TGM's two-stage DCF values Gartner, Inc. (IT) between $207.75 and $390.03 depending on assumptions, with a base case of $281.12. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (8.7%) reflects its beta.
What would today's price require?
$170.84 is justified only if free cash flow grows about -5.5% a year (fading to 2.5% long-run) at a 8.7% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 2.0%/yr | 9.7% | $207.75 |
| Base case | 5.0%/yr | 8.7% | $281.12 |
| Optimistic | 8.0%/yr | 7.7% | $390.03 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 9, 2026 · assumptions not provided | $373.60 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$170.84
Market-Implied Growth
-5.5%/yr
vs +1.9% 5Y actual
Model Scenario Range
$207.75 – $390.03
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for IT (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $1.1B · 0.07B shares · net debt $1.6B
Estimated Fair Value
$281.12
+64.5% vs $170.84
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $170.84; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.7% | $353 | $387 | $429 | $482 | $551 |
| 7.7% | $291 | $314 | $341 | $373 | $413 |
| 8.7% | $247 | $263 | $281 | $303 | $329 |
| 9.7% | $213 | $225 | $238 | $254 | $271 |
| 10.7% | $187 | $196 | $206 | $217 | $230 |
