---
title: FactSet (FDS) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/fds
ticker: FDS
as_of: 2026-10-17
sector: Financial Services
industry: Financial - Data & Stock Exchanges
---
# FactSet (FDS)

FactSet (FDS) closed at $301.67 on Oct 16, 2026, overvalued by 18% vs its model value of $255.59 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $301.67 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $255.59 |
| Price vs model | overvalued by 18% vs model |
| Range of that model | $158.68 – $629.18 |
| Market value | $10.7B |
| P/E (fiscal 2025) | 19.4 |
| Net margin (fiscal 2025) | 21.5% |
| Free cash flow (fiscal 2025) | $617.5M |
| Dividend yield (trailing twelve months) | 1.50% |
| Beta | 0.77 |
| Cost of capital (WACC) | 8.09% |
| Business classification | Mature & Stable (Low/slowing growth (~6% recent), High profitability (26% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (5.8%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.50% |
| Dividends per share, last 12 months | $4.52 |
| Dividends / free cash flow (fiscal 2025) | 25.9% |
| Raised | 26+ years in a row |
| Growth over 5 years | 7.3% a year |
| Latest payment | $1.16, ex-date Aug 31, 2026, paid Sep 17, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 30, 2021 | $3.18 |
| To Aug 30, 2022 | $3.42 |
| To Aug 30, 2023 | $3.74 |
| To Aug 30, 2024 | $4.04 |
| To Aug 29, 2025 | $4.28 |
| Trailing twelve months (to Aug 31, 2026) | $4.52 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $255.59 | $158.68 | $629.18 |
| DCF · Perpetuity growth · 10y | cross check | $271.85 | $174.25 | $641.85 |
| DCF · EBITDA exit · 5y | cross check | $355.85 | $267.81 | $459.04 |
| DCF · EBITDA exit · 10y | cross check | $356.02 | $257.80 | $485.41 |
| P/E · peers | cross check | $420.94 | $362.11 | $530.73 |
| P/E · own history | cross check | $592.64 | $500.28 | $664.41 |
| PEG | sanity check | $240.90 | $240.90 | $240.90 |
| EV/EBITDA · peers | cross check | $495.45 | $409.18 | $539.43 |
| EV/Revenue · peers | cross check | $641.92 | $407.27 | $917.73 |
| Earnings power value | cross check | $90.78 | $72.37 | $117.56 |
| Dividend discount | cross check | $104.26 | $70.11 | $178.68 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 23, 2026 | Moskoff Gregory T | MD,Controller and CAO | Grant / award | 97 | $0 |
| Sep 22, 2026 | Viswanathan Sanoke | Chief Executive Officer | Tax withholding | 8,065 | $2.2M |
| May 1, 2026 | Warren Joshua | EVP, Chief Financial Officer | Grant / award | 2,272 | $0 |
| May 1, 2026 | Warren Joshua | EVP, Chief Financial Officer | Grant / award | 8,567 | $0 |
| Feb 1, 2024 | Moskoff Gregory T | MD,Controller and CAO | Grant / award | 11 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1013237/000162828026063888/fds-20260924.htm |
| Sep 25, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1013237/000162828026063495/fds-20260923.htm |
| Aug 31, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1013237/000095015726000966/form8-k.htm |
| Jul 1, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1013237/000162828026046549/fds-20260531.htm |
| Jul 1, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1013237/000162828026046338/fds-20260701.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| John Rogers | 2026-06-30 | 234,096 | $53.9M |
| Yacktman | 2026-06-30 | 229,620 | $52.8M |
| Thomas Gayner | 2026-06-30 | 135,376 | $31.1M |
| Bridgewater | 2026-06-30 | 34,488 | $7.9M |

4 tracked managers in all.

## About

FactSet Research Systems Inc. is a financial intelligence firm providing a comprehensive suite of integrated data and analytical software. The company serves the global investment community, with its operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. FactSet delivers critical insights and information through specialized workflow solutions covering research, analytics, and trading, complemented by its content, technology platforms, and wealth management resources. Its diverse clientele includes portfolio managers, investment banks, asset managers, wealth advisors, corporate entities, and various other financial sector organizations. FactSet was established in 1978 and is headquartered in Norwalk, Connecticut.

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Source: https://sweetvaluelab.com/stocks/fds (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.