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IQVIA Holdings Inc. — Intrinsic Value & Fair Price

IQV
NYSEHealthcareMedical - Diagnostics & ResearchCIK 0001478242iqvia.comAbout IQV
Last close · Oct 16, 2026266.90−4.14 (−1.53%)
Market cap$43.9B
Model value · DCF · Perpetuity growth · 5y
237.57
IQVIA closed at $266.90 — overvalued by 12% vs model.
131.30the model's range621.45

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
8.24 – 563.64
Wall St. target
300.00 11% below
Above model, 1y
12 of 20 days

Price and model value

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What the marks mean
Daily close

Research on IQV

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How it is valued

Valued asMature & Stable
Low/slowing growth (~4% recent)Moderate margins (8% net margin)Highly cyclical earningsHigh leverage (D/E 2.4x)
What growth the price implies: the reverse DCF

Key figures

FY2025
P/E
34.0×
EV / EBITDA
16.7×
FCF yield
4.5%
Dividend yield, TTM
0.00%
Beta
1.17
Cost of capital (WACC)
8.28%
Full financials

Analyst actions

third-party, quoted
10-14Stifel Nicolaus · target303.00
10-07Barclays · target300.00
10-07Mizuho Securities · target300.00
06-17Morgan Stanley · “Equal Weight” from “Overweight”downgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just IQV. No account.

About IQVIA

IQVIA Holdings Inc. is a premier global provider of sophisticated analytical insights, advanced technology solutions, and comprehensive clinical research services, catering to the life sciences industry across the Americas, Europe, Africa, and Asia-Pacific. The company's operations are structured into three key divisions: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions. The Technology & Analytics Solutions segment provides a suite of cloud-native applications, complete with implementation services, and offers real-world data solutions designed to empower life sciences and healthcare providers in generating and disseminating evidence crucial for informed decision-making and improving patient outcomes. This division also delivers strategic and operational consulting, including advanced analytics support and outsourcing of commercial processes. Furthermore, it supplies country-level performance metrics detailing pharmaceutical sales, prescribing trends, medical treatments, and promotional activities across diverse channels like retail, hospital, and mail order, with data granularity extending to regional, postal code, and individual prescriber levels. Focusing on clinical trials, the Research & Development Solutions segment offers project management, clinical monitoring, broader clinical trial support, virtual trial capabilities, and strategic planning and design services. It also manages an extensive network of laboratory services, encompassing central, genomic, bioanalytical, ADME, discovery, vaccine, and biomarker analyses. The Contract Sales & Medical Solutions segment is responsible for engaging healthcare professionals and patients, alongside providing scientific strategy and medical affairs support. IQVIA's diverse clientele includes pharmaceutical, biotechnology, medical device and diagnostic, and consumer health companies. The company maintains a strategic collaboration with HealthCore, Inc. Founded in 1982, the firm was formerly known as Quintiles IMS Holdings, Inc. before rebranding as IQVIA Holdings Inc. in November 2017. Its headquarters are located in Durham, North Carolina.

CEO
Ari Bousbib
Headquarters
Durham, NC
Employees
94,000
IPO
2013-05-09
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.