Xerox Corp (XRX) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Xerox Corp $2.00, price $3.33, upside -39.9%, quality 46 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 23, 2026.
How to read this chart
60‑month range $1.22 – $18.33 · fair‑value band $2.00 – $8.00 · the $3.33 price screens above the $2.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally. It operates in two segments, Print and Other; and Xerox Financial Services (XFS).
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Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally. It operates in two segments, Print and Other; and Xerox Financial Services (XFS). The company engages in the design, development, and sale of document systems, solutions, and services, as well as associated technology offerings, including IT and software products and services. It also offers workplace solutions, which include the sale of equipment, software, supplies, and the associated technical services; Entry, which is comprised of A4 desktop monochrome and color printers, and multifunction printers; Mid-range comprising A3 devices; and ConnectKey software. In addition, the company provides production solutions, including presses and solutions that provides black-and-white and full-color, as well as on-demand printing; xerographic and inkjet presses; and FreeFlow. Further, it offers Xerox services, which include Managed Print Services, IT solutions, Capture and Content Services, and Customer Engagement Services; XFS, which offers financing for direct channel customer purchases of Xerox equipment and solutions, and lease financing to Xerox equipment and solution purchases through indirect channels; CareAR; DocuShare; and XMPie. Additionally, it invests in startups and early/mid-stage growth companies. The company sells its products through its direct sales force, distributors, independent agents, dealers, value-added resellers, systems integrators, and e-commerce marketplaces. The company was formerly known as Xerox Corporation and changed its name to Xerox Holdings Corporation in August 2019. Xerox Holdings Corporation was founded in 1903 and is headquartered in Norwalk, Connecticut.
Stock analysis
Xerox Corp (XRX) currently trades at $3.33, while our model-based Fair Value estimate is $2.00, implying the stock looks roughly 66.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $11.06 per share, and 8 of the 11 models we run sit above the $3.33 price.
Bear case: the Growth DCF group reads lowest at $3.23, and 3 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.00 (bear) to $8.00 (bull), the price of $3.33 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 46/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Xerox Corp reported revenue of $7.0B in FY2025 versus $7.0B in FY2021, a compound −0.1%/yr. Reported net income was −$1.0B in FY2025.
Key figures
Market cap $421M · P/S ratio 0.06 · EPS (TTM) $−8.34 · Dividend yield 3.0% · Net margin −14.7% · Return on equity −115% · Return on assets (EBIT) 1.1% · Operating margin 0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 173% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −40%, XRX screens cheaper than that median.
Fair Value models
Bear $2.00Fair Value $2.00Bull $8.00
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.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.29/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+12.9%
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.
−0.4%
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.
+0.0%
Start year 2020 (pandemic). Over 10 years: −9.0% 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.
−0.6%
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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.
4.3% (2020) → −0.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Business Equipment & Supplies · 74 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−40% · Below median
Profitability
Return on assets0% · Below median
Net margin (TTM)−14% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth27% · Top 25%
Dividend yield (TTM)3.0% · Above median
Balance sheet
Debt / equity6.10× · Highest 25%
Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper
P/B0.64× · 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.
P/S (TTM)0.06× · Cheapest 25%
P/FCF1.6× · Cheaper than median
EV/EBITDA10.6× · Pricier than median
PEG0.20× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)100· sector 18
PAST (return on equity)0· sector 21
HEALTH (low debt)0· sector 98
DIVIDEND (yield)60· sector 52
VALUE 0: the price sits above our fair-value range.
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). "Xerox Corp Fair Value". https://www.fairvalue-calculator.com/stock/XRX
Frequently asked questions
Is Xerox Corp (XRX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.00 versus a price of $3.33, about −40% upside (overvalued).
What is the fair value of XRX?
Our model-based fair value for Xerox Corp is $2.00 (as of Sep 23, 2026), built from audited fundamentals. The current price: $3.33.
What is the quality score of XRX?
Xerox Corp has a Quality Score of 46/100. 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 Xerox Corp (XRX)?
Our model-based price target is the fair value of $2.00 (as of Sep 23, 2026) from 12 valuation models. Cautious scenario $2.00, optimistic scenario $8.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Xerox Corp stock forecast for 2026?
Our models put fair value at $2.00, about −40% upside versus a price of $3.33 (overvalued). Cautious scenario $2.00, optimistic scenario $8.00. The calculation is refreshed regularly with new filings.
What is the revenue of Xerox Corp (XRX)?
Xerox Corp reported trailing-twelve-month revenue of about $7.4B (latest available figure, as of Sep 23, 2026).
Does Xerox Corp pay a dividend?
Xerox Corp currently shows a dividend yield of about 3.01% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Xerox Corp (XRX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xerox Corp it is $2.00 per share (as of Sep 23, 2026), against a price of $3.33. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Xerox Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, XRX trades above its calculated fair value: price $3.33, fair value $2.00, a gap of about −40% (overvalued). 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 XRX?
No. The price is what the market pays today ($3.33); the fair value is what the company's own numbers justify ($2.00). For Xerox Corp the two are $1.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Xerox Corp worth?
The market values Xerox Corp at about $421M (market capitalisation, as of Sep 23, 2026). Per share that is $3.33; our models calculate a fair value of $2.00 per share.
What do the bullish and bearish scenarios say about XRX?
Our models span a range for Xerox Corp: cautious scenario $2.00, base $2.00, optimistic $8.00 per share (as of Sep 23, 2026, price $3.33). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of XRX?
The PEG ratio of Xerox Corp is 0.20 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Xerox Corp (XRX)?
Balance-sheet figures for Xerox Corp (as of Sep 23, 2026): return on equity −115.4%, debt of 6.10 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is XRX from its 52-week high?
Xerox Corp trades at $3.33, about 12% below its 52-week high of $3.77 and 173% above the low of $1.22 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $2.00 is for.
Which stocks are comparable to Xerox Corp?
From the same area (Industrials) we also value GRG Banking Equipment Co, Shanghai M&G Stationery Inc, XGD Inc, DOMS 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 Xerox Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $3.33, calculated fair value $2.00 (−40%), Quality Score 46/100, from 12 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 XRX calculated?
We run Xerox Corp through 12 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 $2.00, 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 14.0 % above its aggregate fair value. Xerox Corp itself currently trades above fair value. 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 Xerox Corp (XRX)?
The closing price on Sep 24, 2026 was $3.33. Our model-based fair value is $2.00, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xerox Corp right now?
The model range is unusually wide ($2.00 to $8.00). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Xerox Corp
How large is the market capitalisation of Xerox Corp (XRX)?
The market capitalisation of Xerox Corp is $421M. 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 Xerox Corp (XRX)?
The price-to-sales ratio of Xerox Corp is 0.06 (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 Xerox Corp (XRX)?
Earnings per share at Xerox Corp are $−8.34. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Xerox Corp (XRX)?
The dividend yield of Xerox Corp is 3.0%. 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 Xerox Corp (XRX)?
The net margin of Xerox Corp is −14.7% (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 Xerox Corp (XRX)?
The return on equity (ROE) of Xerox Corp is −115% (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 Xerox Corp (XRX)?
On an EBIT basis the return on assets of Xerox Corp is 1.1% (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 Xerox Corp (XRX)?
The operating margin of Xerox Corp is 0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xerox Corp (XRX)?
Revenue at Xerox Corp is growing +26.7% versus a year earlier (3y avg −0.4%). 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 Xerox Corp (XRX)?
Earnings per share at Xerox Corp are growing +17.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Xerox Corp (XRX) generate?
The free cash flow of Xerox Corp is $259M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Xerox Corp (XRX) carry?
The net debt of Xerox Corp is $3.7B (fiscal year 2025, ≈ 14.4 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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Sep 23, 2026