TGM's two-stage DCF values Gartner, Inc. (IT) between $226.80 and $419.80 depending on assumptions, with a base case of $304.93. 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 (8.9%) reflects its beta.
What would today's price require?
$140.50 is justified only if free cash flow grows about -8.7% a year (fading to 2.5% long-run) at a 8.9% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 4.6%/yr | 9.9% | $226.80 |
| Base case | 7.6%/yr | 8.9% | $304.93 |
| Optimistic | 10.6%/yr | 7.9% | $419.80 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 26, 2026 · assumptions not provided | $407.39 | |
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
$140.50
Market-Implied Growth
-8.7%/yr
vs +6.2% 5Y actual
Model Scenario Range
$226.80 – $419.80
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
$304.93
+117.0% vs $140.50
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 7.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $140.50; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.9% | $381 | $416 | $459 | $513 | $582 |
| 7.9% | $316 | $340 | $368 | $401 | $443 |
| 8.9% | $269 | $285 | $305 | $328 | $355 |
| 9.9% | $232 | $245 | $259 | $275 | $294 |
| 10.9% | $204 | $214 | $224 | $237 | $250 |
