common Stock would have to grow free cash flow by +1.6 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of FISV use?
Our models discount Fiserv, Inc. Common Stock at 9.2 %: a base by market capitalisation (large), 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 Fiserv, Inc. Common Stock that is +1.6 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Fiserv, Inc. (FISV) delivered so far?
Over the past 5 years revenue at Fiserv, Inc. Common Stock grew +7.4 % a year. The price currently implies +1.6 % 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 Fiserv, Inc. (FISV) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Fiserv, Inc. Common Stock (+1.6 % 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 Fiserv, Inc. (FISV)?
The free-cash-flow yield on the price is 12.91 %: that much free cash flow Fiserv, Inc. Common Stock produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fiserv, Inc. (FISV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fiserv, Inc. Common Stock it is $99.52 per share (as of Nov 6, 2026), against a price of $62.74. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Fiserv, Inc. Common Stock stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FISV trades below its calculated fair value: price $62.74, fair value $99.52, a gap of about +59% (undervalued). 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 FISV?
No. The price is what the market pays today ($62.74); the fair value is what the company's own numbers justify ($99.52). For Fiserv, Inc. Common Stock the two are $36.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fiserv, Inc. Common Stock worth?
The market values Fiserv, Inc. Common Stock at about $33.6B (market capitalisation, as of Nov 6, 2026). Per share that is $62.74; our models calculate a fair value of $99.52 per share.
What do the bullish and bearish scenarios say about FISV?
Our models span a range for Fiserv, Inc. Common Stock: cautious scenario $50.11, base $99.52, optimistic $166.27 per share (as of Nov 6, 2026, price $62.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FISV?
Fiserv, Inc. Common Stock trades at a price-to-earnings ratio of 9.3 (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 $99.52 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2018, FY2020, FY2021 ex one-offs: 34.9. Other multiples: PEG 1.9, P/B 1.3, EV/EBITDA 6.6.
What is the PEG ratio of FISV?
The PEG ratio of Fiserv, Inc. Common Stock is 1.86 (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 Fiserv, Inc. (FISV)?
Balance-sheet figures for Fiserv, Inc. Common Stock (as of Nov 6, 2026): debt of 1.01 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is FISV from its 52-week high?
Fiserv, Inc. Common Stock trades at $62.74, about 10% below its 52-week high of $69.85 and 41% above the low of $44.36 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $99.52 is for.
Which stocks are comparable to Fiserv, Inc. Common Stock?
From the same area (Technology) we also value LEENEE, The fund, NVIDIA Corporation, Microsoft 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 Fiserv, Inc. Common Stock stock attractive at the current price?
The data as of Nov 6, 2026: price $62.74, calculated fair value $99.52 (+59%), Quality Score 66/100, from 9 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 FISV calculated?
We run Fiserv, Inc. Common Stock through 9 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 $99.52, 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 15.5% above its aggregate fair value. Fiserv, Inc. Common Stock currently trades 37% below its own fair value, and the market average says nothing about that. 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 Fiserv, Inc. (FISV)?
The closing price on Nov 5, 2026 was $62.74. Our model-based fair value is $99.52, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fiserv, Inc. Common Stock right now?
The model range is unusually wide ($50.11 to $166.27). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Fiserv, Inc. (FISV) come from?
Earnings per share at Fiserv, Inc. Common Stock grew +14.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.6 %, EBIT margin +1.0 %, tax rate +2.4 %, residual (interest, one-offs) −2.7 %. 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 Fiserv, Inc. Common Stock
How large is the market capitalisation of Fiserv, Inc. (FISV)?
The market capitalisation of Fiserv, Inc. Common Stock is $33.6B. 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 Fiserv, Inc. (FISV)?
The price-to-sales ratio of Fiserv, Inc. Common Stock is 1.52 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Fiserv, Inc. (FISV)?
The net margin of Fiserv, Inc. Common Stock is 16.4% (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 EBIT return on assets of Fiserv, Inc. (FISV)?
On an EBIT basis the return on assets of Fiserv, Inc. Common Stock is 5.5% (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.
How much net debt does Fiserv, Inc. (FISV) carry?
The net debt of Fiserv, Inc. Common Stock is $28.3B (fiscal year 2025, ≈ 6.5 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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Nov 6, 2026