FISERV INC (FISV)
Technology
Diversified Services
$53.00
close · Sep 05, 2026
Undervalued
(Medium)
Est.
$111.20
62
Health · Healthy
Above 50 SMA
52W
-24.1% from High
Methodology Breakdown
Mature
Our Estimate
$111.20
Medium confidence
Equal-weighted blend of 2 independent methods, which span $92.75–$129.65. Current price $53.31 is below our estimate.
| Method | Value | Role |
|---|---|---|
| DCF (Base Case) | $92.75 | IN ESTIMATE |
| DCF (TTM-anchored) | $92.75 | IN ESTIMATE |
| Peer Multiples | $129.65 | IN ESTIMATE |
| Earnings Power Value | $47.72 | CROSS-CHECK |
| Book Value Anchor | $141.51 | CROSS-CHECK |
| Earnings Anchor | $102.84 | CROSS-CHECK |
| Cash Floor | $0.82 | CROSS-CHECK |
| NAV Anchor | $141.51 | CROSS-CHECK |
In estimate — combined into our number ·
Cross-check — computed for context, not counted
📈
Sep 05
Undervalued
-63.5%
Market cap (28.29B) is 63.5% below the bear-case DCF fair value (77.58B)
Health Score
Health Score
62
Out of 100
Healthy
Pillar Scores
Financial Strength
67
Operating Trend
48
Valuation
Undervalued
71
Capital Allocation
71
Risk Management
45
Positives
↑
earnings yield (absolute)
+2.3
↑
free-cash-flow yield
+4.5
↑
free-cash-flow margin
+3.7
Concerns
↓
multiple vs own 5-yr history
-3.9
↓
Altman Z (retained-earnings corrected)
-2.5
↓
margin expansion
-1.3
Signal contribution:
+29.7 from strengths
-11.5 from concerns
Health Score Trend
9 snapshots
Cross-Check: Greenblatt Magic Formula
⚠ Divergent
Earnings Yield
18.6%
Rank 40 / 1256
Return on Capital
761.5%
Rank 37 / 1256
Combined Rank
100th pctl
1256 companies ranked
Magic Formula ranks this company higher than our composite. Our lower score is likely driven by factors the Magic Formula does not assess: cash flow quality, balance sheet risk, trend momentum, or sentiment signals.
Based on Joel Greenblatt's Magic Formula methodology. Not investment advice.
Financials
TTM Financials
| Revenue Total sales generated from the company's primary business activities over the trailing twelve months. | 20.87B |
| Gross Profit Revenue minus cost of goods sold. What remains before operating expenses — reflects pricing power and production efficiency. | — |
| Operating Income Profit from core business operations after all operating expenses (EBIT). Excludes interest and taxes. | 4.66B |
| Net Income Bottom-line profit after all expenses, interest, and taxes are deducted from revenue. | 2.80B |
| Free Cash Flow Operating cash flow minus capital expenditures. The actual cash the business generates after maintaining its assets — the truest measure of profitability. | 3.93B |
| EBITDA Earnings before interest, taxes, depreciation & amortization. A proxy for operating cash earnings that strips out accounting and financing differences. | 5.33B |
| Total Debt Combined short-term and long-term interest-bearing debt obligations. Compare against cash and earnings to gauge leverage risk. | 1.21B |
| Cash & Equivalents Highly liquid assets on hand — cash, money market funds, and short-term securities. The company's immediate financial cushion. | 627.0M |
Valuation
| Market Cap | 28.29B |
| Enterprise Value | 28.99B |
| EV / Revenue | 1.4x |
| EV / EBITDA | 5.4x |
| P/E (TTM) | 10.1x |
| Forward P/E (extrapolated) | 5.1x |
| PEG | — |
| P/FCF | 7.2x |
| FCF Yield | 13.9% |
EV/EBITDA vs history — 91% percentile
(historically expensive)
CheapMidExpensive
EV/Sales vs history — 65% percentile
(mid-range)
CheapMidExpensive
P/Book vs history — 53% percentile
(mid-range)
CheapMidExpensive
DCF Fair Value Range
(base CAGR: 14.2%)
Bear
$145.37
Base
$215.61
Bull
$316.06
Bear $145
Current $53.00
(below range)
Bull $316
Market is pricing in
-13.8% FCF growth
annually — base model assumes 14.2%
Key Metrics
| Gross Margin Gross profit as a % of revenue. Measures how efficiently the company produces its goods or services — higher is better. | — |
| EBITDA Margin EBITDA as a % of revenue. Shows core operating profitability before accounting adjustments — useful for comparing across industries. | 25.5% |
| Net Margin Net income as a % of revenue. The ultimate measure of overall profitability after every expense, interest payment, and tax is accounted for. | 13.4% |
| FCF Margin Free cash flow as a % of revenue. Shows how much of each dollar of revenue converts into real, spendable cash. | 18.8% |
| Revenue Growth (YoY) Year-over-year change in total revenue. Measures business momentum — sustained growth above 15% is typically considered strong. | -1.2% |
| Net Income Growth (YoY) Year-over-year change in net income. Shows whether profits are growing faster or slower than revenue — a key indicator of improving or deteriorating quality. | -17.1% |
| Piotroski F-Score Score from 0–9 measuring financial strength across profitability, leverage, and efficiency signals. 8–9 = strong, 0–2 = distressed. | 4 / 9 |
| Altman Z-Score Bankruptcy risk model. Above 2.99 = safe zone, 1.81–2.99 = grey zone, below 1.81 = distress signal. Most useful for manufacturing companies. | 1.23 |
Community Sentiment
Not enough ratings yet.
Be the first to rate this company below.
Be the first to rate this company below.
Quarterly Financials
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '23 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Total quarterly sales from primary business operations. | 5.29B | 5.03B | 5.28B | 5.26B | 5.52B | 5.13B | 5.25B | 5.22B | 5.11B | 4.88B | 4.92B | 4.87B |
| Gross Profit Quarterly revenue minus cost of goods sold. | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income Quarterly profit from core operations before interest and taxes (EBIT). | 1.02B | 918.0M | 1.29B | 1.44B | 1.70B | 1.40B | 1.67B | 1.60B | 1.43B | 1.18B | 1.45B | 1.50B |
| Net Income Quarterly bottom-line profit after all expenses and taxes. | 627.0M | 571.0M | 811.0M | 792.0M | 1.03B | 851.0M | 938.0M | 564.0M | 894.0M | 735.0M | 870.0M | 952.0M |
| FCF Quarterly free cash flow: operating cash minus capital expenditures. | 985.0M | 141.0M | 1.50B | 1.30B | 1.19B | 313.0M | 1.82B | 1.84B | 993.0M | 411.0M | 1.24B | 1.20B |
Revenue & Free Cash Flow
Market Cap vs. DCF Fair Value Band
Shaded region = bear-to-bull DCF range. Line = actual market cap.
Want to track FISV in your own watchlist?
Create a free account to save companies, refresh fundamentals on demand,
and record your investment thesis.
Sign up free
Get stocks like FISV in your inbox every Sunday
11 sector-leading stocks delivered to your inbox every Sunday. Free.
No spam. Unsubscribe anytime.
Disclaimer: This analysis is for informational purposes only and does not constitute
investment advice. Scores and valuations are derived from SEC filings and publicly available data.
Always do your own research before making investment decisions.
Track FISV in your watchlist
Free account · save companies, refresh on demand
Sign up free