EN DE

Xerox Holdings (XRX) Fair Value & Analysis

Industrials · US · Market cap $411M

XH Xerox Holdings logo Xerox Holdings XRX · US
Price$3.24
Fair Value$3.76
Upside+16.1%
Quality46/100
Watch Xerox Holdings for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Loss-making · -14.1% net margin
High debt · generates free cash flow
3.18% dividend yield
Mixed vs. peers (7/14)
Narrow moat 13/100
Evidence: Medium Range $3.54 – $5.03 Share as image

Fair value as of: Jul 25, 2026

From 10 valuation models · updated 17 days ago

Share price +21.3% over the past month.

Below-average quality, screening 16% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($3.54). The market is more pessimistic than our downside scenario.
  • Our model range runs from $3.54 (bear) to $5.03 (bull), base $3.76. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 46/100 (below-average quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$18.48 $1.22 Fair Value $3.76 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range $1.22 – $18.48 · fair‑value band $3.54 – $5.03 · the $3.24 price screens below the $3.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Xerox Holdings (XRX) currently trades at $3.24, while our model-based Fair Value estimate is $3.76, implying the stock looks roughly 16.1% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Xerox Holdings generated revenue of $7.4B at a net margin of -14.1%. Revenue grew 26.7% year over year. Net debt stands at $3.7B. Fundamentals as of Jul 25, 2026

Our scenario range runs from $3.54 (bear case) to $5.03 (bull case); at $3.24, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 172% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -57% fair-value upside, at 16%, XRX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF $1.59 80
Rev-Margin DCF $6.63 74
Gordon GGM $4.22 $4.55 $5.04 70
All 10 models by family
DCF Models
FCF DCF $2.35 38
5Y Revenue Exit $7.32 39
5Y EBITDA Exit $7.94 41
Dividend Discount
Gordon GGM $4.22 $4.55 $5.04 70
DDM Multi-Stage $4.22 $5.02 $6.06 61
Multiples
EV/EBITDA $0.5400 $7.38 54
EV/Revenue $6.68 43
Asset-Based
NCAV (Graham) $2.52 $3.37 $5.03 50
Growth DCF
Growth DCF $1.59 80
Rev-Margin DCF $6.63 74

Widest divergence: Dividend Discount ($4.55) versus Multiples ($0.5400). Highest evidence: Growth DCF (80).

Notify me when XRX reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $7.4B
Revenue growth (YoY) +26.7%
Net margin -14.1%
Return on equity -115%
Free cash flow $259M FY2025
Operating margin 0.2%
More key figures
EPS (TTM) $-8.34
Dividend yield 3.2%
EPS growth (YoY) +17.7%
Net debt $3.7B FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 43 · Market factors (momentum, volatility) 33

Profitability 17
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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).

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xerox Holdings 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.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$7.0B
Latest YoY
+12.9%
Avg. growth/yr (3Y) 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.
−0.4%
Avg. growth/yr (5Y) 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.
+0.0%
Avg. growth/yr (40Y) 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.
−0.6%
Revenue −0.1%/yr
FY21 $7.0B
FY22 $7.1B
FY23 $6.9B
FY24 $6.2B
FY25 $7.0B
Net income
FY21 −$455M
FY22 −$322M
FY23 −$13.0M
FY24 −$1.3B
FY25 −$1.0B

Watch XRX: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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 Holdings Fair Value". https://www.fairvalue-calculator.com/stock/XRX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Business Equipment & Supplies · 73 stocks

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.

Quality Score 46 · Below median
Fair Value upside +16% · Above median
Return on assets 0% · Below median
Net margin (TTM) -14% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 27% · Top 25%
Dividend yield (TTM) 3.2% · Above median
Debt / equity 6.10× · Higher than 75% of peers

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/B 0.62× · Cheaper than median
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 1.6× · Pricier than median
EV/EBITDA 10.5× · Cheaper than median
PEG 0.20× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 55 · sector 33
FUTURE 100 · sector 19
PAST 0 · sector 20
HEALTH 0 · sector 99
DIVIDEND 64 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
Ricoh Company RICO ¥15.33 ¥17.99 +17%
GRG Banking Equipment Co 002152 ¥10.08 ¥6.90 -32%
Shanghai M&G Stationery Inc 603899 ¥22.83 ¥30.05 +32%
XGD Inc 300130 ¥19.90 ¥15.67 -21%
DOMS Industries Limited DOMS ₹2,260 ₹782.96 -65%
Hengbao Co 002104 ¥9.20 ¥1.66 -82%
Shaanxi Fenghuo Electronics Co 000561 ¥6.99 ¥1.75 -75%
Shenzhen Comix Group 002301 ¥7.30 ¥3.11 -57%
Shandong New Beiyang Information Technology Co 002376 ¥6.00 ¥1.73 -71%
Cashway Fintech Co 603106 ¥9.04 ¥1.20 -87%

Compare Xerox Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Xerox Holdings (XRX) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of $3.76 versus a price of $3.24, about +16% (undervalued).
What is the fair value of XRX?
Our model-based fair value for Xerox Holdings is $3.76 (as of Jul 25, 2026), built from audited fundamentals. The current price is $3.24.
What is the quality score of XRX?
Xerox Holdings 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 revenue of Xerox Holdings (XRX)?
Xerox Holdings reported trailing-twelve-month revenue of about $7.4B (latest available figure, as of Jul 25, 2026).
What is the net profit margin of XRX?
The net profit margin of Xerox Holdings is about -14.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Xerox Holdings pay a dividend?
Xerox Holdings currently shows a dividend yield of about 3.18% relative to its recent price (as of Jul 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Xerox Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.