---
title: Fiserv (FISV) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/fisv
ticker: FISV
as_of: 2026-10-17
sector: Technology
industry: Information Technology Services
---
# Fiserv (FISV)

Fiserv (FISV) closed at $47.55 on Oct 16, 2026, undervalued by 83% vs its model value of $283.84 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $47.55 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $283.84 |
| Price vs model | undervalued by 83% vs model |
| Range of that model | $134.34 – $570.30 |
| Market value | $25.3B |
| P/E (fiscal 2025) | 7.5 |
| Net margin (fiscal 2025) | 16.4% |
| Free cash flow (fiscal 2025) | $4.3B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 0.80 |
| Cost of capital (WACC) | 6.32% |
| Business classification | Mature & Stable (Low/slowing growth (~5% recent), Moderate margins (16% net margin), Highly cyclical earnings, Strong FCF yield (17.0%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest free cash flow yield | #8 | 17.0% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |
| Lowest P/E | #6 | 7.5× | https://sweetvaluelab.com/lists/lowest-pe |
| Worst performing this year | #40 | −29.2% | https://sweetvaluelab.com/lists/worst-performing-this-year |
| Insider buying | #26 | $519,500 | https://sweetvaluelab.com/lists/insider-buying |

## 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 | $283.84 | $134.34 | $570.30 |
| DCF · Perpetuity growth · 10y | cross check | $290.32 | $144.21 | $594.84 |
| DCF · EBITDA exit · 5y | cross check | $161.38 | $93.32 | $242.01 |
| DCF · EBITDA exit · 10y | cross check | $184.34 | $111.93 | $282.05 |
| P/E · peers | cross check | $124.47 | $67.14 | $233.77 |
| P/E · own history | cross check | $211.20 | $177.46 | $297.95 |
| PEG | sanity check | $116.92 | $116.92 | $116.92 |
| EV/EBITDA · peers | cross check | $90.72 | $67.90 | $198.50 |
| EV/Revenue · peers | cross check | $67.19 | $9.31 | $109.02 |
| Earnings power value | cross check | $57.69 | $36.77 | $91.63 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 1 open-market buy ($519,500) and 0 open-market sales ($0); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | COHEN STEPHANIE | Director | Grant / award | 775 | $35,014.5 |
| Sep 30, 2026 | DE CASTRO HENRIQUE | Director | Grant / award | 720 | $32,529.6 |
| Sep 30, 2026 | DiSimone Harry | Director | Grant / award | 775 | $35,014.5 |
| Sep 30, 2026 | Dufetel Celine S | Director | Grant / award | 775 | $35,014.5 |
| Sep 30, 2026 | FRITZ LANCE M | Director | Grant / award | 858 | $38,764.4 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 22, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/798354/000119312526397250/d215103d8k.htm |
| Aug 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/798354/000079835426000031/fisv-20260630.htm |
| Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/798354/000079835426000028/fi-20260806.htm |
| Jul 7, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/798354/000119312526297448/d110419d8k.htm |
| Jun 23, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/798354/000119312526279413/d38671d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 50,194,946 | $2.5B |
| Bill Nygren | 2026-06-30 | 22,210,980 | $1.1B |
| First Eagle | 2026-06-30 | 10,857,773 | $532.6M |
| Mairs & Power | 2026-06-30 | 2,293,029 | $112.5M |

9 tracked managers in all.

## About

Fiserv, Inc. is a global provider of technology solutions for payments and financial services. Its operations are structured into three primary segments: Acceptance, Fintech, and Payments. The Acceptance segment enables businesses to process transactions at the point of sale and through digital channels, offering mobile payment capabilities and robust security and fraud prevention tools. Key offerings include Carat, its omnichannel commerce platform; Clover, a cloud-native platform for point-of-sale and business management; and Clover Connect, designed for independent software vendors. This segment reaches clients via diverse distribution channels, including direct sales, agent networks, ISVs, and financial institution partnerships. The Fintech segment supports financial institutions in managing core functions like customer deposit and loan accounts, general ledgers, and central informat…

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Source: https://sweetvaluelab.com/stocks/fisv (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.