Meta Platforms Inc. (META) fair value: what the stock is really worth
We calculate from audited financials what Meta Platforms Inc. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 17, 2026.
How to read this chart
60‑month range $88.14 – $787.42 · fair‑value band $374.07 – $1,670 · the $665.75 price screens below the $737.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 17, 2026.
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally.
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Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; Meta AI, an assistant that's available across apps, as a stand-alone app, on AI glasses, and on the web; Threads, an application for text-based updates and public conversations; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact. The RL segment provides virtual and augmented reality products, including consumer hardware, software, and content that help people feel connected, as well as Meta Quest devices that enable social experiences across gaming, fitness, entertainment, and more. The segment also includes wearables such as AI glasses like Ray Ban Meta and Oakley Meta glasses; and the Meta Ray Ban Display, which combines AI glasses with an integrated lens display and the Meta Neural Band, a wrist worn device using electromyography that lets people control their AI glasses through neuromuscular signals. Meta Platforms, Inc. has a collaboration with Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc., Broadcom Inc., and OpenAI, L.L.C. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California.
Stock analysis
Meta Platforms Inc. (META) currently trades at $665.75, while our model-based Fair Value estimate is $737.26, implying the stock looks roughly 9.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $1,177 per share, and 9 of the 26 models we run sit above the $665.75 price.
Bear case: the Economic Profit group reads lowest at $332.57, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $374.07 (bear) to $1,670 (bull), the price of $665.75 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 68/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Meta Platforms Inc. reported revenue of $201B in FY2025 versus $118B in FY2021, a compound +14.3%/yr. Reported net income was $60.5B in FY2025, compounding +11.3%/yr from FY2021.
Key figures
Market cap $1.7T · P/E ratio 24.3 · P/S ratio 7.32 · EPS (TTM) $27.50 · Dividend yield 0.3% · Net margin 30.1% · Return on equity 32.9% · Return on assets (EBIT) 22.4%.
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 16% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at 11%, META screens cheaper than that median.
Fair Value models
Bear $374.07Fair Value $737.26Bull $1,670
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 ($18.36 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+22.2%
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.
+19.9%
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.
+18.5%
Revenue growth 18 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.
+49.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+20.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.1%
Dividend (yield on the price)0.3%
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.18% vs 34%, slowing
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.38% → 41%
2025 sits 58% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+19.6%
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.
+18.1%
Yearly sales growth analysts expect, extended to five years.
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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are 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.Internet Content & Information · 150 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Above median
Fair Value upside−13% · Below median
Profitability
Return on equity (TTM)33% · Top 25%
Return on assets16% · Top 25%
Net margin (TTM)33% · Top 25%
Operating margin (TTM)41% · Top 25%
Growth and dividend
Revenue growth33% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.27× · Above median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Meta Platforms Inc. Fair Value". https://www.fairvalue-calculator.com/stock/META
Frequently asked questions
Is Meta Platforms Inc. (META) overvalued or undervalued?
As of Sep 17, 2026, our model estimates a fair value of $737.26 versus a price of $665.75, about +11% upside (undervalued).
What is the fair value of META?
Our model-based fair value for Meta Platforms Inc. is $737.26 (as of Sep 17, 2026), built from audited fundamentals. The current price: $665.75.
What is the quality score of META?
Meta Platforms Inc. has a Quality Score of 68/100. 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 Meta Platforms Inc. (META)?
Our model-based price target is the fair value of $737.26 (as of Sep 17, 2026) from 26 valuation models. Cautious scenario $374.07, optimistic scenario $1,670. It is a calculation from audited fundamentals, not an analyst target.
What is the Meta Platforms Inc. stock forecast for 2026?
Our models put fair value at $737.26, about +11% upside versus a price of $665.75 (undervalued). Cautious scenario $374.07, optimistic scenario $1,670. The calculation is refreshed regularly with new filings.
What is the revenue of Meta Platforms Inc. (META)?
Meta Platforms Inc. reported trailing-twelve-month revenue of about $215B (latest available figure, as of Sep 17, 2026).
Does Meta Platforms Inc. pay a dividend?
Meta Platforms Inc. currently shows a dividend yield of about 0.32% relative to its recent price (as of Sep 17, 2026).
What growth is priced into Meta Platforms Inc. (META)?
For today's price to be fair in a discounted-cash-flow model, Meta Platforms Inc. would have to grow free cash flow by +19.6 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.5 % per year. As of Sep 17, 2026.
What discount rate (WACC) does the fair value of META use?
Our models discount Meta Platforms Inc. at 9.3 %: a base by market capitalisation (mega), damped by beta 1.25, 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 Meta Platforms Inc. that is +19.6 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Meta Platforms Inc. (META) delivered so far?
Over the past 5 years revenue at Meta Platforms Inc. grew +18.5 % a year. The price currently implies +19.6 % 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 Meta Platforms Inc. (META) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into Meta Platforms Inc. (+19.6 % 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 Meta Platforms Inc. (META)?
The free-cash-flow yield on the price is 2.69 %: that much free cash flow Meta Platforms Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Meta Platforms Inc. (META)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Meta Platforms Inc. it is $737.26 per share (as of Sep 17, 2026), against a price of $665.75. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Meta Platforms Inc. stock overvalued or undervalued in 2026?
As of Sep 17, 2026, META trades below its calculated fair value: price $665.75, fair value $737.26, a gap of about +11% (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 META?
No. The price is what the market pays today ($665.75); the fair value is what the company's own numbers justify ($737.26). For Meta Platforms Inc. the two are $71.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is Meta Platforms Inc. worth?
The market values Meta Platforms Inc. at about $1.7T (market capitalisation, as of Sep 17, 2026). Per share that is $665.75; our models calculate a fair value of $737.26 per share.
What do the bullish and bearish scenarios say about META?
Our models span a range for Meta Platforms Inc.: cautious scenario $374.07, base $737.26, optimistic $1,670 per share (as of Sep 17, 2026, price $665.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of META?
Meta Platforms Inc. trades at a price-to-earnings ratio of 24.3 (as of Sep 17, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $737.26 is built from several models across several years. Other multiples: PEG 0.9, P/B 7.8, P/S 7.9, EV/EBITDA 15.8.
What is the PEG ratio of META?
The PEG ratio of Meta Platforms Inc. is 0.87 (P/E divided by earnings growth, as of Sep 17, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Meta Platforms Inc. (META)?
Balance-sheet figures for Meta Platforms Inc. (as of Sep 17, 2026): return on equity 32.9%, debt of 0.27 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is META from its 52-week high?
Meta Platforms Inc. trades at $665.75, about 16% below its 52-week high of $794.38 and 28% above the low of $520.26 (as of Sep 17, 2026). Distance from the high says nothing about value: that is what the fair value of $737.26 is for.
Which stocks are comparable to Meta Platforms Inc.?
From the same area (Communication Services) we also value Alphabet Inc, Tencent Holdings, Spotify Technology S.A, Reddit, Inc, 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 Meta Platforms Inc. stock attractive at the current price?
The data as of Sep 17, 2026: price $665.75, calculated fair value $737.26 (+11%), Quality Score 68/100, from 26 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 META calculated?
We run Meta Platforms Inc. through 26 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 $737.26, 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 16.1 % above its aggregate fair value. Meta Platforms Inc. currently trades 11 % 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 Meta Platforms Inc. (META)?
The closing price on Sep 18, 2026 was $665.75. Our model-based fair value is $737.26, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Meta Platforms Inc. right now?
The model range is unusually wide ($374.07 to $1,670). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Meta Platforms Inc. (META) come from?
Earnings per share at Meta Platforms Inc. grew +29.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +28.1 %, EBIT margin −0.2 %, tax rate +1.2 %, residual (interest, one-offs) +0.3 %. 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 Meta Platforms Inc.
How large is the market capitalisation of Meta Platforms Inc. (META)?
The market capitalisation of Meta Platforms Inc. is $1.7T. 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 Meta Platforms Inc. (META)?
The price-to-sales ratio of Meta Platforms Inc. is 7.32 (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 Meta Platforms Inc. (META)?
Earnings per share at Meta Platforms Inc. are $27.50 (price ÷ EPS = P/E 24.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Meta Platforms Inc. (META)?
The dividend yield of Meta Platforms Inc. is 0.3% (payout 7.6%). 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 Meta Platforms Inc. (META)?
The net margin of Meta Platforms Inc. is 30.1% (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 Meta Platforms Inc. (META)?
The return on equity (ROE) of Meta Platforms Inc. is 32.9% (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 Meta Platforms Inc. (META)?
On an EBIT basis the return on assets of Meta Platforms Inc. is 22.4% (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 Meta Platforms Inc. (META)?
The operating margin of Meta Platforms Inc. is 40.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Meta Platforms Inc. (META)?
Revenue at Meta Platforms Inc. is growing +33.1% versus a year earlier (3y avg +19.9%). 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 Meta Platforms Inc. (META)?
Earnings per share at Meta Platforms Inc. are growing +62.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Meta Platforms Inc. (META) carry?
The net debt of Meta Platforms Inc. is $48.0B (fiscal year 2025, ≈ 1.0 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 17, 2026