ITV PLC (ITV) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of ITV PLC stock £1.03, price £0.67, upside +54.0%, quality 57 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
60‑month range £0.4085 – £0.8921 · fair‑value band £0.7100 – £1.34 · the £0.6690 price screens below the £1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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ITV plc, a vertically integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments.
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The ITV Studios segment creates and produces original scripted and unscripted content for a diverse customer base of global streamers, major networks, and cable channels, as well as local free to air and pay TV broadcasters, and operators across its production bases.
The Media & Entertainment segment broadcasts and streams various contents on its family of free-to-air TV channels, as well as through ITVX and third-party partners; and offers television advertising services, online advertising, and advertising around its content on YouTube.
ITV plc was founded in 1955 and is based in London, the United Kingdom.
Stock analysis
ITV PLC (ITV) currently trades at £0.6690, while our model-based Fair Value estimate is £1.03, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £1.42 per share, and 18 of the 24 models we run sit above the £0.6690 price.
Bear case: the Dividend Discount group reads lowest at £0.6150, and 6 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: £0.7100 (bear) to £1.34 (bull), the price of £0.6690 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 57/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ITV PLC reported revenue of £3.5B in FY2025 versus £3.5B in FY2021, a compound +0.4%/yr. Reported net income was £220M in FY2025, compounding −12.7%/yr from FY2021.
Key figures
Market cap £2.5B Mid · P/E ratio 11.2 · P/S ratio 0.71 · EPS (TTM) £0.0600 · Dividend yield 7.5% · Net margin 6.6% · Return on equity 13.5% · Return on assets (EBIT) 10.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 6% fair-value upside, at 54%, ITV screens cheaper than that median.
Fair Value models
Bear£0.7100Fair Value £1.03Bull£1.34
Price £0.6690 · Upside +54.0%
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 (£0.0086 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.
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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+0.7%
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.
−2.0%
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.
+4.8%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 22 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.
+3.2%
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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.
−1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.0%
Dividend (yield on the price)7.5%
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.−9.0% vs −6.6%, steady
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.17% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as 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).
+6.7%
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.
+1.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +4.3% a year for the price and −0.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (83 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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: ITV shows moderate moat potential through global content production at ITV Studios and ITVX streaming growth, yet its main weakness is thin evidence of advantages combined with streaming pressures and limited pricing strength.
Main risk: Streaming competition pressure threatens to reduce demand for ITV's traditional broadcasting operations and hit advertising revenues across the retained digital and linear segments.
ITV continues executing its strategy by returning cash to shareholders via the ongoing buyback tied to the M&E sale to Sky while ITV Studios focuses on global content production. Its streaming service ITVX reached three billion streams two months ahead of last year amid rising viewing hours. Will the studios arm generate enough independent growth to sustain the group or will the retained digital operations provide the real buffer against traditional broadcasting pressures?
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.Broadcasting · 62 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+55.6% · Above median
Profitability
Return on equity (12 months)13.5% · Top 25%
Return on assets5.1% · Top 25%
Net margin (12 months)6.6% · Above median
Operating margin (12 months)7.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.1% · Below median
Dividend yield (12 months)7.5% · Above median
Balance sheet
Debt / equity0.25× · Above median
Valuation Multiplesvs Broadcasting median · lower = cheaper
P/E (12 months)11.2× · Cheaper than median
P/B1.40× · Pricier than median
P/S (12 months)0.71× · Cheaper than median
Price / free cash flow (fiscal year)14.3× · Pricier than median
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). "ITV PLC Fair Value". https://www.fairvalue-calculator.com/stock/ITV
Frequently asked questions
Is ITV PLC (ITV) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £1.03 versus a price of £0.6690, about +54% upside (undervalued).
What is the fair value of ITV?
Our model-based fair value for ITV PLC is £1.03 (as of Nov 8, 2026), built from audited fundamentals. The current price: £0.6690.
What is the quality score of ITV?
ITV PLC has a Quality Score of 57/100. 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 ITV PLC (ITV)?
Our model-based price target is the fair value of £1.03 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario £0.7100, optimistic scenario £1.34. It is a calculation from audited fundamentals, not an analyst target.
What is the ITV PLC stock forecast for 2026?
Our models put fair value at £1.03, about +54% upside versus a price of £0.6690 (undervalued). Cautious scenario £0.7100, optimistic scenario £1.34. The calculation is refreshed regularly with new filings.
What is the revenue of ITV PLC (ITV)?
ITV PLC reported trailing-twelve-month revenue of about £3.5B (latest available figure, as of Nov 8, 2026).
Does ITV PLC pay a dividend?
ITV PLC currently shows a dividend yield of 7.47% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of ITV PLC (ITV) and when is the ex-dividend date?
ITV PLC pays a dividend of £0.05 per share a year, a dividend yield of 7.5%. The last ex-dividend date was Oct 15, 2026. A dividend has been paid every year since 2022. The payout ratio is 57.5% of earnings (on adjusted earnings, reported 83.3%). Free cash flow covers the dividend 0.97 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into ITV PLC (ITV)?
For today's price to be fair in a discounted-cash-flow model, ITV PLC would have to grow free cash flow by +6.7 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ITV use?
Our models discount ITV PLC at 9.7 %: a base by market capitalisation (mid), damped by beta 0.79, country premium for United Kingdom. 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 ITV PLC that is +6.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has ITV PLC (ITV) delivered so far?
Over the past 5 years revenue at ITV PLC grew +4.8 % a year. The price currently implies free-cash-flow growth of +6.7 % 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 ITV PLC (ITV) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into ITV PLC (+6.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ITV PLC (ITV)?
The free-cash-flow yield on the price is 6.91 %: that much free cash flow ITV PLC produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ITV PLC (ITV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ITV PLC it is £1.03 per share (as of Nov 8, 2026), against a price of £0.6690. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is ITV PLC stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ITV trades below its calculated fair value: price £0.6690, fair value £1.03, a gap of about +54% (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 ITV?
No. The price is what the market pays today (£0.6690); the fair value is what the company's own numbers justify (£1.03). For ITV PLC the two are £0.3610 per share apart. That gap is exactly why we show both numbers side by side.
How much is ITV PLC worth?
The market values ITV PLC at about £2.5B (market capitalisation, as of Nov 8, 2026). Per share that is £0.6690; our models calculate a fair value of £1.03 per share.
What do the bullish and bearish scenarios say about ITV?
Our models span a range for ITV PLC: cautious scenario £0.7100, base £1.03, optimistic £1.34 per share (as of Nov 8, 2026, price £0.6690). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITV?
ITV PLC trades at a price-to-earnings ratio of 11.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.03 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 8.0 (reported for FY2025: 11.5). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.0. Other multiples: PEG 0.9, P/B 1.4, P/S 0.7, EV/EBITDA 5.1.
What is the PEG ratio of ITV?
The PEG ratio of ITV PLC is 0.90 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of ITV PLC (ITV)?
Balance-sheet figures for ITV PLC (as of Nov 8, 2026): return on equity 13.5%, debt of 0.25 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is ITV from its 52-week high?
ITV PLC trades at £0.6690, about 17% below its 52-week high of £0.8063 and 4% above the low of £0.6407 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of £1.03 is for.
Which stocks are comparable to ITV PLC?
From the same area (Communication Services) we also value Nexstar Media Group, Sun TV Network Limited, Jiangsu Broadcasting Cable Information Network Corporation, SES S.A, 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 ITV PLC stock attractive at the current price?
The data as of Nov 8, 2026: price £0.6690, calculated fair value £1.03 (+54%), Quality Score 57/100, 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 ITV calculated?
We run ITV PLC through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £1.03 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 13.3% above its aggregate fair value. ITV PLC currently trades 35% 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 ITV PLC (ITV)?
The closing price on Nov 9, 2026 was £0.6690. Our model-based fair value is £1.03, about +54% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ITV PLC right now?
The price is below even our cautious bear case (£0.7100). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (£0.7100 to £1.34) leaves room in how you read the outcome.
Where does the earnings growth of ITV PLC (ITV) come from?
Earnings per share at ITV PLC grew −5.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.6 %, EBIT margin −10.2 %, tax rate +0.1 %, residual (interest, one-offs) +2.6 %. 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 ITV PLC
How large is the market capitalisation of ITV PLC (ITV)?
The market capitalisation of ITV PLC is £2.5B. 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 ITV PLC (ITV)?
The price-to-sales ratio of ITV PLC is 0.71 (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 ITV PLC (ITV)?
Earnings per share at ITV PLC are £0.0600 (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ITV PLC (ITV)?
The dividend yield of ITV PLC is 7.5% (payout 57.5%, on adjusted earnings, reported 83.3%). 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 ITV PLC (ITV)?
The net margin of ITV PLC is 6.6% (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 ITV PLC (ITV)?
The return on equity (ROE) of ITV PLC is 13.5% (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 ITV PLC (ITV)?
On an EBIT basis the return on assets of ITV PLC is 10.7% (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 ITV PLC (ITV)?
The operating margin of ITV PLC is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ITV PLC (ITV)?
Revenue at ITV PLC is growing +1.1% versus a year earlier (3y avg −2.0%). 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 ITV PLC (ITV)?
Earnings per share at ITV PLC are growing +26.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ITV PLC (ITV) carry?
The net debt of ITV PLC is £574M (fiscal year 2025, ≈ 3.3 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 8, 2026