Green Thumb Industries Inc (GTBIF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Green Thumb Industries Inc $21.30, price $8.09, upside +163.3%, quality 63 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 $4.81 – $33.65 · fair‑value band $13.25 – $27.69 · the $8.09 price screens below the $21.30 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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Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods.
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Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, capsules, tinctures, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, RYM, and RHYTHM brands. It distributes its products to third-party licensed retail customers; and sells finished products to third-party licensed retail cannabis stores. Green Thumb Industries Inc. was founded in 2014 and is headquartered in Chicago, Illinois.
Stock analysis
Green Thumb Industries Inc (GTBIF) currently trades at $8.09, while our model-based Fair Value estimate is $21.30, implying the stock looks roughly 62.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $24.19 per share, and 20 of the 24 models we run sit above the $8.09 price.
Bear case: the Economic Profit group reads lowest at $3.45, and 4 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $13.25 (bear) to $27.69 (bull), the price of $8.09 sits below 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 63/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Green Thumb Industries Inc reported revenue of $1.2B in FY2025 versus $894M in FY2021, a compound +7.1%/yr. Reported net income was $114M in FY2025, compounding +10.9%/yr from FY2021.
Key figures
Market cap $1.9B · P/E ratio 15.0 · P/S ratio 1.46 · EPS (TTM) $0.5100 · Net margin 9.7% · Return on equity 6.6% · Return on assets (EBIT) 7.8% · Operating margin 13.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −8% fair-value upside, at 163%, GTBIF screens cheaper than that median.
Fair Value models
Bear $13.25Fair Value $21.30Bull $27.69
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 9 months old). Earnings retained since then ($0.3731 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.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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.4%
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.
+4.9%
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.
+16.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
+70.4%
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−0.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.3%
Dividend (yield on the price)0.0%
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.19% → 12%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−3.0%
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.
+4.4%
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 −5.3% a year for the price and +2.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (92 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.
Compare Green Thumb Industries 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.Drug Manufacturers - Specialty & Generic · 626 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+163% · Top 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets3% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)14% · Above median
Growth and dividend
Revenue growth7% · Above median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic 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). "Green Thumb Industries Inc Fair Value". https://www.fairvalue-calculator.com/stock/GTBIF
Frequently asked questions
Is Green Thumb Industries Inc (GTBIF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $21.30 versus a price of $8.09, about +163% upside (undervalued).
What is the fair value of GTBIF?
Our model-based fair value for Green Thumb Industries Inc is $21.30 (as of Sep 24, 2026), built from audited fundamentals. The current price: $8.09.
What is the quality score of GTBIF?
Green Thumb Industries Inc has a Quality Score of 63/100. 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 Green Thumb Industries Inc (GTBIF)?
Our model-based price target is the fair value of $21.30 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $13.25, optimistic scenario $27.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Green Thumb Industries Inc stock forecast for 2026?
Our models put fair value at $21.30, about +163% upside versus a price of $8.09 (undervalued). Cautious scenario $13.25, optimistic scenario $27.69. The calculation is refreshed regularly with new filings.
What is the revenue of Green Thumb Industries Inc (GTBIF)?
Green Thumb Industries Inc reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Sep 24, 2026).
What growth is priced into Green Thumb Industries Inc (GTBIF)?
For today's price to be fair in a discounted-cash-flow model, Green Thumb Industries Inc would have to grow free cash flow by -3.0 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of GTBIF use?
Our models discount Green Thumb Industries Inc at 11.1 %: a base by market capitalisation (small), damped by beta 0.95, 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 Green Thumb Industries Inc that is -3.0 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Green Thumb Industries Inc (GTBIF) delivered so far?
Over the past 5 years revenue at Green Thumb Industries Inc grew +16.1 % a year. The price currently implies -3.0 % 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 Green Thumb Industries Inc (GTBIF) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Green Thumb Industries Inc (-3.0 % 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 Green Thumb Industries Inc (GTBIF)?
The free-cash-flow yield on the price is 11.47 %: that much free cash flow Green Thumb Industries Inc produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Green Thumb Industries Inc (GTBIF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Green Thumb Industries Inc it is $21.30 per share (as of Sep 24, 2026), against a price of $8.09. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Green Thumb Industries Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, GTBIF trades below its calculated fair value: price $8.09, fair value $21.30, a gap of about +163% (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 GTBIF?
No. The price is what the market pays today ($8.09); the fair value is what the company's own numbers justify ($21.30). For Green Thumb Industries Inc the two are $13.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Green Thumb Industries Inc worth?
The market values Green Thumb Industries Inc at about $1.9B (market capitalisation, as of Sep 24, 2026). Per share that is $8.09; our models calculate a fair value of $21.30 per share.
What do the bullish and bearish scenarios say about GTBIF?
Our models span a range for Green Thumb Industries Inc: cautious scenario $13.25, base $21.30, optimistic $27.69 per share (as of Sep 24, 2026, price $8.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GTBIF?
Green Thumb Industries Inc trades at a price-to-earnings ratio of 15.0 (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 $21.30 is built from several models across several years. Other multiples: PEG 1.8, P/B 1.0, P/S 1.6, EV/EBITDA 6.4.
What is the PEG ratio of GTBIF?
The PEG ratio of Green Thumb Industries Inc is 1.79 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Green Thumb Industries Inc (GTBIF)?
Balance-sheet figures for Green Thumb Industries Inc (as of Sep 24, 2026): return on equity 6.6%, debt of 0.12 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is GTBIF from its 52-week high?
Green Thumb Industries Inc trades at $8.09, about 17% below its 52-week high of $9.70 and 53% above the low of $5.29 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $21.30 is for.
Which stocks are comparable to Green Thumb Industries Inc?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Jiangsu Hengrui Pharmaceuticals Co, Sun Pharmaceutical Industries Limited, 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 Green Thumb Industries Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $8.09, calculated fair value $21.30 (+163%), Quality Score 63/100, 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 GTBIF calculated?
We run Green Thumb Industries Inc 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 $21.30, 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 14.1 % above its aggregate fair value. Green Thumb Industries Inc currently trades 163 % 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 Green Thumb Industries Inc (GTBIF)?
The closing price on Sep 23, 2026 was $8.09. Our model-based fair value is $21.30, about +163% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Green Thumb Industries Inc right now?
The price is below even our cautious bear case ($13.25). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($13.25 to $27.69) leaves room in how you read the outcome.
Key figures of Green Thumb Industries Inc
How large is the market capitalisation of Green Thumb Industries Inc (GTBIF)?
The market capitalisation of Green Thumb Industries Inc is $1.9B. 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 Green Thumb Industries Inc (GTBIF)?
The price-to-sales ratio of Green Thumb Industries Inc is 1.46 (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 Green Thumb Industries Inc (GTBIF)?
Earnings per share at Green Thumb Industries Inc are $0.5100 (price ÷ EPS = P/E 15.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Green Thumb Industries Inc (GTBIF)?
The net margin of Green Thumb Industries Inc is 9.7% (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 Green Thumb Industries Inc (GTBIF)?
The return on equity (ROE) of Green Thumb Industries Inc is 6.6% (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 Green Thumb Industries Inc (GTBIF)?
On an EBIT basis the return on assets of Green Thumb Industries Inc is 7.8% (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 Green Thumb Industries Inc (GTBIF)?
The operating margin of Green Thumb Industries Inc is 13.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Green Thumb Industries Inc (GTBIF)?
Revenue at Green Thumb Industries Inc is growing +7.4% versus a year earlier (3y avg +4.9%). 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 Green Thumb Industries Inc (GTBIF)?
Earnings per share at Green Thumb Industries Inc are growing +89.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Green Thumb Industries Inc (GTBIF) carry?
The net debt of Green Thumb Industries Inc is $83.3M (fiscal year 2024, ≈ 0.4 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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Broad data
Sep 24, 2026