Gartner
Gartner, Inc. provides business and technology insights to support decision-making and performance on an organization's mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Insights, Conferences, and Cons…
Gartner, Inc. provides business and technology insights to support decision-making and performance on an organization's mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Insights, Conferences, and Consulting. The Insights segment delivers insights through subscription services, such as access to published content, data and benchmarks, and direct access to a network of business and technology experts. The Conferences segment enables executives and teams to learn, share, and network through its Symposium/Xpo series and peer-driven sessions, as well as through its conferences focused on specific business roles and topics. The Consulting segment provides technology-driven strategic initiatives, including custom analysis and on-the-ground support to senior executives. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. The company was formerly known as Gartner Group, Inc. and changed its name to Gartner, Inc. in November 2001. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.
Other models: USD 120.71–196.94 (median 177.94). The recommended value is in line with them.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.
Market price within modeled range
Free-cash-flow DCF using Fiscal year 2025 reported free cash flow, with cash, debt, and shares from the latest report. Base assumptions are 6.19% growth, 3.25% terminal growth, and 11.5% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is not a statistical confidence interval or investment advice.
Assumptions: growth 6.19%, discount rate 11.50%, terminal growth 3.25% (sector defaults). See a worked example.
Blended growth assumption: 6.2% (sector default 8.5%, own revenue history 8.2%, analyst revenue consensus 4.0%).
Analyst consensus expects revenue growth of 4.0% a year; the growth assumption used is 6.2%.
Adjust assumptions
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — USD 224.59 (+13.4%)
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EPS-based Gordon proxy
— USD 120.71 (-39.1%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— USD 224.59 (+13.4%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— USD 196.94 (-0.6%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— USD 177.94 (-10.2%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— USD 223.47 (+12.8%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— USD 414.06 (+109.0%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear USD 167.54 | -18.2% |
| Base USD 224.59 | 11.8% |
| Bull USD 319.62 | 38.0% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At USD 198.07 the market implies about this annual free-cash-flow growth for 5 years (terminal 3.3%, discount 11.5%).
Compare: the market implies 3.4% a year, this model assumes 6.2%. The model is more optimistic than the price, which is why it reads as undervalued.
Sensitivity: base value per share
How the Free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
These are assumption-based scenarios, not a confidence interval. Scroll horizontally to see all discount rates.
| Growth \ Discount | 9.5% | 10.5% | 11.5% | 12.5% | 13.5% |
|---|---|---|---|---|---|
| 2.2% | 252.63 | 215.67 | 187.66 | 165.71 | 148.03 |
| 4.2% | 276.94 | 236.28 | 205.47 | 181.33 | 161.91 |
| 6.2% | 303.08 | 258.41 | 224.59 | 198.10 | 176.79 |
| 8.2% | 331.15 | 282.17 | 245.10 | 216.07 | 192.72 |
| 10.2% | 361.25 | 307.64 | 267.06 | 235.30 | 209.77 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
3 months price change: +2.54% · USD 198.07 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 224.59). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:33 (3 minutes ago).
10 Aug 2026Range USD 169.69 – 235.2605 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 92 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +4.2% a year | 12 / 20 |
| Balance sheet | net debt 0.9x EBITDA | 20 / 20 |
| Margins | EBITDA margin 23% | 20 / 20 |
Peers in Information Technology
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| IT (this company) | USD 198.07 | 31.1% | 13.1 | – | – | 92 |
| SMCI Supermicro | USD 27.08 | 50.4% | 8.5 | 1.3 | – | 60 |
| SNDK Sandisk | USD 806.43 | 48.4% | 5.9 | 6.3 | – | 76 |
| ADBE Adobe Inc. | USD 246.44 | 43.6% | 13.2 | 8.2 | – | 100 |
| INTU Intuit | USD 354.84 | 31.9% | 21.1 | 5.1 | 1.4% | 100 |
| HPQ HP Inc. | USD 29.44 | 31.6% | 11.1 | – | 4.0% | 64 |
| GIB-A.TO CGI Inc. | CAD 115.51 | 26.9% | 13.9 | 2.4 | 0.6% | 90 |
| FSLR First Solar | USD 195.76 | 26.1% | 11.3 | 1.9 | – | 73 |
| CRM Salesforce | USD 222.41 | 16.6% | 18.9 | 4.8 | 0.8% | 100 |
| Peer median | 12.2 | 4.8 | ||||
Annual financial statement
Saved annual report · Fiscal year 2025 · SEC EDGAR annual filings · period ended 31 Dec 2025
| Revenue | USD 6,497,226,000 |
|---|---|
| EBITDA | USD 1,226,020,000 |
| EBIT | USD 1,025,711,000 |
| Net income | USD 729,231,000 |
| Free cash flow | USD 1,290,365,000 |
| Capital expenditures | USD |
| Debt | USD 2,981,674,000 |
| Cash | USD 1,722,521,000 |
| Working capital | USD -5,755,000 |
| Shares outstanding | 75,605,000 |