Kyndryl Holdings Inc (KD) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kyndryl Holdings Inc $19.80, price $12.11, upside +63.5%, quality 54 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
59‑month range $8.23 – $43.45 · fair‑value band $16.12 – $25.60 · the $12.11 price screens below the $19.80 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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Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.
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Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally. It offers cloud services; core enterprise services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. The company serves financial, healthcare, public, technology, media and telecom, retail, travel and logistics, and automotive manufacturer industries. Kyndryl Holdings, Inc. was incorporated in 2020 and is headquartered in New York, New York.
Stock analysis
Kyndryl Holdings Inc (KD) currently trades at $12.11, while our model-based Fair Value estimate is $19.80, implying the stock looks roughly 38.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $27.96 per share, and 19 of the 22 models we run sit above the $12.11 price.
Bear case: the Asset-Based group reads lowest at $3.57, and 3 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: $16.12 (bear) to $25.60 (bull), the price of $12.11 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 54/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Kyndryl Holdings Inc reported revenue of $15.1B in FY2026 versus $18.7B in FY2022, a compound −5.2%/yr. Reported net income was $198M in FY2026.
Key figures
Market cap $2.8B · P/E ratio 14.0 · P/S ratio 0.18 · EPS (TTM) $0.8681 · Net margin 1.3% · Return on equity 15.1% · Return on assets (EBIT) 0.6% · Operating margin 4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 62% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 64%, KD screens cheaper than that median.
Fair Value models
Bear $16.12Fair Value $19.80Bull $25.60
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 2026 figures (about 6 months old). Earnings retained since then ($0.4145 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.2%
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.
−3.9%
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.
−4.9%
Start year 2021 (pandemic)
Revenue growth 7 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.
−5.1%
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘ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.
−8.8% (2021) → 4.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.1%
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.
+0.4%
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 +2.7% a year for the price and −1.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Information Technology Services · 498 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+64% · Top 25%
Profitability
Return on equity (TTM)15% · Above median
Return on assets3% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−1% · Below median
Balance sheet
Debt / equity1.95× · Highest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Is Kyndryl Holdings Inc (KD) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $19.80 versus a price of $12.11, about +64% upside (undervalued).
What is the fair value of KD?
Our model-based fair value for Kyndryl Holdings Inc is $19.80 (as of Sep 24, 2026), built from audited fundamentals. The current price: $12.11.
What is the quality score of KD?
Kyndryl Holdings Inc has a Quality Score of 54/100. 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 Kyndryl Holdings Inc (KD)?
Our model-based price target is the fair value of $19.80 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario $16.12, optimistic scenario $25.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyndryl Holdings Inc stock forecast for 2026?
Our models put fair value at $19.80, about +64% upside versus a price of $12.11 (undervalued). Cautious scenario $16.12, optimistic scenario $25.60. The calculation is refreshed regularly with new filings.
What is the revenue of Kyndryl Holdings Inc (KD)?
Kyndryl Holdings Inc reported trailing-twelve-month revenue of about $15.1B (latest available figure, as of Sep 24, 2026).
What growth is priced into Kyndryl Holdings Inc (KD)?
For today's price to be fair in a discounted-cash-flow model, Kyndryl Holdings Inc would have to grow free cash flow by +5.1 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KD use?
Our models discount Kyndryl Holdings Inc at 11.5 %: a base by market capitalisation (mid), damped by beta 1.74, 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 Kyndryl Holdings Inc that is +5.1 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Kyndryl Holdings Inc (KD) delivered so far?
Over the past 5 years revenue at Kyndryl Holdings Inc grew -4.9 % a year. The price currently implies +5.1 % 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 Kyndryl Holdings Inc (KD) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Kyndryl Holdings Inc (+5.1 % 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 Kyndryl Holdings Inc (KD)?
The free-cash-flow yield on the price is 12.01 %: that much free cash flow Kyndryl Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kyndryl Holdings Inc (KD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyndryl Holdings Inc it is $19.80 per share (as of Sep 24, 2026), against a price of $12.11. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Kyndryl Holdings Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KD trades below its calculated fair value: price $12.11, fair value $19.80, a gap of about +64% (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 KD?
No. The price is what the market pays today ($12.11); the fair value is what the company's own numbers justify ($19.80). For Kyndryl Holdings Inc the two are $7.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyndryl Holdings Inc worth?
The market values Kyndryl Holdings Inc at about $2.8B (market capitalisation, as of Sep 24, 2026). Per share that is $12.11; our models calculate a fair value of $19.80 per share.
What do the bullish and bearish scenarios say about KD?
Our models span a range for Kyndryl Holdings Inc: cautious scenario $16.12, base $19.80, optimistic $25.60 per share (as of Sep 24, 2026, price $12.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KD?
Kyndryl Holdings Inc trades at a price-to-earnings ratio of 14.0 (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 $19.80 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 8.3 (reported 14.0). Other multiples: P/B 2.4, P/S 0.2, EV/EBITDA 1.8.
How solid is the balance sheet of Kyndryl Holdings Inc (KD)?
Balance-sheet figures for Kyndryl Holdings Inc (as of Sep 24, 2026): return on equity 15.1%, debt of 1.95 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is KD from its 52-week high?
Kyndryl Holdings Inc trades at $12.11, about 62% below its 52-week high of $31.56 and 14% above the low of $10.59 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $19.80 is for.
Which stocks are comparable to Kyndryl Holdings Inc?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Kyndryl Holdings Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $12.11, calculated fair value $19.80 (+64%), Quality Score 54/100, from 22 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 KD calculated?
We run Kyndryl Holdings Inc through 22 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 $19.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Kyndryl Holdings Inc currently trades 64 % 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 Kyndryl Holdings Inc (KD)?
The closing price on Sep 23, 2026 was $12.11. Our model-based fair value is $19.80, about +64% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyndryl Holdings Inc right now?
The price is below even our cautious bear case ($16.12). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kyndryl Holdings Inc
How large is the market capitalisation of Kyndryl Holdings Inc (KD)?
The market capitalisation of Kyndryl Holdings Inc is $2.8B. 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 Kyndryl Holdings Inc (KD)?
The price-to-sales ratio of Kyndryl Holdings Inc is 0.18 (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 Kyndryl Holdings Inc (KD)?
Earnings per share at Kyndryl Holdings Inc are $0.8681 (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kyndryl Holdings Inc (KD)?
The net margin of Kyndryl Holdings Inc is 1.3% (fiscal year 2026). 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 Kyndryl Holdings Inc (KD)?
The return on equity (ROE) of Kyndryl Holdings Inc is 15.1% (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 Kyndryl Holdings Inc (KD)?
On an EBIT basis the return on assets of Kyndryl Holdings Inc is 0.6% (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 Kyndryl Holdings Inc (KD)?
The operating margin of Kyndryl Holdings Inc is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyndryl Holdings Inc (KD)?
Revenue at Kyndryl Holdings Inc is growing −0.8% versus a year earlier (3y avg −3.9%). 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 Kyndryl Holdings Inc (KD)?
Earnings per share at Kyndryl Holdings Inc are growing −73.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kyndryl Holdings Inc (KD) carry?
The net debt of Kyndryl Holdings Inc is $2.3B (fiscal year 2026, ≈ 6.9 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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Sep 24, 2026